logo
Hong Kong withdraws tenders for 2 sites to speed up Northern Metropolis development

Hong Kong withdraws tenders for 2 sites to speed up Northern Metropolis development

Hong Kong authorities have withdrawn tenders for two sites in the New Territories initially earmarked for multi-storey buildings for modern industries to speed up development in the
Northern Metropolis , with the government taking a bigger role.
The Development Bureau said on Monday that a three-hectare site in Yuen Long would be passed to the Hong Kong Science and Technology Parks Corporation (HKSTP) to build a microelectronics ecosystem to promote high-value-added new industrialisation. The corporation runs an innovation park next to the site.
An eight-hectare plot in Hung Shui Kiu will be included in a bureau policy study, under which the government aims to establish a company to run an industrial estate in the area.
The two sites are among 30,000 hectares of land under the Northern Metropolis megaproject, a blueprint to turn the northern New Territories near the border with mainland China into an economic powerhouse and a housing hub.
The bureau said it had halted the tenders to facilitate efficient implementation of more pragmatic arrangements, which could allow them to play a bigger role in promoting industrial development.
'In order to lead and effectively promote the development of industries in the Northern Metropolis, the government has to allow flexibility in the use of [land] and adopt a 'dynamic planning' approach in formulating strategies in accordance with the actual circumstances, thereby accelerating enterprise anchoring and fostering development of the area,' a bureau spokesman said.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Cambodia-Thailand ceasefire welcome, but festering grievances must be tackled
Cambodia-Thailand ceasefire welcome, but festering grievances must be tackled

South China Morning Post

time9 hours ago

  • South China Morning Post

Cambodia-Thailand ceasefire welcome, but festering grievances must be tackled

The unconditional ceasefire agreed to by Thailand and Cambodia that came into force from midnight on Monday is to be cautiously welcomed, and current Association of Southeast Asian Nations (Asean) chair Malaysia is to be commended for enabling this truce. Advertisement China and the United States also played a role in nudging the two Southeast Asian neighbours to end the unexpected escalation in a military conflict over a disputed border that saw the use of fighter jets, drones, tanks and artillery guns. The Cambodia-Thailand conflict has its roots in the colonial borders drawn by France, which occupied Cambodia until 1953. While Thailand has contested this arbitrary demarcation, so far it has not tried to change the border through military force. The border of more than 800km (500 miles) has seen periodic skirmishes, especially over some temples seen as sacred to people on both sides. In 1962, the International Court of Justice (ICJ) ruled in Cambodia's favour in its complaint over the ownership of the Preah Vihear temple. Violent clashes erupted near the temple in 2011 , resulting in about 20 deaths and thousands of people being displaced. Cambodia again referred the matter to the ICJ that year, with the court upholding its earlier ruling and awarding Phnom Penh control of the immediate area around the temple in 2013. A Cambodian soldier died during a skirmish in an unmarked border area in May, making bilateral relations even more combustible. Domestic politics and nationalist sentiment only heightened tensions. 03:39 Thailand, Cambodia agree to 'unconditional' ceasefire after 5 days of fighting Thailand, Cambodia agree to 'unconditional' ceasefire after 5 days of fighting The Thai military has played a major role in the country's domestic politics since the first coup of 1932 that ushered in a constitutional monarchy. Ever since, the Thai military has seen itself as the principal guardian of national sovereignty and the monarchy, and it has had a frosty relationship with pro-democracy political parties

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store