Source: Hong Kong Government special administrative region
DEVB invites market to submit expressions of interest for development of first Advanced Construction Industry Building
The spokesperson said that following the initial market sounding exercise conducted by the consultant, the Government is of the view that the project can be developed using the Build-Operate-Transfer (BOT) approach with a 30-year contract period to leverage market financing. Taking into account the required floor height, floor loading capacity and mode of operation of the building, and preliminary feedback from the industry, the Government expects the project to provide a two to four-storey building with a total floor area of around 30 000 to 60 000 square metres, and around 5 000 to 10 000 sq m of open space for loading/unloading and storage. The successful bidder will be responsible for constructing the building and operating the advanced manufacturing facilities related to the construction industry, including not less than 20 000 sq m of the floor area for steel rebar prefabrication yards and not less than 5 000 sq m of the floor area for MiMEP processing sites. Under the current plan, the developer is required to lease not less than 5 000 sq m of the floor area for industry use. Issued at HKT 16:57
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