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<Budget>Paul Chan Intends to Apply for HKD10B Injection as Initial Capital for Hung Shui Kiu Industry Park Company Ltd.
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Regarding the development of the Northern Metropolis (NM), Hong Kong's Financial Secretary Paul Chan revealed that the first batch of site formation works for the I&T land in San Tin Technopole and the university land in Hung Shui Kiu will be completed within this year. Chan added that the government will seek funding approval from the LegCo in 2026-27 for kickstarting projects such as the site formation and engineering infrastructure works for Ngau Tam Mei New Development Area and Stage2 of San Tin Technopole Phase1 Development, as well as construction of the government joint-user complex in Kwu Tung North. The government also plans to seek funding approval from the LegCo for injecting an initial capital of HKD10 billion to support the initial operation of Hung Shui Kiu Industry Park Company Limited and its development needs, thereby facilitating its operation to commence by the middle of this year. AAStocks Financial News |
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