“$20 billion will be used on the first phase of the Hong Kong-Shenzhen Innovation and Technology Park in the Lok Ma Chau Loop ” Paul Chan, Financial Secretary HKSAR

 

“$20 billion will be used on the first phase of the Hong Kong-Shenzhen Innovation and Technology Park in the Lok Ma Chau Loop for, inter alia, site formation, infrastructure, superstructure and initial operation.  Given the scale of the development, it is estimated that the whole project will eventually cost far more than $20 billion.  When the relevant planning studies are finished, we will make reference to the findings and provide additional resources in a timely manner so that the Park can come into operation as early as possible.”

 

Source: Paul Chan, FS HKSAR, Budget Speech 2018

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