Hong Kong government announces HK$30 billion funding for Northern Metropolis urban development projects in New Territories
Hong Kong's government announced significant plans for urban development as it seeks to secure HK$30 billion (approximately US$3.8 billion) for the initial phase of the Northern Metropolis project. This budget allocation is aimed at supporting the establishment of three key developments: the Hetao Hong Kong Park, San Tin Technopole, and Hung Shui Kiu Industry Park, which together are expected to cover an expansive area of 30,000 hectares in the New Territories. The announcement was made by Bernadette Linn Hon-ho, the Secretary for Development, who outlined the proposed legal framework for these projects at a recent press briefing. The official stated... [Continue Reading]
