Budget Speech

Heritage Conservation

167.      We have been promoting the conservation of historic buildings through a diversified approach. An example is the Revitalising Historic Buildings through Partnership Scheme in which historic buildings are conserved with government funding and adapted for re-use by non-profit making organisations. This has brought renewed vigour and new attractions to the community. In the past few years, I have allocated a total sum of $1.5 billion for the Scheme. So far, as many as ten conservation projects of historic buildings have been implemented under this model, and the total capital works commitment has exceeded $1.2 billion. I propose to earmark an additional
$500 million to subsidise more revitalisation projects of this kind.

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