According to latest government announcement and analysts forecast the period from 2011 to 2016, the local construction sector will experience tremendous growth in contracts from both the government, public and private sectors.

     Government capital works (infrastructural development) expenditure rose from $20.5 billion in 2007-08 to the revised estimate of $49.6 billion in 2010-11. The estimated capital works expenditure for 2011-12 will reach over $58 billion.

 

Here are some of the projects in progress and interesting figures:

1.     The Hong Kong-Zhuhai-Macao Bridge - (HK$80 billion)

2.     Guangzhou-Shenzhen-Hong Kong Express Rail Link (Hong Kong Section) - (HK$63 billion) 

3.     Kai Tak Development Plan Stage 1

4.     Shatin to Central Link project - (HK$60 billion)

5.     West abd South Island Line - (HK$16 billion)

6.     Kwun Tong Line Extension - (HK$826.9 million)

7.     Liantang/Heung Yuen Wai Boundary Control Point

8.     Sewerage improvement works in Kowloon and the New Territories

9.     Redevelopment of Yan Chai Hospital - (HK$590.5 million)

10.  Construction of sports centre and library in Area 74, Tseung Kwan O - (HK$749.2 million)

11.  Re-development of the Hong Kong Sports Institute - (HK$1.8 billion)

12.  Construction of multi-purpose stadium complex at Kai Tak

13.  Public Rental Housing – 2011-2015 forecast production 75 000 flats

 

It is estimated that Government expenditure in the coming 5 years will reach HK$300 billion.

 

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