No Easy Legco Ride For Lantau Study, Says Official
"); jQuery("#212 h3").html("

"); jQuery(document).ready(function() { jwplayer.key='EKOtdBrvhiKxeOU807UIF56TaHWapYjKnFiG7ipl3gw='; var playerInstance = jwplayer("jquery_jwplayer_1"); playerInstance.setup({ file: "https://newsstatic.rthk.hk/audios/mfile_1563699_1_20201205103513.mp3", skin: { url: location.href.split('/', 4).join('/') + '/jwplayer/skin/rthk/five.css', name: 'five' }, hlshtml: true, width: "100%", height: 30, wmode: 'transparent', primary: navigator.userAgent.indexOf("Trident")>-1 ? "flash" : "html5", events: { onPlay: function(event) { dcsMultiTrack('DCS.dcsuri', 'https://news.rthk.hk/rthk/en/component/k2/1563699-20201205.mp3', 'WT.ti', ' Audio at newsfeed', 'WT.cg_n', '#rthknews', 'WT.cg_s', 'Multimedia','WT.es','https://news.rthk.hk/rthk/en/component/k2/1563699-20201205.htm', 'DCS.dcsqry', '' ); } } }); }); });
2020-12-05 HKT 10:46
The Development Secretary Michael Wong on Saturday played down suggestions that Legco had approved a feasibility study funding request too quickly for the Lantau Tomorrow Vision project, saying eight hours of discussion was rather long.
On Friday, Legco's finance committee signed off on the HK$550 million study for the massive reclamation project in waters off Lantau. The government wants to reclaim the land for much-needed housing.
But there was little opposition to the government's request for the money following the resignation, or disqualification, of pro-democracy lawmakers.
Speaking to reporters after appearing on an RTHK programme, Wong said there had nevertheless been critical questions from pro-establishment lawmakers and officials had addressed them in the same way as in the past.
Wong again defended the cost of what will be the city's costliest infrastructure project. It has an estimated price tag of HK$642 billion.
"We will look very carefully at the financial aspects, including different financial models," he said. "So I think the government will take a decision when all the data has come in and look at them scientifically... rationally."
Wong also said the government would discuss any resulting proposals with the community before finalising anything.
Meanwhile, the former observatory chief Lam Chiu-ying said the funding approval was disappointing, as the need for the artificial islands wasn't justified.
Writing on his Facebook page, Lam said Hong Kong's population was expected to peak in 2039 with 8.1 million people - and that was about a million fewer than the assumption made by the government's task force on land supply.
He said the large-scale reclamation would put Hong Kong at the bottom of the country's conservation efforts and it would also violate the Convention on Biological Diversity, of which China is a signatory.
Lam said the project would not only bring shame on Hong Kong but on the country as well.
Hong Kong Fund Industry May Double With Tokenised Finance And 24/7 Trading Access
Hong Kong could potentially double the size of its fund industry by moving from legacy infrastructure to token-based fi... Read more
HKMA Alerts Public To Scam Website And Login Screens Posing As Official Site
The Hong Kong Monetary Authority (HKMA) has issued a public alert regarding a fraudulent website and online login scree... Read more
Hong Kong Fintech Promotion Blueprint Indicates 4 Incoming Flagship Projects
The Hong Kong Monetary Authority (HKMA) released the Hong Kong Fintech Promotion Blueprint on 3 February 2025, which sh... Read more
Visa To Enable Cross-Border Payments To 95% Of UnionPay Cardholders In China
At Web Summit Qatar, Visa and UnionPay International (UPI) announced an agreement to enable cross-border money transfer... Read more
HKMA Launches Fintech Blueprint With AI, DLT, Quantum And Cybersecurity Focus
The Hong Kong Monetary Authority (HKMA) published a Fintech Promotion Blueprint to support responsible innovation and f... Read more
How Gaming Giants Are Redefining The Experience Of Paying
Gaming isn’t just a hobby; it’s a global infrastructure challenge. In this episode Vincent Fong (Chief Editor, Fint... Read more