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URA Response statement to the Policy Address

The Chairman of the Urban Renewal Authority, Mr Barry Cheung, today made the following remarks in response to the Policy Address of the Chief Executive of the HKSAR:

"The URA welcomes the policy directives on urban revitalisation announced by the Chief Executive in his Policy Address today. The initiatives will reinforce our continuing efforts to meet the changing aspirations of the community. We will now draw up detailed implementation plans for our board's approval. "

The URA is especially honoured to have been given the important responsibility of revitalising the historic Central Market.  A high proportion of the revitalised market will be designated as green, rest and leisure areas, turning it into a "Central Oasis" providing nearby office workers and the general public with a variety of relaxing activities amidst the hustle and bustle of Central. Given the deterioration of the building, the project will involve a significant capital outlay, but this investment will create a valuable asset for the community. We are determined to do everything we can to make this project a success, for the benefit of everyone in Hong Kong."