CHINA HKSAR gov't official expects 12.9-bln-USD infrastructure investment annually

CHINA

HKSAR gov't official expects 12.9-bln-USD infrastructure investment annually

Xinhua

17:45, February 14, 2021

Photo: Xinhua

The Hong Kong Special Administrative Region (HKSAR) government will invest over 100 billion Hong Kong dollars (12.9 billion U.S. dollars) annually in infrastructure projects during the next several years, financial secretary Paul Chan said Sunday.

The government will continue to push forward a series of projects concerning people's livelihood, including affordable housing, land reclamation, reconstructions of hospitals and railway networks, Chan said in an online article.

Chan believes that such projects will improve the urban environment and make Hong Kong more livable.

After a year of the economic recession, the budget is under pressure but the government will not slow down its work to push society forward in a bid to break development bottlenecks and improve people's living conditions, Chan said.

In the article, Chan also reviewed the government work in the past year.

Hong Kong encouraged the construction sector to adopt more digital technologies and allocated 200 million Hong Kong dollars to train workers, Chan said.

Related Stories

Terms of Service & Privacy Policy

We have updated our privacy policy to comply with the latest laws and regulations. The updated policy explains the mechanism of how we collect and treat your personal data. You can learn more about the rights you have by reading our terms of service. Please read them carefully. By clicking AGREE, you indicate that you have read and agreed to our privacy policies

Agree and continue