Permanent Secretary for Development (Works) Ricky Lau (left) and Permanent Secretary of the Ministry of Finance of Singapore Tan Ching Yee (right) signed a Memorandum of Understanding in Singapore on Dec 1 to enhance expertise and experience exchanges in infrastructure project management and delivery. (PHOTO / HKSAR GOVERNMENT)

HONG KONG – Hong Kong’s Development Bureau and Singapore’s finance ministry signed a memorandum of understanding on Thursday in Singapore to enhance expertise and experience exchanges in infrastructure project management and delivery.

Permanent Secretary for Development (Works) Ricky Lau and the Permanent Secretary of the Ministry of Finance of Singapore Tan Ching Yee signed the MoU on behalf of their sides.

The collaboration and exchanges between the two places would be conducive to the development of the construction industry, said Permanent Secretary for Development (Works) Ricky Lau 

Hong Kong and Singapore invested in infrastructure to generate long-term benefit for society, and shared similarities in the implementation of infrastructure projects, said Lau.

ALSO READ: HK, Singapore boost cooperation in energy-related matters

The collaboration and exchanges between the two places would be conducive to the development of the construction industry, he added.

The deal will strengthen the collaboration in raising the productivity and performance of the construction industries in the respective markets and transforming project delivery through adoption of digitization and innovative construction methods, as well as enhancing the leadership competency and project delivery capability of project leaders.

READ MORE: Singapore exchange takes on HK with dual-class shares

John Kwong, head of the Project Strategy and Governance Office of the Development Bureau, and Chia Ser Huei, executive director of the Centre for Public Project Management of the Ministry of Finance of Singapore, were also present at the event.