Hong Kong to reclaim 190 hectares of land to make space for modern industries
The Development Bureau said on Friday that the government was open to any financing model for the reclamation work in two areas, near Lung Kwu Tan and in Tuen Mun West.
The land will be earmarked for developing industries such as green energy, advanced construction, the circular economy and modern logistics, with the first area of land expected to be ready as early as 2029.
The area to be reclaimed is equivalent to the size of 10 Victoria Parks in Causeway Bay.
'We have to consider the market's interest in taking up the projects without any residential sites in the areas … Even if the market is more cautious, the government is planning to fund the reclamation works on its own,' a bureau spokeswoman said.
'If we cannot find any suitable model for the private market to participate in the project, the government will take up the responsibility.'
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