Advertisement

Cyber-Port starting point Sanjiu target

Reading Time:1 minute
Why you can trust SCMP
0

Sanjiu Enterprise Group, China's leading pharmaceutical maker, hopes to receive the same treatment for its proposed Chinese medicine centre in Hong Kong as that given to Pacific Century CyberWorks' Cyber-Port project.

The project called for an investment of HK$18 billion and 600,000 square metres of land, Sanjiu officials said.

The development of a medicine centre was first introduced by Chief Executive Tung Chee-hwa in his 1998 policy address, although a detailed plan has yet to be unveiled by the Government.

A Sanjiu spokesman said yesterday the centre should have the same 'starting point' over land-use rights as Cyber-Port, although he gave no details.

CyberWorks acquired the Cyber-Port land-use rights without a public tender or paying rent, he said.

Sanjiu president Zhao Xinxian said he was not worried that his company's proposed conditions would warrant the kind of controversy the Cyber-Port project generated.

Advertisement