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Press Release
Funding for EcoPark development approved
The Finance Committee today (March 24) endorsed a Government proposal to upgrade the EcoPark project in Tuen Mun Area 38 to Category A at an estimated cost of $319.1 million.
"The 20-hectare EcoPark is a key element of Hong Kong's waste management strategy to promote local recycling of waste materials," a spokesman for the Environmental Protection Department said.
"The timely completion of the project is instrumental to jumpstarting a circular economy in the Government's efforts to tackle the urgent and serious waste problem in Hong Kong" he said.
"By offering the necessary support infrastructure and security of tenure, it will encourage the industry to put more long-term investment in advanced and value-added environmental and recycling processes," he said.
The 20-hectare EcoPark will be equipped with essential facilities including an internal access road network, utilities, marine loading and unloading facilities, and an administration building.
"We aim to make available the lots in Phase I for occupation by tenants by the end of 2006. Phase II of the construction project is scheduled for completion by end -2009," the spokesman said.
Meanwhile, the Environmental Protection Department is inviting organisations interested in setting up recycling and environmental businesses in the EcoPark to submit Expressions of Interest.
Relevant documents and information are available at the dedicated website for EcoPark at http://www.epd.gov.hk/epd/ecopark.
End/Friday, March 24, 2006
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