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Research Note Details:
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Cyberport: Realisation of an IT Park through a Public-Private Partnership                                                                                                                                                                                                                
Product Ref: 05/260RN Company: HK SAR Government
Pacific Century Cyberworks Limited
Pacific Century Premium Developments

Product Type: Research Note Industry: Public Sector & Non-Profit
Real Estate

Related Product(s): N/A
As Hong Kong emerged from the Asian recession in March 1999, a landmark real estate development was announced. The US$2 billion development known as "Cyberport" was intended to create a strategic cluster of quality IT and IT-related companies that would help Hong Kong become the leading digital city within the region. To realize the project, a Public Private Partnership (PPP) agreement was signed between the government and a company led by Richard Li, son of Li Ka-Shing. This research note looks at the events leading up to the PPP agreement and evaluates the government¡¦s investment.
Functional Area : Economics & Business Policy
Finance & Investments

Issues: Public-Private partnership; Collusion between the government and big business; land valuation; Risk & Return
Length: 15 pages Country: Hong Kong SAR

Pub. Year: 2005 Level of Difficulty: 1
This product type is available in the following language(s):      English   Simplified Chinese
Related Information: N/A
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