Policy Address

Establish a Framework on the Financing of Major Development Projects

37. The Government is taking forward a number of major development projects, including the Northern Metropolis and the Kau Yi Chau Artificial Islands. The projects will bring about substantial economic and social benefits, but they also require significant funding. The Government will establish the Committee on the Financing of Major Development Projects, led by the Financial Secretary, and the Office for the Financing of Major Development Projects to advise on feasible investment and financing options, taking advantage of market capital and efficiency. The two bodies will assess the feasibility of bringing in private investors for these projects, and thoroughly evaluate their financial viability to ensure the Government's fiscal sustainability.

Invest in the GBA

38. The Hong Kong Investment Corporation Limited is considering using the GBA Investment Fund, under its management, to set up a joint investment fund with the Guangdong Provincial Government and other institutions or corporations to invest in the GBA projects with social and economic benefits.