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promotion of the rehabilitation of older buildings, the revitalisation of old districts and the preservation of buildings of historical, cultural or architectural interest.
The Government has put in place a financial support package for the URA to enable it to launch the urban renewal programme on a sound financial footing. In May 2002, the Executive Council approved in principle land grants at nominal premium for urban renewal sites. The Finance Committee of the Legislative Council also approved in June 2002 a commitment of $10 billion for equity injection into the URA in phases from 2002-03 to 2006-07. A total of $6 billion has been injected into the URA by year-end.
To facilitate the implementation of the urban renewal programme, the Housing, Planning and Lands Bureau keeps under close review the delivery of the programme in the annual examination of the URA's five-year Corporate Plan and annual Business Plan; provides the necessary support and policy guidance to the URA; monitors and facilitates the implementation of individual projects, including vetting development projects having regard to any objections raised under the statute; oversees land resumption and clearance exercises to be undertaken by the Lands Department; and will review the URS regularly to take account of the community's changing needs.
The Planning Department supports the operation of the URA from the planning. perspective so as to optimise the community benefits of URA projects and to ensure compliance with the statutory planning requirements. The department undertakes planning studies to assist in the formulation and review of the URS and has developed a comprehensive geographical information system to allow for the sharing of information on building conditions among various government departments for the purpose of drawing up and updating the rehabilitation and urban renewal programme. In addition, the department is involved in processing development schemes and master layout plans submitted by the URA for the Town Planning Board's consideration; and coordinating the provision of infrastructure, government, institution or community facilities and open space in URA projects.
The URA has made steady progress in taking forward a comprehensive urban renewal programme. By November, it has launched 17 redevelopment projects, six of which are carried out by the Hong Kong Housing Society (HKHS) under the URA/HKHS strategic partnership in urban renewal. The URA has also continued with its voluntary building rehabilitation schemes whereby material incentives, technical assistance, loan and grants are provided to owners of old buildings to encourage them to undertake maintenance. The URA is also planning and implementing a number of revitalisation projects including one outside Western Market to renew the environment and economic fabric of old districts.
Planning Studies
Studies completed by the Planning Department during the year included: South Lantau and Mui Wo Development Feasibility Study; 2003 Thematic Survey on Hong Kong Resident's Experience of and Aspirations for Living in the Mainland; and Survey on Hong Kong People Living and Working in the Pearl River Delta Region.