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Chief Executive Donald Tsang Yam- kuen is expected to announce a government investment of HK$200 billion to expedite a basket of infrastructural mega projects in his policy address today.
His aim is to create jobs, stimulate the economy, and foster greater integration with the mainland amid robust and rapid economic and infrastructural progress over the border.
His aim is to create jobs, stimulate the economy, and foster greater integration with the mainland amid robust and rapid economic and infrastructural progress over the border.
"We are sitting on this huge reserve and the best way is to give back to the people or spend it on much needed projects," Lee said.
Analysts agreed Tsang is unlikely to say anything concrete on democratic reform and that he will use the three- month green paper consultation, which expires today, to sidestep the issue.
Analysts believe Tsang will also outline strategies to enhance the city's competitiveness and strengthen its status as a top financial center to fight off threats from Shanghai and Macau, which just opened the Venetian Macao.
"Facing the threat from Macau, Hong Kong's competitiveness is decreasing. A lot of people are worried about being marginalized. This is something that Donald Tsang would have to address," said James Sung Lap-kung, political professor at City University.
Tsang's expected HK$200 billion investment includes:
HK$30 billion for a Guangzhou- Shenzhen-Hong Kong Express Rail Link (previously known as Regional Express) to be completed by 2010;
HK$60 billion for the Hong Kong-Macau-Zhuhai Bridge (up to 3,000 jobs) to open in 2009;
HK$20.1 billion for the Tuen Mun West Corridor with the funding proposal at the end of this year, to be completed in 2016;
HK$6 billion to HK$7 billion for a South Island Line (6,000 jobs) to be completed in 2015;
HK$30 billion for a Sha Tin- Central Line (12,000 jobs);
HK$9.8 billion for the Southeast Kowloon redevelopment (85,400 jobs);
HK$19 billion for the West Kowloon Development (11,000 jobs); and
HK$3.2 billion for the Cruise Pier (6,900-10,900 jobs).
Analysts agreed Tsang is unlikely to say anything concrete on democratic reform and that he will use the three- month green paper consultation, which expires today, to sidestep the issue.
Analysts believe Tsang will also outline strategies to enhance the city's competitiveness and strengthen its status as a top financial center to fight off threats from Shanghai and Macau, which just opened the Venetian Macao.
"Facing the threat from Macau, Hong Kong's competitiveness is decreasing. A lot of people are worried about being marginalized. This is something that Donald Tsang would have to address," said James Sung Lap-kung, political professor at City University.
Tsang's expected HK$200 billion investment includes:
HK$30 billion for a Guangzhou- Shenzhen-Hong Kong Express Rail Link (previously known as Regional Express) to be completed by 2010;
HK$60 billion for the Hong Kong-Macau-Zhuhai Bridge (up to 3,000 jobs) to open in 2009;
HK$20.1 billion for the Tuen Mun West Corridor with the funding proposal at the end of this year, to be completed in 2016;
HK$6 billion to HK$7 billion for a South Island Line (6,000 jobs) to be completed in 2015;
HK$30 billion for a Sha Tin- Central Line (12,000 jobs);
HK$9.8 billion for the Southeast Kowloon redevelopment (85,400 jobs);
HK$19 billion for the West Kowloon Development (11,000 jobs); and
HK$3.2 billion for the Cruise Pier (6,900-10,900 jobs).
More details will be released after the policy address of the Chief Executive of Hong Kong SAR today.
推動十項大型規劃及基建項目，包括： 港珠澳大橋
廣深港高速鐵路
沙田至中環線
地鐵南港島線
北環線
屯門至赤 鱲 角連接路及屯門東西繞道
四號幹線
東南九龍發展計劃
西九龍文娛藝術區
大嶼山發展概念計劃
除了以上十項規劃、基建工程外，民建聯亦希望政府盡快開放邊境禁區、研究港島南區的可持續發展（香港仔 ）、以及其他地方性的配套，令到各區也能均衡發展，為當區居民提供就業機會，減免跨區工作所帶來的經濟負擔 。
廣深港高速鐵路
沙田至中環線
地鐵南港島線
北環線
屯門至赤 鱲 角連接路及屯門東西繞道
四號幹線
東南九龍發展計劃
西九龍文娛藝術區
大嶼山發展概念計劃
除了以上十項規劃、基建工程外，民建聯亦希望政府盡快開放邊境禁區、研究港島南區的可持續發展（香港仔 ）、以及其他地方性的配套，令到各區也能均衡發展，為當區居民提供就業機會，減免跨區工作所帶來的經濟負擔 。
Translation:
DAB Party of Hong Kong made a proposal to HK Government.
10 major infrastructural Projects proposed:
HK-Zhuhai-Macau Mega Bridge
HK-Shenzhen-GuangZhou Express Rail
Shatin-Central Line
South Island Line
Northern Line
Tuen Mun to Chep Lap Kok Link/Tuen Mun by-pass (the idea is to link up Hong Kong International Airport with Shenzhen Airport in the future)
Route No. 4
South East Kowloon Development (Kai Tak Development including Cruise Terminal)
West Kowloon Cultural District
Lantau Island Development Concept Plan (including Tourism Node at Sunny Bay and Tung Chung etc...)
Plus Closed Frontier Area Development, Aberdeen Tourism Node(Aberdeen Fisherman's Wharf ???), etc..
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