Budget Speech

Building the Community

Building Safety

162.      Since the launch of the Operation Building Bright in 2009, we have provided financial assistance to the owners of over 1 900 old buildings. A large number of old buildings were repaired and nearly 16 000 employment opportunities created.

163.      In the second round of Operation Building Bright, we received more than 500 applications involving over 800 buildings. I propose to further allocate $1 billion for Operation Building Bright so that financial assistance will be made available to all eligible applicants. This proposal will mark a successful conclusion to this campaign. We forecast that the campaign will eventually provide financial assistance for the repair and maintenance of over 3 000 buildings aged 30 years or above and create more than 60 000 employment opportunities related to the construction industry.

Content | Next Page