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[Budget]HK plans Construction Innovation & Technology Fund

  The Financial Secretary Chan Mo-po, Paul said in
the 2018-19 Budget Speech that he proposes to set up a HK$1 billion Construction 
Innovation and Technology Fund to boost the capacities of enterprises and practitioners in
the construction industry to adopt new technology, and support the industry to harness 
innovative technology.
  Eligible contractors, registered sub-contractors and consultants can apply for financial
support from the Fund to acquire the software and hardware as well as to nurture the 
expertise required for using local and overseas innovative construction technologies, such
as building information modelling, steel reinforcing bar products produced in local
prefabrication yards and Modular Integrated Construction when carrying out construction
projects. The fund will also support students and practitioners of the construction
industry to receive training on innovative construction technologies.

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