Policy Address

40.         The HKIA will reach its full capacity in the next few years.  There is an urgent need to construct a third runway to maintain our position as an aviation hub as well as our competitiveness.  Planning work is being taken forward at full speed with a view to commissioning the third runway by 2023.  The airport’s North Commercial District, a large area of about ten hectares, has tremendous development potential and economic value.  The Airport Authority Hong Kong is pressing ahead with the comprehensive and full development of the district.

41.         The Government will explore ways to further develop the eastern waters off Lantau Island and neighbouring areas, with a view to developing an East Lantau Metropolis for accommodating new population.  It will become a core business district in addition to Central and Kowloon East for promoting economic development and providing job opportunities.

42.         To prepare the economic and social development strategy for Lantau Island, I have decided to establish a Lantau Development Advisory Committee.  The Secretary for Development, in collaboration with relevant bureaux, will solicit proposals through the Committee to capitalise on the benefits brought by major infrastructure projects in the area and the synergy between Hong Kong and the PRD, while striking a balance between development and conservation.

Enhancing Co-operation with the Pearl River Delta

43.         The Government will play an active role in the development of the PRD, support the establishment of a free trade zone in Guangdong and work with the province and various municipalities towards mutual success.

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