Corporate Plan




	The URA's strategic direction and work programme are embodied in its Five-year Corporate Plan and Annual Business Plan respectively. As required by the URA Ordinance, the plans are formulated within the framework set out in the Government's Urban Renewal Strategy issued in 2001. This is a complex exercise in prioritising the competing claims between past commitments and future expansion, the urgent need for slum clearance and the gradual rejuvenation of old districts, compulsory redevelopment and voluntary rehabilitation, limited financial resources and high public expectations. The Financial Secretary approved the URA's seventh Five-year Corporate Plan for 2008/09 to 2012/13 and the Annual Business Plan 2008/09 on 26th February 2008. The Corporate Plan covers a total of 69 redevelopment and preservation projects comprising:
	eight projects commenced by the former Land Development Corporation (LDC); 29 projects commenced by the URA since its establishment to the end of 2007/08; four projects scheduled to be launched in 2008/09; 20 projects to be launched between 2009/10 and 2012/13; and eight projects undertaken in association with the Hong Kong Housing Society, all of which have already commenced.
	The Corporate Plan and Business Plan also see the continuation of the URA's expanded rehabilitation strategy launched in 2004/05 comprising a Rehabilitation Materials Incentive Scheme, an interest free Rehabilitation Loan Scheme and a Hardship Grant Scheme. The various schemes are estimated to now cover well over 1000 buildings. Revitalisation initiatives to capitalise on and integrate other activities within many of the 18 Action Areas to achieve overall environmental, economic and social regeneration are also included in the Plans.

Last Update at : 17/04/2008