'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

OCBC Plans Hong Kong Wealth Expansion With Up To 50 New Bankers

OCBC is expending its wealth management team in Hong Kong by 30% this year to meet growing regional demand for investme... Read more

Hana Financial To Acquire US$669M Stake In Dunamu, Deepening Crypto Push

Hana Financial Group has agreed to acquire a 6.55% stake in digital asset operator Dunamu. The transaction is valued at... Read more

Reap And TerraPay Partner To Expand Cross-Border Payouts Via Local Payment Rails

Reap has partnered with TerraPay to expand its cross-border payout network using domestic clearing systems. The integra... Read more

Tencent Fintech And Cloud Services Lift Q1 2026 Revenue 9% To US$8.68 Billion

Tencent reported a 9% increase in revenue from its fintech and business services division for the first quarter of 2026... Read more

Ant Group Profit Falls An Estimated 79% As AI And Payments Spending Rises

Ant Group saw an estimated 79% decline in quarterly profit as the company accelerates its spending on AI, large languag... Read more

Alibabas Cloud Revenue Jumps 40% As AI Investments Pressure Profitability

Alibaba Group has released its financial results for the quarter and fiscal year ending 31 March 2026, reporting a 3% a... Read more