Hong Kong financial apportion throws support behind reclamation and new towns to palliate housing shortage

Hong Kong financial apportion Paul Chan Mo-po has called on a open to take “a useful and bargain attitude” towards reclamation and a growth of new towns, that he pronounced were pivotal to easing a city’s land shortage.

Chan uttered support for a solutions in his weekly blog post on Sunday forward of a rite he was due to attend on Monday to mangle belligerent on a Tung Chung New Town Extension.

The reclamation project, many years in a planning, is approaching to produce space for 49,500 new flats.

Chan pronounced there were some-more than 3.5 million people – about half of Hong Kong’s race – already vital in supposed new towns grown outward a city centre from a 1970s to 90s, including Tsuen Wan, Sha Tin, Tseung Kwan O and Tung Chung.

But he lamented that growth had been tiny following events such as a 1997 Asian financial predicament and a lethal widespread of serious strident respiratory syndrome (Sars) in 2003.

“There have been no new towns finished given 2000,” he said. “This is one of a many surpassing reasons for a parsimonious land supply we now have.”

Similarly, land reclamation also plunged in a duration from 2000 to 2015, with usually 690 hectares reclaimed compared with 3,000 from 1985 to 2000.

Reclamation has been a hotly contested subject in a city in new years.

11 immature groups impact charge force arch for downplaying environmental impact of land reclamation

In Nov final year, a government-appointed Task Force on Land Supply gave a capitulation for 6 sites endorsed by a supervision to bear reclamation. The sites enclosed a devise to emanate a 1,000-hectare synthetic island to a easterly of Lantau.

Task force cabinet members felt reclamation in these 6 places would have a smallest impact on a sourroundings and would benefaction a fewest “insurmountable difficulties” in terms of technology.

But a skeleton drew critique from immature groups who warned of drop of a sea environment.

“I trust that as prolonged as we can be dynamic and use a useful and jointly bargain attitude, we can have success stories in land reclamation and new city growth again,” Chan said.

Hong Kong’s destiny depends on reclamation, cabinet says, as it backs devise for work during 6 sites

“This will concede residents to live in assent and work contented, fortitude a new section in Hong Kong’s fortitude and prosperity.”

He also stressed that today’s reclamation record was utterly modernized and most improved means to take caring of surrounding ecological environments and communities.

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