Infrastructure Development

Hong Kong invests heavily in its infrastructure to boost connectivity locally and globally, and the city ranked third globally for quality of infrastructure in the World Economic Forum’s Global Competitiveness Report 2019. Demonstrating its continued commitment to infrastructure development, the 2022/23 budget allocated HK$84.1 billion in capital works (around 10.4 percent of the budget total) towards building an even better infrastructure for Hong Kong.

While the Hong Kong-Zhuhai-Macao Bridge and Express Rail Link from Hong Kong to Shenzhen and Guangzhou have significantly reduced journey times to key cities in the region, new road projects will make it easier to get around Hong Kong. Scheduled for completion in 2026, Route 6 will run from Yau Ma Tei in Kowloon to Tseung Kwan O in the New Territories, while the 1.8km-long Cross Bay Link bridge in Tseung Kwan O crossing Junk Bay is finished in 2022.

The expansion of Hong Kong International Airport, meanwhile, will not only include a three-way runway system but also an integrated development SKYCITY, which will comprise retail, dining, hotels, and entertainment facilities. Work will be completed in phases from now until 2027.

Hong Kong’s iconic Victoria Harbour is also being revamped, with a 2km offshore boardwalk underneath the Island Eastern Corridor launching in 2025. The promenade along Victoria Harbour is also set to be extended by 2028, which will provide an additional 35 hectares of open space.