Funding the Northern Metropolis will be a big test for Paul Chan
Hong Kong's Financial Secretary Paul Chan faces a significant challenge in financing and developing the Northern Metropolis, a large-scale economic and housing hub in the New Territories. This project is considered crucial for Hong Kong's future growth, requiring substantial investment and careful planning.
The Northern Metropolis project, encompassing 30,000 hectares, is expected to cost hundreds of billions of Hong Kong dollars, with initial phases focusing on site formation and basic infrastructure. Chan plans to issue bonds to finance the development, reasoning that the long-term benefits justify distributing the costs across generations. The key question remains how to repay these loans, given the initial investment in infrastructure.
via SCMP Full Text Feed
Hong Kong's Financial Secretary Paul Chan faces a significant challenge in financing and developing the Northern Metropolis, a large-scale economic and housing hub in the New Territories. This project is considered crucial for Hong Kong's future growth, requiring substantial investment and careful planning.
The Northern Metropolis project, encompassing 30,000 hectares, is expected to cost hundreds of billions of Hong Kong dollars, with initial phases focusing on site formation and basic infrastructure. Chan plans to issue bonds to finance the development, reasoning that the long-term benefits justify distributing the costs across generations. The key question remains how to repay these loans, given the initial investment in infrastructure.
via SCMP Full Text Feed
