Corrections & clarifications

PUBLISHED : Tuesday, 01 December, 2009, 12:00am
UPDATED : Thursday, 07 May, 2015, 3:17pm
 

Saturday's front page report 'ESF to impose HK$25,000 building levy' stated that ESF's chief executive Heather Du Quesnay said the levy would generate HK$300 million a year towards a building programme to replace ageing schools. In fact, she said it would generate HK$300 million, without specifying a time period. The ESF has explained that it will take seven years under the plan to produce a buildings fund of HK$300 million, which will be maintained at the same level thereafter and used to offset borrowing.

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Corrections & clarifications

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