Culture and Sports
As a cosmopolitan city, apart from increasing investment in education, Hong Kong must strive to enhance the quality of culture, arts and sports in the community. The Policy Address has announced that the Yau Ma Tei Theatre will be converted into a Cantonese opera centre to promote and preserve this local art. We have earmarked about $120 million for this project. The Home Affairs Bureau will also seek Legislative Council approval for a $21.6 billion upfront endowment for the West Kowloon Cultural District development. We will take forward these major cultural and arts infrastructure projects.
The Beijing Olympic Games to be held this year will draw the world’s attention to China. To highlight our commitment in supporting, promoting and participating in the Olympic Games, the Legislative Council has approved funding of $150 million to organise Olympic-related cultural, sports, community, celebration and promotional activities. The Policy Address has also announced that the recreational facilities managed by the Leisure and Cultural Services Department will be open for public use free of charge from July to September this year. We estimate that receipts from these facilities will decrease by about $100 million.