SHKP manager tells court of shock at theme park setback
A senior executive of SHKP was "shocked" to learn in 2005 that plans for a theme park on Ma Wan island might not be approved by the government even though the Town Planning Board had given them the nod two years earlier.
A senior executive of Sun Hung Kai Properties was "shocked" to learn in 2005 that plans for a theme park on Ma Wan Island might not be approved by the government even though the Town Planning Board had given them the nod two years earlier, the Court of First Instance heard yesterday.
Asked by barrister Clare Montgomery QC if SHKP had "eyes and ears" in the government at the time, he said: "Certainly not. Had I had such eyes and ears I would have known how to proceed with the project."
Montgomery was questioning Lu on behalf of SHKP co-chairman Thomas Kwok Ping-kwong, who is charged with his brother and fellow co-chairman Raymond Kwok Ping-luen, Hui and two others in the high-profile corruption trial.
Lu also said SHKP had planned the theme park, adjacent to its Park Island development, to be a Disney-like park with rides but changed its mind when it learned of plans for Hong Kong Disneyland. It decided to make the park one that included elements of education, fun and environmental conservation.
Lu said the cost of building the park would be covered by part of the land premium the government had received from SHKP for the residential-commercial project.
Montgomery said that by the end of last year, SHKP had spent HK$826 million in reimbursable expenses and HK$19.94 million that could not be reimbursed on building the park.