TNAG-1456-FCO40-1980-Future-of-Hong-Kong-annual-report-to-Parliament-on-Hong-Kong-1986 — Page 66

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Corporation's freight and passenger terminals,

Route 5 from Sha Tin

to Tsuen Wan, and piling work for the Eastern District Hospital. There is also substantial investment in water supply projects to

handle increased water supplies from China, in environmental

projects and in the provision of recreational and cultural

faciliies.

73.

A number of major infrastructural projects are under

being planned for

of these

construction

or

implementation.

facilitated by the Hong Kong

Some

Government,

are

projects, while financed by the private sector. They include notably the Eastern

road Harbour Crossing costing HK$3.4 billion, which will provide a and rail link by tunnel between the eastern part of Hong Kong Island and East Kowloon by 1990. Other examples are the construction of a

sixth terminal at

at the

the Kwai Chung Container Port (already the third Largest in the world), and active planning for a second air freight

complex at the Kai Tak International Airport.

the

Kowloon-Canton Railway Corporation is constructing the first phase of the Light Rail Transit System for the Tuen Mun and Yuen Long new

towns at cost of HK$1.2 billion.

Further,

Development of

of the new towns continues, with expenditure at

74.

the rate of

contruction

some

of

first

a

year.

Work has

on the

The

HK$3 billion

commenced

two new towns

The at Junk Bay and Tin Shui Wai.

of stage

development at Junk Bay Will accommodate 75,000 people in public housing and 48,000 people in private housing. first public housing intake is expected in early 1987.

first tube

road tunnel of the

started in November 1986.

Linking East

Kowloon

Work on the

to Junk Bay

75.

Government

approach

is

necessary

In addition to continued development of the

Hong Kong

that decided

redevelopment of

new

has

to the

also

a

towns,

more systematic

some of

the

the

older

parts of the urban area. A statutory Land Development Corporation will be responsible for devising and implementing specific redevelopment schemes, either alone or in partnership with existing

Provisional Board of the

September and the planning of the first already underway.

owners.

The

Corporation

was

formed

in

urban renewal projects is

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