TNAG-1603-FCO40-2210-Future-of-Hong-Kong-annual-reports-to-Parliament-on-Hong-Kon-1987 — Page 231

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

handie increased water supplies from China, in environmental

projects and in the provision of recreational and cultural

facilities.

73.

are

A number of major infrastructural projects are under

construction or being planned for

for implementation. Some of these

projects, while facilitated by the Hong Kong Government, financed by the private sector. They include notably the Eastern Harbour Crossing costing HK$3.4 billion, which will provide a road 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 the Kwai Chung Container Port (already the third Largest in the world), and active planning for a second air freight

at complex

the Kai Tak International Airport. Further, 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 a cost of HK$1.2 billion.

74.

the

of rate

contruction

Development of the new towns continues, with expenditure at

HK$3 billion some

a year.

Work has commenced

of two new towns at Junk Bay and Tin Shui Wai.

on the

The

The

first stage of 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. Work on the first tube of the road tunnel Linking East Kowloon to Junk Bay

started in November 1986.

75.

In addition

Government has Kong

to continued development of the new towns, the

Hong

also decided that a more systematic

approach is necessary to the redevelopment of some of 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

The Provisional Board of the

as the Corporation.

formed

September and the planning of

of the first urban renewal projects

already underway.

owners.