The government has identified a site in the south of the planned Liantang/Heung Yuen Wai Boundary Control Point to develop into an industrial estate and a science park, Secretary for Development Michael Wong Wai-lun said.
In his blog on Sunday, Wong said the site, which covers an area of about 56 hectares (6 million square feet), can help bring out the development potential of the new checkpoint while stimulating the economy and creating more jobs in New Territories North.
Currently Hong Kong Science and Technology Parks Corp. (HKSTP) operates three industrial estates in Tai Po, Tseung Kwan O and Yuen Long and a science park in Tai Po.
But as industrial land continues to be in short supply, the government has been trying to develop more industrial estates to meet the high demand and encourage the development of more high added-value and technology industries.
HKSTP has commissioned a consultancy to conduct a study on the feasibility of building an industrial estate and a science park at the site with a report expected to be submitted in the second half of the year, the Hong Kong Economic Journal reported.
The government and HKSTP, based on the study, will then devise a development plan, including detailed designs, costing and timeframe for construction, Wong said.
The Liantang/Heung Yuen Wai Science park will be the second of its kind located near Shenzhen.
Hong Kong and Shenzhen reached an agreement in January to jointly develop an 87-hectare site in Lok Ma Chau into a technology park, although the first building of the project will not be completed until seven years later at the earliest.
Meanwhile, the Liantang/Heung Yuen Wai Boundary Control Point, which is the first checkpoint in Hong Kong to provide direct access for passengers and vehicles, is set to begin services by the end of 2018.
It is estimated that 30,000 passengers and 17,850 vehicles will pass the checkpoint per day.
Wong said the Lung Shan Tunnel, which is under construction, will serve as the main section of the connecting road to the new checkpoint, adding that traffic congestion in the North district will be significantly improved once the tunnel is completed.
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