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Artificial island study set

The Government today awarded a consultancy agreement for the study on the artificial islands in the Central Waters to Ove Arup & Partners Hong Kong with a contract value of about $220 million.   The Civil Engineering & Development Department said the agreement mainly comprises a detailed planning and engineering study for the 1,000-hectare artificial islands around Kau Yi Chau.   There will also be a feasibility study on the priority road link and the priority rail link connecting the artificial islands.   The study is scheduled to start tomorrow for completion within 42 months.   The artificial islands in the Central Waters is one of the initiatives to increase land supply under the Lantau Tomorrow Vision announced by the Chief Executive in her 2018 Policy Address.   The drive aims to alleviate the acute shortage of land in the medium-to-long run, and to meet Hong Kong’s long-term housing, social and economic development needs. http://dlvr.it/S1lyqs

April exports value up 24.4%

The value of Hong Kong's total goods exports increased to $384.9 billion in April, up 24.4% on the same month last year, the Census & Statistics Department announced today.   The value of imports of goods increased 25.2% to $416.7 billion for the same period.   A trade deficit of $31.8 billion, or 7.6% of the value of imports, was recorded for the month.   Comparing the three-month period ending April with the preceding three months on a seasonally adjusted basis, the value of exports rose 14.5%, while that of imports increased 8.6%.   The value of total merchandise trade for the first four months of the year was way higher than the previous high recorded in the same period in 2018, reflecting vibrant trading activities amid a sharp rebound in external demand, the Government said.   Looking ahead, the sustained revival of the global economy should continue to render support to Hong Kong's export performance in the near term.   However, the evolving pandemic situation and other risk factors such as China-US relations and geopolitical tensions still warrant attention, it added.
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