The Financial Secretary proposed to set up a HK$1 billion Construction Innovation and Technology Fund (CITF) to boost the capacities of enterprises and practitioners in the construction industry. The Development Bureau of the Hong Kong Special Administrative Region Government (DEVB) commissioned the Construction Industry Council (CIC) to be the implementation partner.

The CITF is established to encourage wider adoption of innovative constructive methods and new technologies in the construction industry with a view to promoting productivity, uplifting built quality, improving site safety and enhancing environmental performance. The CITF is dedicated to:

  • A

    Encourage wider adoption of innovative construction methods and technology in the construction industry (in short, technology adoption), and

  • B

    Build up the capacity of industry practitioners (ranging from skilled workers to professionals ) and tertiary students of construction-related disciplines to build an innovative culture and foster the mind-set to espouse new technology for the continuous improvement of the industry (in short, manpower development).