The Finance Committee has endorsed the Government's proposal to upgrade the EcoPark project in Tuen Mun Area 38 to Category A at an estimated cost of $319.1 million.

The 20-hectare EcoPark will be equipped with essential facilities including an internal access road network, utilities, marine loading and unloading facilities, and an administration building.

By offering the necessary support infrastructure and security of tenure, it will encourage the industry to put more long-term investment in advanced and value-added environmental and recycling processes.

The Environmental Protection Department aims to make available the lots in Phase I for occupation by tenants by the end of this year. Phase II of the construction project is scheduled for completion by end-2009.