Arcadis welcomes "The 2023-24 Budget" with clear direction and specific goals for Hong Kong's building capacity

HONG KONG,Feb. 23,2023 -- Arcadis,the leading design and consultancy organization for natural and built assets,welcomes proposals set out in "The 2023-24 Budget",to support people in need and sustain the impetus to economic recovery through high-quality development.

Responding,Francis Au,Greater China Growth Director said: "Arcadis welcomes the Government budget measures,with clear direction and specific goals for the development of Northern Metropolis and Kau Yi Chau Artificial Islands. We are pleased the HKSAR Government is supporting the extensive application of advanced technologies in Modern Methods of Construction (MMC) to improve certainty on budget,quality and delivery time of projects."

Develop Northern Metropolis and Kau Yi Chau Artificial Islands

The Northern Metropolis is an important base for promoting the development of livable spaces and supporting the Innovation and Technology industries,thereby facilitating high-quality economic co-operation between Hong Kong and the Greater Bay Area. In parallel,the Budget also outlined preliminary proposals on the scope of reclamation,land use,transport infrastructure networks and financial arrangements regarding the Kau Yi Chau artificial islands. Arcadis embraces the multi-pronged approach by HKSAR Government,which will compress major projects time by half,from more than 10 years in the previous plan. Hence,more land resources will be released for public and private developments to improve quality of life for Hong Kong citizens.

Application of Innovation and Technology in the Construction Industry

Arcadis has developed an advanced forecasting model to predict Hong Kong construction manpower in the coming five years. The model suggests there will be a shortage of around 40,000 skilled workers and 15,000 professionals,supervisors,and technicians. Enhancing training and recruitment while driving the adoption of advanced construction methods and new technologies should be prioritized to increase capacity. We are delighted the Government addressed these issues and planned HKD $75 million for conducting studies on establishing the Building Testing and Research Institute,constructing an advanced construction industry building,and strengthening the supply chain for Modular Integrated Construction (MiC).

Francis Au added: "By capitalizing on both our local and global expertise,we see opportunities to devise new standards,conduct testing and provide accreditation and related products to align with those in the international and China markets.

"In addition,innovative ideas for implementing large-scale infrastructure projects can deliver benefits on time and on budget. We should consider partnerships between customers,consultants,contractors and suppliers,such as early contractor and supplier involvement,as well as revenue sharing mechanisms in procurement strategies."

ABOUT ARCADIS

Arcadis is the leading global design & consultancy organization for natural and built assets. We maximize impact for our clients and the communities they serve by providing effective solutions through sustainable outcomes,focus and scale,and digitalization. We are 36,000 people,active in more than 70 countries that generate €4.2 billion in gross revenues. www.arcadis.com