Nashville, Knoxville, Memphis Indian Community - TNIndian.com
| | | | | | | | | | | |
 


 

HK to invest $12.9bn annually on infrastructure projects

Hong Kong,Politics

Author : Indo Asian News Service

International, Politics, National, Hong Kong Read Latest News and Articles

Share With Your Friends



Add an Article

View All Contributions

Add To My Favorite

Add A Picture

Hong Kong, Feb 14 (IANS) The Hong Kong government will invest over HK$100 billion ($12.9 billion) annually in infrastructure projects during the next several years, Financial Secretary Paul Chan said on Sunday.

The government will continue to push forward a series of projects concerning people's livelihood, including affordable housing, land reclamation, reconstructions of hospitals and railway networks, Chan said in an online article.

Chan believes that such projects will improve the urban environment and make Hong Kong more livable, reports Xinhua news agency.

After a year of the economic recession, the budget is under pressure but the government will not slow down its work to push society forward in a bid to break development bottlenecks and improve people's living conditions, he said.

In the article, the Financial Secretary also reviewed the government work in the past year.

Hong Kong encouraged the construction sector to adopt more digital technologies and allocated 200 million Hong Kong dollars to train workers, Chan added.

--IANS

ksk/


Copyright and Disclaimer: All news and images appearing in our news section, search engines and social media are provided by IANS. If you face any issues related to the content/images, please contact our news service provider directly. We are not liable/responsible for any content/images related to the news service provider.


Latest News

View More News


More News Articles

IPL 2024: All it needs is to win a couple of games and you are back in contention, says Rashid Khan

IPL 2024: All it needs is to win a couple of games and you are back in contention, says Rashid Khan

Aditi Rao Hydari's b'day wish for 'manicorn' Siddharth: 'Endless laughter, happiness'

Aditi Rao Hydari's b'day wish for 'manicorn' Siddharth: 'Endless laughter, happiness'

Why Vidya Malvade says she felt she would become 6 feet tall by end of 'Ruslaan' shoot