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


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


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.

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