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Hong Kong to invite private sector to take part in infrastructure projects.

Asia Africa Intelligence Wire

| March 05, 2003 | COPYRIGHT 2003 Financial Times Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

(From BBC Monitoring International Reports)

(New China News Agency)

Hong Kong, 5 March: The Hong Kong Special Administrative Region (HKSAR) government will press on with projects that yield economic and social benefits to the community, said Financial Secretary Antony Leung in his 2003/2004 budget speech delivered Wednesday [5 March].

Leung announced that the average annual provision earmarked for infrastructure works is about 29bn HK dollars (3.7bn US dollars) over the next five years, similar to that for the past few years.

Meanwhile, the government will introduce a list of infrastructure projects for private sector participation …

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