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4. MANY OF THE MOST IMPORTANT INFRASTRUCTURAL PROJECTS ARE BEING

CONSTRUCTED BY THE PRIVATE SECTOR. THEY INCLUDE:

(A) CONTAINER RERMINAL NUMBER 6 IN KWAI CHUNG IS BEING BUILT BY

HONG KONG INTERNATIONAL TERMINAL (HIT) AT A COST OF DOLLARS 2.5

BILLION. IT IS EXPECTED TO COMPLETE IN MID-1989. A TENDER FOR THE

ADJOINING CT7 WAS AWARDED IN APRIL 1988, ALSO TO HIT, AT A PREMIUM OF DOLLARS 4.4 BILLION. CONSTRUCTION IS EXPECTED TO START IN ABOUT

MID-1988 AND TO BE COMPLETED IN MID-1991:

(B) THE EASTERN CROSS HARBOUR TUNNEL IS BEING CONSTRUCTED BY A

CONSORTIUM COMPRISING JAPANESE, CHINESE, BRITISH AND LOCAL INTERESTS AT A COST OF MORE THAN DOLLARS 3 BILLION. COMPLETION IS EXPECTED IN

OCTOBER 1989.

(C) THE TATE'S CAIRN TUNNEL LINKING SHA TIN AND EAST KOWLOON WILL BE

CONSTRUCTED BY A CONSORTIUM ALSO COMPRISING JAPANESE, CHINESE, BRIT- ISH AND LOCAL INTERESTS AT A COST OF SOME DOLLARS 1.9 BILLION. IT IS

EXPECTED TO START IN JULY 1988 AND COMPLETE IN MID-1991:

(D) THE KOWLOON

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CANTON RAILWA CORPORATION IS PLANNING TO EXPEND

ITS RAILWAY FREIGHT YARD IN HUNG HOM TO CATER FOR THE INCREASED

FREIGHT DEMAND UPTO THE TURN OF THE CENTRURY. THIS WILL INVOLVE 18

HECTARES OF LAND:

(E) THE LAND DEVELOPMENT CORPORATION WAS SET UP IN JANUARY 1988

TO UNDERTAKE AND PROMOTE COMPREHENSIVE REDEVELOPMENT OF PARTS OF THE

OLDER URBAN AREAS. IT WILL COMMENCE FOUR REDEVELOPMENT SCHEMES BY

THE END OF 1988.

FORWARD PLANNING

5. THE FOLLOWING ARE THE PRINCIPAL PLANNING STUDIES NOW BEING

UNDERTAKEN:

(A) THE PORT AND AIRPORT DEVELOPMENT STUDY, WHICH BEGAN IN MARCH 1988, WILL LOOK AT THE OPTIONS FOR FURTHER EXPANSION OF THE PORT AND AIRPORT AND RELATED INFRASTRUCTURE FACILITIES. THE STUDY WILL TAKE

22 MONTHS BUT IT SHOULD BE POSSIBLE TO TAKE DECISIONS REGARDING THE NEXT STEPS IN PORT DEVELOPMENT, AND THE LOCATION AND THE TIMING OF A NEW AIRPORT, IN MID-1989:

(B) METROPLAN STUDY THIS WILL PROVIDE A FRAMEWORK FOR THE MORE COMPREHENSIVE RESTRUCTURING OF THE EXISTING AND PLANNED URBAN AREAS

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