Source: Hong Kong Government special administrative region
LCQ12: Capital works expenditure
| About 5.1($billion)About 6.3Note 1: Subject to annual audit by the Audit Commission. Note 2: We do not have the estimate on the annual consultancy fees and remuneration of resident site staff. Based on past data, they generally account for about 2.7 per cent and 5.7 per cent of the total annual project expenditure respectively. (2) Based on the medium range forecast, the estimated capital works expenditure is about $120 billion per annum on average from the financial year 2025-2026 to 2029-2030. In the financial year 2025-26, the estimated capital works expenditure is $119.8 billion, of which the estimate on building projects and infrastructure/civil projects are about $61.9 billion and $57.9 billion respectively. The above estimates include consultancy fees accounting for about 2.7 per cent (about $3.2 billion) and remuneration of resident site staff accounting for about 5.7 per cent (about $6.8 billion). The annual estimates will be subsequently planned in the annual Budget taking into account factors including Hong Kong’s overall economic conditions, Government’s fiscal position, prioritisation of proposed capital works projects, progress of existing projects and overall resource allocation, etc. Hence, we are currently unable to specify the estimated expenditure for various project categories beyond the financial year 2025-26.Issued at HKT 16:35 NNNN |