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URA supports URS Review

The Urban Renewal Authority (URA) welcomed the announcement of the review of the Urban Renewal Strategy (URS) by the Financial Secretary when he delivered the 2008-2009 Budget Speech in the Legislative Council today (Wednesday).

Being a key facilitator of urban regeneration in Hong Kong, the URA considered the timing of such a review as appropriate amid the ever-changing social sentiments and community expectations about urban renewal initiatives.

"We will work closely with the Government and the stakeholders will be consulted in the review process to look into key issues, challenges and the way forward for urban renewal in Hong Kong.  An internal working group of the Authority has been set up to give full support to the administration in the upcoming review," a spokesperson for the URA said.

"We sincerely hope that the public and all stakeholders will actively participate in the process so that their voice can be heard and their views be understood," the spokesperson added.