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Northern Metropolis to streamline land approval process from 9 to 2 months: sources
New legislation intended to align with newly unveiled 15th national five-year plan and speed up megaproject development
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Hong Kong’s Northern Metropolis megaproject near the border with mainland China will adopt laws to streamline land approval procedures from nine to two months in a move to speed up its development, the South China Morning Post has learned.
Sources said that details of the dedicated legislation for the Northern Metropolis would be announced on Tuesday, with a major highlight being the shortening of land-use approval procedures.
These measures align with the newly unveiled 15th national five-year plan, emphasising the city’s role as an international financial hub. The blueprint highlights the city’s role in strengthening offshore renminbi business, bolstering supply chain services and accelerating the Northern Metropolis megaproject.
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