Drainage Services Department

SCA 2018 Project Owner (Public Sector) - Silver Award

Practices

The Harbour Area Treatment Scheme (HATS) is a deep-tunnel sewage conveyance and treatment scheme serving the urban areas around Victoria Harbour, with a design population of 5.7 million. It comprises two stages: 1 and 2A, consisting respectively of 23 and 21 km of sewage tunnels, at depths from 70 to 163 metres below mean sea level. The highly land-and energy-efficient Stonecutters Island Sewage Treatment Works provides chemically enhanced primary treatment and disinfection, and has a design capacity of 2.45 million m³ per day. Commissioning of the HATS has significantly raised the water quality of Victoria Harbour and revived the marine environment.

The Stonecutters Island Sewage Treatment Works – a chemically enhanced primary treatment plant serving the highest population in the world. Its treatment capacity is 2.45 million cubic metres per day, equivalent to the volume of about 1,000 standard swimming pools together. Commissioning of the Harbour Area Treatment Scheme has served to revive the water quality and the vitality of Victoria Harbour.

A deep shaft of the Sewage Conveyance System, which comprises a 21 km of tunnels located at depth of 70m to 163m below mean sea level. Sewage enters the tunnels via deep shafts at the various Preliminary Treatment Works for conveyance to the Stonecutters Island Sewage Treatment Works. These are the world’s deepest sewage tunnels.

Sedimentation tanks of the Stonecutters Island Sewage Treatment Works - The tanks adopt a space-saving, double-tray design which reduces land uptake significantly. With a footprint of only 10.6 ha, (about half of the size of Victoria Park), the highly efficient design allows the plant to serve a population of 5.7 million.

About the Model

The HKSAR Chief Executive had announced in the 2017 Policy Address to position Hong Kong as an Asia’s green finance hub for raising green capital. In view of the substantial GDP contributed by the construction sector annually, the construction industry has a high potential to meet the trend of green finance. Thus, there is a need to well define the green standard and system to facilitate the application of green finance in construction industry.

The Model aims to act as an interactive guide on environmental practices and advanced technologies for construction projects which is compatible with international green bond/loan principle. Green finance can mobilise capital for green and low carbon investments in the construction industry. Public owners, developers, contractors and suppliers could issue green financial instruments for funding their projects with reference to the guideline of this model.

Interactive guide to classify construction practices based on green finance principle

Interactive guide to classify construction practices based on green finance principles

User-friendly model for set up its own checklist and sustainability KPIs

User-friendly model for set up its own checklist and sustainability KPIs

Sustainable hub to share latest local and intentional solutions

Sustainable hub to share latest local and international solutions

Why the Industry Needs Green Finance?

  • Green finance providing benefits for assisting the transition from the ‘brown’ to the ‘green’ construction.
  • Green finance can mobilise capital for green and low carbon investments in the construction industry
  • Stakeholders can seek opportunities for long pay back initiatives and low interest rates when adopting advanced and innovative measures.
  • To encourage investors from the Mainland along the Belt and Road as well as international investors to arrange green financing through Hong Kong construction capital markets.

Components of Green Bond/Loan Principles

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Green bond/ loan proceeds are to be applied for environmental (or “green”) projects with an indicative list of eligible project categories. See the figure below for the 10 eligible Green Project Categories.

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Recommends issuers/ borrowers to disclose their overall green objectives, the process used to determine eligibility of green projects, and the process to manage environmental and social risks of these projects.

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The net proceeds of the Green Bond/ Loan, or an amount equal to these net proceeds, should be credited to a sub-account, moved to a sub-portfolio or otherwise tracked by the issuer/ borrower in an appropriate manner, and attested to by the issuer/ borrower in a formal internal process linked to the issuer’s/ borrower’s lending and investment operations for green projects.

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Recommends annual reporting of the amounts allocated and results of the eligible green projects.

Green Project Categories

Key Features

no. of sustainability measures compatible with international green bond and green loan principle
41
no. of sustainability measures compatible with international green bond and green loan principles
no. of stakeholders and green finance experts engaged
162
no. of stakeholders and green finance experts engaged
no. of pilot projects
30
no. of pilot projects

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