Hong Kong’s construction industry is gearing itself up for a boom as work on some of the “10 Major Infrastructure Projects,” announced by the Hong Kong Special Administrative Region (HKSAR) Chief Executive Donald Tsang in the 2007 Policy Address, finally begins. Construction Build-Up A number of the projects — such as the Airport Co-operation, Lok Ma Chau Loop, West Kowloon Cultural District and the development areas in the Northeast New Territories—are in various stages of study and “public engagement.” Other projects are under design or beginning construction. Detailed artwork has commenced on the 7-km-long SIL for Hong Kong’s MTR metro
The market is generally healthy and steadily growing, and margins are up for large specialty contractors. Further, advances in design tools and owner demand for collaboration are giving subcontractors a seat at the table early on in projects.