Subscribe To Newsletter
[newsletter_signup_form id=1]
Connect with us
Totalityre

International

Hong Kong To Invest $12.9Bn Annually On Infra Projects

Chan believes that such projects will improve the urban environment and make Hong Kong more livable, reports Xinhua news agency.

Published

on

Hong Kong encouraged the construction sector to adopt more digital technologies and allocated 200 million Hong Kong dollars to train workers.

The Hong Kong government will invest over HK$100 billion ($12.9 billion) annually in infrastructure projects during the next several years, Financial Secretary Paul Chan said on Sunday.

The government will continue to push forward a series of projects concerning people’s livelihood, including affordable housing, land reclamation, reconstructions of hospitals and railway networks, Chan said in an online article.

Chan believes that such projects will improve the urban environment and make Hong Kong more livable, reports Xinhua news agency.

After a year of the economic recession, the budget is under pressure but the government will not slow down its work to push society forward in a bid to break development bottlenecks and improve people’s living conditions, he said.

In the article, the Financial Secretary also reviewed the government work in the past year.

Hong Kong encouraged the construction sector to adopt more digital technologies and allocated 200 million Hong Kong dollars to train workers, Chan added.

Source: IANS

(The story has been published from a wire feed without modifications to the text. Only the heading has been changed)

ALSO READ: Emaar Properties Profit Dips 58% And DAMAC Posts $283 Mn Loss In 2020

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Trending

© 2021 RealtyNXT | All Rights Reserved.