Tamar development project postponed in HK

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Last updated at: (Beijing Time) Thursday, December 18, 2003

Tamar development project postponed in HK

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Hong Kong's Chief Secretary for Administration Donald Tsang told the Legislative Council here Wednesday that the Hong Kong Special Administrative Region (SAR) government decided to postpone the Tamar development project.

Tamar is located at the northwestern part of the Hong Kong Island.

Tsang noted that given the current and forecast levels of budget deficit, it would not be in the public interest to proceed with the Tamar project now.

Nevertheless, he added, it remains the government's plan to develop the Tamar site as Hong Kong's prime civic core, with the Government Complex and the Legislative Council Complex being its core and integral components.

According to him, the government has critically reviewed capital works projects in the pipeline and other initiatives, and has come to the conclusion that the Tamar project is of a lower priority.

Notwithstanding the decision to defer the Tamar project, the government remains committed to spending on average 29 billion HK dollars (3.72 billion US dollars) a year on capital expenditure for the next five years, he stated.

This would bring about substantial job opportunities for professional/technical staff and laborers in the employment market,he said.

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