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Kai Tak site accident being probed

The Government expressed that it is highly concerned about an accident involving the collapse of a bamboo scaffold at a Kai Tak construction site today in which two workers were killed and three others injured.   A preliminarily investigation by the Buildings Department (BD) found that the scaffold, measuring about 15m by 8m, fell to the ground from the external wall on the 19th floor of a building under construction.   The BD said it will conduct a comprehensive investigation into the cause of the incident, including whether the scaffold, as temporary works, complied with the Buildings Ordinance and whether the registered contractor and any related persons have properly discharged their responsibilities.   It added that if anyone is found in contravention of the ordinance, it will take follow-up actions, including instigating prosecution and referring to the Contractors Disciplinary Board for disciplinary proceedings.   The Labour Department (LD) also launched an immed

Project financing committee meets

The Committee on the Financing of Major Development Projects, chaired by Financial Secretary Paul Chan, held its first meeting today to discuss its mode of operating, future work directions and work plan.

 

The Chief Executive announced the committee’s establishment in the 2023 Policy Address.

 

With the Financial Secretary and Deputy Financial Secretary as Chairman and Deputy Chairman, the committee’s membership includes the Secretary for Financial Services & the Treasury, the Secretary for Transport & Logistics and the Secretary for Development.

 

The committee will examine financing arrangements for major development projects and advise on investment and financing options, including assessing the feasibility of bringing in investors and leveraging market capital.

 

It will also thoroughly evaluate the impact of projects on government finances to protect the Government’s fiscal sustainability.

 

Noting that major development projects are important for promoting the long-term and sustainable development of Hong Kong, Mr Chan stressed that they involve significant funding requirements.

 

“We need to draw up appropriate financing arrangements for various projects and plan ahead to ensure that projects can be taken forward smoothly and in an orderly manner,” he said.


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