Choi to seek additional funding for university towns
Secretary for Education Christine Choi said on Friday that her bureau would seek additional funding for the development of university towns at the Northern Metropolis. In an interview with a local news outlet, she said universities would require much more funding from the financial secretary than the HK$10 billion loan set aside for them to build campuses there. However, she also pointed out that…
Education Secretary Christine Choi announced plans on Friday to seek extra funding for the development of university towns in Hong Kong's Northern Metropolis. Choi explained to a local news outlet that universities would require more funding than the HK$10 billion loan set aside for building campuses in these towns. She emphasized the need to prioritize public funding allocations, given limited resources.
Choi assured that the development of university towns in San Tin, Hung Shui Kiu, and Ta Kwu Ling would occur in phases, preventing heavy debt accumulation. The government has been accepting applications for the Hung Shui Kiu University Town, spanning 26 hectares, since September. Choi urged institutions not to rush to compete for the sites, as they constitute less than 10 percent of the overall 300-hectare project area.
Choi expressed confidence that leading universities from outside the Special Administrative Region would collaborate with local institutions, considering their finances and geopolitical context. She highlighted Hong Kong's international and diverse nature, globally renowned university reputation, ability to attract top talent, and unique policies and legal system. Choi also noted that Hong Kong's presence would complement university towns on the mainland.
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Also reported by 1 other outlet
- Choi to seek additional funding for university towns news.rthk.hk
