HK Budget – 2010 Capital Expenditure Estimated at $49.6b

Hong Kong – The estimated capital works expenditure for 2010-11 will increase to $49.6 billion, from $45.1 billion in 2009-10, Financial Secretary John Tsang said.

Major public works projects include a cruise terminal, continuing work on the Hong Kong-Zhuhai-Macau Bridge, Parks, Habour enhancement schemes and a Indoor Velodrome-cum-Sport Centre in Tseung Kwan O.

“I estimate that the capital works expenditure for each of the next few years will be at an all-time high of over $50 billion,”
Tsang said.