Skip to main content

Featured

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

No fees for loan scheme

Banks participating in the 100% Personal Loan Guarantee Scheme will aid loan applicants without levying any application or handling fee, and borrowers should not make applications via a third party, HKMC Insurance said today.   It made the statement in response to a news report about some people claiming to help those who are unemployed make applications for the scheme using false instruments at a handling fee.   Participating banks will try their best to assist applicants, it said, adding that borrowers who pay any fees to a third party will suffer a direct financial loss.   The statement said banks reviewing loan applications will exercise professional expertise, judgement and care to conduct customer due diligence and verify borrowers' eligibility. HKMC Insurance will also conduct checks and strive to ensure approved applications meet the requirements.   Any suspected illicit behaviour such as producing false declarations or using false instruments will be reported to law enforcement agencies, it noted.   Call participating banks or the loan guarantee scheme hotline at 2536 0392 for enquiries.
http://dlvr.it/RzNlxF

Popular Posts