Hong Kong spends more than HK$4 billion (or over US$500 million) a year on importing fresh water from China. This deal, between the Hong Kong Government and Guangdong Investment Ltd, is currently under renegotiation. Almost 80% of our city’s clean drinking water depends on it.
The issue has received scrutiny in both the news media and political circles, especially after Hong Kong legislators paid a visit in April to the Dongjiang, the river that supplies water to Hong Kong and seven other booming cities in the Pearl River Delta.
In May, Civic Exchange and the ADM Capital Foundation released a 120-page report that takes a deeper and broader look at the issue. “The Illusion of Plenty” points out that Hong Kong suffers from a water scarcity problem that is little known to the general public, partly because government-subsidized home water bills are relatively low. Meanwhile, much water is being lost in leaky government mains, and local consumption is high. There could also be more transparency on wastage in private water pipes, and water usage by private companies, particularly those that do not fall under the Hong Kong Exchange’s disclosure rules.
Evan Auyang, Civic Exchange’s chairman, will discuss how this complex issue is about far more than just the financial cost of water. He will also give recommendations on how to address the problem.
First 15-20 minutes is for networking
Sandwiches and beverages included
Hosted by the Environment