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

Vietnam And South Korea Launch Cross-Border QR Payments

Vietnam and South Korea have launched cross-border QR payments that allow Korean users to pay merchants in Vietnam thro... Read more

WeChat Pay Integrates With Local QR Networks In 5 Asian Countries

WeChat Pay has integrated its service with national QR code networks in five Asian countries, simplifying cross-border ... Read more

Global Transition Finance Ecosystem Gains Momentum

The global transition finance ecosystem is gaining momentum. According to new research by the Hong Kong Institute for M... Read more

Banking Circle Taps PayGate To Ease KRW Cross-Border Payments Into South Korea

Global payments bank Banking Circle will now handle cross-border transactions and settlement flows for South Korean pay... Read more

Equinix AI Discovery Hub Opens In Hong Kong For Enterprise AI

Digital infrastructure company Equinix is partnering with Hewlett Packard Enterprise (HPE) to launch the Equinix AI Dis... Read more

Tencent, Alibaba Eye DeepSeek Stake As AI Startup Tops US$20B Valuation

Chinese tech giants Tencent and Alibaba are in discussions to invest in AI startup DeepSeek, The Information reported, ... Read more