Environmental Impact Assessments To Be Sped Up: Govt
"); jQuery("#212 h3").html("

"); });
2022-12-12 HKT 15:22
Secretary for Environment and Ecology Tse Chin-wan on Monday said environmental impact assessments (EIA) won't be compromised by proposals to streamline the process.
The plans include creating a new centralised database with data from EIA reports, updating technical assessment guidelines and simplifying procedures for obtaining environmental permits, while projects spanning fewer than 50 hectares won't need an assessment report at all.
Tse told a Legco panel that he expects a shorter assessment process to boost housing supply.
"We expect that after the improvement measures are put in place, the environmental impact assessment process can be halved in terms of time it takes, that is 18 months for ordinary projects and 24 months for major complex projects. But we will keep the public inspection period as it is, and it will also not compromise the quality of environmental assessment reports," he said.
But speaking at the same panel meeting, legislator Tony Tse who represents the architectural, surveying, planning and landscape sector, questioned whether those targets can be met.
"Whether we could really shorten the period by half, I think we have to wait and see. Because it really depends on the particular projects... as well as the officers handling such applications," he said.
The lawmaker added that he hopes officials can strike a balance between speeding up development and minimising the impact on the environment.
Amendments to the Environmental Impact Assessment Ordinance will be tabled to Legco in the second quarter of next year.
XTransfer Partners With Bank SinoPac HK To Expand Cross-Border Payment Services
XTransfer has entered into a collaboration with Bank SinoPac, through its Hong Kong Branch, to expand international ope... Read more
Standard Chartered To Launch Bitcoin And Ethereum Custody Services By 2026
Standard Chartered Bank (Hong Kong) participated in Hong Kong Fintech Week 2025 (HKFTW25) as a strategic partner, annou... Read more
HashKey And Kraken Form Partnership On Institutional Tokenised Assets
HashKey and Kraken have announced a strategic partnership to promote institutional adoption of tokenised assets. The co... Read more
Reap Expands Global HQ With New Office In Hong Kong
Reap, a global fintech company providing stablecoin-enabled financial infrastructure, has expanded its global headquart... Read more
HeyMax Debuts In Hong Kong, Partnering With Cathay To Drive Regional Growth
Loyalty and travel rewards platform HeyMax has made its first international launch in Hong Kong, partnering with Cath... Read more