Hong Kong Vows to Expand Investment in Infrastructure, Tung

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Last updated at: (Beijing Time) Thursday, July 04, 2002

Hong Kong Vows to Expand Investment in Infrastructure, Tung

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Chief Executive Tung Chee Hwa Wednesday said the Hong Kong government is committed to investing in infrastructure developments to sharpen Hong Kong's competitive edge and provide a better living environment for Hong Kong people.

Speaking at the opening ceremony of the Hong Kong Planning and Infrastructure Exhibition Gallery, Tung reaffirmed Hong Kong's strength in having a world-class infrastructure network.

"Hong Kong has enormous strengths in various areas that are the envy of many places, one of which being our world-class infrastructure," the Chief Executive stressed.

Directions and decisions of HK's infrastructure developments

Tung outlined the main directions of Hong Kong's infrastructure developments, which involved more than 1,600 projects at a total cost of about 600 billion HK dollars (77 billion US dollars) over the next 10 years, ranging from better town planning, enhancing Hong Kong's position as a transport and logistics hub, promoting tourism, and improving the environment.

He announced that a decision had been made to build a cable car system linking Tung Chung and Ngong Ping, which will be completed in 2005 together with the Disney theme park. By that time, North Lantau will turn into a tourist magnet, he said.

Tung also announced that tenders would be invited in September this year on the conversion of the former Marine Police Headquarters in Tsim Sha Tsui into a tourism-themed development.

"We shall adopt a new concept under which we promote tourism while preserving buildings of historical significance," he said. "I look forward to this privately-run project giving Hong Kong a new tourist attraction with appealing features."

Tung stressed that investment in the infrastructure projects would help economic growth and create employment opportunities. He said the government would strive to streamline procedures to speedup implementation of the projects.

The Chief Executive also officiated at the opening ceremony of the exhibition, which is staged by the Hong Kong Planning Department at the gallery of City Hall Annexe, as one of the events to celebrate the 5th Anniversary of the Hong Kong Special Administrative Region.

The exhibition features a wide range of audio-video presentations, models, computer games and animation about existing and planned major infrastructure projects, ranging from transport, new towns, urban renewal, tourism to environmental protection, are explained via video shows accompanied by special lighting effects.

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