Hong Kong authorities have saved about HK$190 billion (US$24.4 billion) in costs from more than 540 public works projects over the past nine years, according to a top official who also pledged to further advance construction innovation.
Deputy Financial Secretary Michael Wong Wai-lun said on Friday that the city had improved its performance in lowering construction costs, as Hong Kong’s position in the Arcadis International Construction Costs report dropped from third in 2020 to 10th this…