Reclamation Off Ma Liu Shui 'to Take Up To 15 Years'

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

Related News Programmes

"); });

2021-10-07 HKT 17:24

Share this story

facebook

  • Alfred Sit (third from left) said the administration needs to plan well ahead for the city's IT development. Photo: RTHK

    Alfred Sit (third from left) said the administration needs to plan well ahead for the city's IT development. Photo: RTHK

Innovation and Technology minister Alfred Sit on Thursday said it will take up to 15 years to complete a reclamation project off Ma Liu Shui announced in the chief executive's policy address, even though it has not yet been decided what exactly the development will entail.

The reclamation project, together with land to be freed up by the relocation of the Sha Tin Sewage Treatment Works to caverns, is to provide a total of 88 hectares of new land, mainly for IT development.

At a press conference, Sit said they need to plan well ahead for the city's IT development.

He said now is a "golden age" for the technology sector in the city, and it would be too late to start planning for the longer-term after the Science Park and Cyberport are expanded in the next few years.

The official said the government will soon conduct studies on the Ma Liu Shui project.

"For the sea reclamation [on the] eastern corridor, they may need time for more thorough study before we can really know about the programme that we can have. And also we need to know the demand from the trade industry," he said.

Sit brushed aside concerns that the government proposal may turn out to be unpopular with nearby residents - as was the previous idea to build residential flats on the Ma Liu Shui reclamation site.

"The objection in the past mainly came from the concern on the transportation support and all sorts of issues that may cause the current residents some problems. Well, since we are going to [use] the land mainly for I&T development, we can expect the objection... will be minimised."

RECENT NEWS

Five Years In: Lessons From Asias Digital Bank Revolution | David Becker, MD APAC, Mambu

Digital banking in Asia was supposed to change the world. Five years later, did it live up to the hype? In this in-dept... Read more

19th Asian Financial Forum To Spotlight Finance And Global Opportunities

The 19th Asian Financial Forum (AFF), co-organised by the Hong Kong SAR government and the Hong Kong Trade Development ... Read more

HK Banks Launch Money Safe Service To Protect Deposits

The Hong Kong Monetary Authority (HKMA) and the Hong Kong Association of Banks (HKAB) announced on 30 December that all... Read more

HashKey Lists On Hong Kong Exchange

HashKey listed on the Main Board of The Stock Exchange of Hong Kong Limited, becoming the first digital asset company t... Read more

North Korea Linked To Over Half Of 2025 Crypto Heist Losses

TRM has published new research showing that North Korea-linked actors were responsible for more than half of the US$2.7... Read more

South Korea Forms Task Force After Coupang Data Breach

The South Korean government announced on Thursday (19 December) that it will establish an interagency task force to add... Read more