Cash boost for trading fund agreed
LEGISLATORS are set to approve a $6.8 billion injection into the sewage charge trading fund today after throwing it out last Friday.
Government officials yesterday briefed members again on the details of the trading fund, which will finance the setting up of sewage collection, treatment and disposal systems.
The proceeds of the sewage charges, expected to begin in August, will also go to the fund.
The administration last week was forced to withdraw the funding proposal after members complained of insufficient information.
But members of the United Democrats and the Liberal Party said after yesterday's briefing that they would support it at today's Legislative Council Finance Committee meeting.
Secretary for Works James Blake promised Liberal Party member Peter Wong Hong-yuen to consider treating sewage with biological methods rather than chemicals.
To address legislators' concern over the monitoring of the fund, the Government promised to provide quarterly reports to Legco.
It also agreed to consult members before giving out contracts under the trading fund.