'Harbour Plans Need Private-sector's Creativity'

"); jQuery("#212 h3").html("

Related News Programmes

"); });

2019-03-17 HKT 09:17

Share this story

facebook

  • Paul Chan has ambitious plans for the harbourfront. Photo: RTHK

    Paul Chan has ambitious plans for the harbourfront. Photo: RTHK

Financial Secretary Paul Chan has defended the government's plan to work with the private sector on a HK$6 billion rejuvenation of the harbourfront.

Speaking on RTHK's Letter to Hong Kong programme, Chan said tapping the innovation and management skills of the private sector would help the government deliver plans for nine key waterfront sites.

"For one or two signature projects in Wan Chai north, we are considering organising a design competition. The point is: we are looking for innovative designs, built around engaging themes, from water centres to smart greens, and more.

"Some of the harbourfront enhancement projects may be realised through full public-private partnerships; local or global, we encourage both. The key is to maximise the creativity and expertise in project development or management."

Chan announced funding for the harbourfront development in his budget last month. It will cover six sites on Hong Kong Island and three elsewhere in the city, and is intended to open up more of the harbour to the public.

The plan is to increase the walkable area around Victoria Harbour from the current 20 kilometres to about 34 kilometres over the next decade or so.

RECENT NEWS

SBI Holdings To Acquire Bitbank In US$289M Crypto Expansion

SBI Holdings has agreed to acquire Japanese crypto exchange Bitbank in a deal valued at approximately US$289 million, w... Read more

4 Ways Hong Kong Banks Fight Financial Crime Using AI, According To HKMA

The Hong Kong Monetary Authority (HKMA) wants banks to use AI in financial crime as a way to counter cyberattacks and s... Read more

Ripple Launches RLUSD Stablecoin In Japan Through SBI Group

Ripple has launched its US dollar-denominated stablecoin, Ripple USD, in the Japanese market. The expansion follows reg... Read more

SBI And Startale Launch Trust Bank-Backed Yen Stablecoin JPYSC In Japan

SBI Group has introduced its trust based stablecoin JPYSC in partnership with Singapore-based fintech company Startale ... Read more

Visa Study: Digital Wallets Lead Greater Bay Area Payment Preferences

Visa has released its latest Consumer Payment Attitudes Study, highlighting how payment seamlessness is linked to a shi... Read more

European And South Korean Banks Form Project Pangea For FX Settlement

Chainlink, South Korean infrastructure provider FairSquareLab, the Unified Korea Alliance (UniKA), and European stablec... Read more