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Budget Speech

Green City

I·PARK

205. I·PARK1, Hong Kong's first waste‑to‑energy facility for treating municipal solid waste (MSW), has gradually commenced operation since the end of last year.  Upon full operation, the facility can process 3 000 tonnes of MSW per day and export over 400 million kilowatt‑hours of electricity to the power grid per year, which is sufficient to power 100 000 households.  With the development of the planned I·PARK2, Hong Kong is progressing steadily towards the target of zero landfill and carbon neutrality.

Waste Reduction and Recycling

206. Starting from the next financial year, the Government will earmark resources for launching a five‑year plan to enhance and upgrade recycling infrastructure in three areas: first, expanding the recycling network by gradually transforming GREEN@COMMUNITY into round‑the‑clock self‑service recycling facilities; second, extracting valuable materials from waste and turning them into raw materials for making green products through the use of technology; and third, building a smart recycling network logistics system to enhance its cost‑effectiveness and efficiency.

Electric Vehicles

207. We will continue promoting the use of electric vehicles (EVs).  The first registration tax (FRT) for electric commercial vehicles, electric motorcycles and electric motor tricycles will continue to be waived in full until end-March 2028.  Given the maturity of technology, ample supply, more choices of vehicle models and reduced prices, the current FRT concession arrangement for electric private cars will not be extended beyond its expiry at the end of March this year.  The Environment and Ecology Bureau will announce the details in due course.

Sustainable Development of Agriculture and Fisheries Industries

208. We are sustaining our efforts in taking forward the Blueprint for the Sustainable Development of Agriculture and Fisheries.  For the fisheries sector, the modernised marine fish culture farms at Wong Chuk Kok Hoi and Mirs Bay new fish culture zones have commenced operation.  R&D of fish fry and development of processing facilities for local fisheries products will continue to be supported by the Sustainable Fisheries Development Fund.  For the agriculture sector, we will select an operator in the first half of this year to construct and operate the first multi‑storey, environmentally‑friendly pig farm in Lo Wu.

 

 

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