[Financial Budget] Under the new crown epidemic, freight and logistics maintain the normal operation of Hong Kong, but the implementation of many new development area projects will involve existing logistics brownfields.
The Budget announced today (23rd) mentioned that the Development Bureau will sell the first logistics multi-storey industrial building by public tender next year. The source revealed that the land in question is located in Hung Shui Qiao, covering an area of 37 hectares, but whether the terms of the land grant will be related to logistics There are no details on operation and rental requirements.
Focus on logistics and auto repair industry
The Budget pointed out that after the government commissioned a consulting firm to conduct a survey on investment intentions, the initial preference was to identify sites in Hung Shui Kiu and Yuen Long to develop brownfield operators with logistics and vehicle maintenance industries as the backbone, compatible with other suitable uses and affected by land resumption. The multi-storey industrial building will sell the first related land through public bidding next year.
According to the source, the land is located in Hung Shui Qiao, covering an area of 37 hectares, but there is no further information on the terms of the land sale, operation methods, rent requirements, etc.
However, the source said that the government will continue to look for sites for third-party logistics use. In the future, there will be Tuen Mun and Hung Shui Kiu new development areas. The logistics site for Kwai Chung Container Terminal mentioned in the past is expected to be tendered soon this year. It is mentioned that most of the New Territories suitable for logistics development are private land, and there are not many land that can be planned for permanent use.
Promote the development of "smart ports" with "half-price" profits tax
In addition to land freight, the Budget also focuses on air and shipping. Last year's policy address proposed that the AA would set up an upstream "Hong Kong International Airport Logistics Park" in Dongguan and an "Airside Sea-Air Freight Terminal" at the Hong Kong Airport. , According to the news, it is planned to pack the goods from the Mainland Greater Bay Area in Dongguan, which is upstream, and then go to the wharf along the coast. The Airport Authority has piloted the pilot plan at the end of last year.
The budget also mentioned the promotion of "smart ports", and proposed to provide half-tax concessions to relevant shipping industry business leaders to attract more shipping companies to settle in Hong Kong. The source pointed out that the current profits tax of 16.5% can be reduced by half to 8.25%. The government is expected to submit legislative amendment proposals to the Legislative Council on the half-tax concession in the first half of this year.
Local passenger traffic was also greatly affected by the government's tightening of restrictions on gatherings. Sources said that the latest digital passenger volume of various public transport operators fell by half.
The bus operation was hampered, and NWFB and Citybus issued an internal notice earlier, stating that without government funding, the fare income would not be enough to pay salaries.
According to sources, NWFB and Citybus have expressed to the government the amount of money lost each month, and will maintain communication with various bus companies. They pointed out that the Anti-epidemic Fund 6.0 also covers franchised buses. It is hoped that the bus companies can increase revenue and reduce expenditure, such as selling body advertisements, etc. Government funding may not be healthy, and other directions have been explored, but they are not mature enough.
The increase in bus fares in the city’s epidemic last year attracted a backlash from the community. The Secretary for Transport and Housing, Chen Fan, once pointed out that the bus fare mechanism could be adjusted, and the MTR’s increase or decrease mechanism will also be reviewed next year. Only relying on price adjustment and improvement, I hope to optimize the network and non-ticketing revenue, and there is no information to disclose on the MTR fares.
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