Innovation and Technology Infrastructure
96. Over 80 per cent of the areas in the two buildings under Stage 1 of the Science Park Expansion Programme has been occupied. As for the Data Technology Hub (DT Hub) in the Tseung Kwan O Industrial Estate, since its commencement of operation in the fourth quarter of last year, 16 enterprises have already set up offices there or signed tenancy agreements. Besides, quite a number of enterprises have expressed interest in setting up offices in the DT Hub. The InnoCell adjacent to the Science Park was completed at the end of last year, providing around 500 residential spaces with flexible design and facilities such as shared work spaces for the research personnel in the Science Park. Leasing activities will commence and a trial run will be held in the first half of this year.
97. The supply of R&D and working spaces in the Hong Kong Science Park and Cyberport falls short of demand. In the last two Budgets, resources were set aside for the Science Park expansion and Cyberport 5 development, which will respectively provide about 28 000 and 63 000 square metres of floor area mainly for R&D or operation of I&T enterprises.
98. We are also pressing ahead with the development of the Hong Kong-Shenzhen Innovation and Technology Park (the Park) in the Lok Ma Chau Loop. A provision of about $32.5 billion has been approved for the project. Works have already commenced. The first batch of facilities is expected to be completed in phases from 2024 to 2027, the economic contribution to Hong Kong of which is expected to reach $5.5 billion per annum, with about 4 800 jobs to be created. Upon full development, the Park will be the largest ever I&T platform in Hong Kong, providing a gross floor area of 1.2 million square metres, which is approximately three times that of the Science Park. Its economic contribution to Hong Kong is expected to reach $52 billion per annum, with about 52 000 jobs to be created.
99. On digital infrastructure, the coverage of 5G network in Hong Kong is now over 90 per cent. The subsidy scheme for expanding fibre-based network to villages in remote areas will be completed in phases from this year onwards. The Government will continue to support the development of 5G networks and applications; release more 5G spectrum in different frequency bands; facilitate the setting up of radio base stations by operators at suitable government venues and public facilities; assist in the relocation of the Tai Po satellite earth stations; and provide land at Chung Hom Kok Teleport for the development of infrastructure to connect with external telecommunications facilities.
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