Gammon Construction Limited

SCA 2018 Contractor in New Works - Gold Award

The Tuen Mun-Chek Lap Kok Link - Southern Connection Viaduct Section includes the design and construction of a dual two-lane sea viaduct of approximately 1.6 km long between the Hong Kong-Zhuhai-Macao Bridge Hong Kong Boundary Crossing Facilities and North Lantau. It also includes construction of nine approach viaducts and other associated works including slope improvement, environmental protection and mitigation measures.

The project team has adopted innovative green designs such as precast pile cap shells and responsible procurement, thus significantly reduced embodied carbon, ecological impacts, and waste generation, whilst saving cost and time.

Tree Management

In order to preserve existing trees within the site boundary as much as possible, an additional tree survey was executed. An incense tree was found within the site boundary and therefore we have carried out low-profile protection, including diversion of a pathway and set-up of a tree protection zone. Other trees that are affected by the operation would be transplanted to the on-site nursery area according to the health status of the trees accessed by our in-house arborist.

Marine Pile Cap Construction using Match Cast Precast Shell Modules

Traditional methods used for the construction of marine pile caps are time consuming and costly, cause marine ecological impacts and have high energy demands due to water pumping. Precast pile cap shells greatly mitigate these shortcomings, by maximising the advantages of offsite construction, combining expertise from many disciplines, such as pre-cast concrete, fabricated steelwork, heavy lifting and marine engineering. Significant benefits have been realised, by the provision of a safer method of working with less environmental impacts.

Renovation of Pak Mong Watch Tower

The Tower has been listed as a Grade 2 Historic Building in 2009 by Antiquities and Monuments Office. Unfortunately, it had fallen into a state of disrepair. The volunteers worked with the village representatives to address and repair the tower facilities such as electrical safety, ladders, handrail, floor etc.

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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