TLB Enhances Measures with Subsidy Cap of 2 Million for Smart, Green, and Sustainable Logistics Development
- February 29, 2024
On February 1st, The Transport and Logistics Bureau (TLB) announced the implementation of optimization measures through the “Third-Party Logistics Service Provider Subsidy Pilot Scheme”. The aim is to support the upgrading and transformation of logistics enterprises and drive the development of smart, green, and sustainable logistics while seizing opportunities brought by cross-border e-commerce.
The optimization measures include increasing the subsidy cap to HKD 2 million and expanding the scope of subsidies to cover environmental, social, and governance (ESG) technology solutions and related application services, as well as project training related to technological applications.
The Transport and Logistics Bureau stated that these optimization measures are designed to provide more appropriate support for the digitalization and technological upgrading of the logistics industry and promote green and sustainable logistics development. Since its launch in 2020, the pilot scheme has already subsidized 227 projects, benefiting 192 enterprises. With the government’s active promotion of high-quality development in Hong Kong’s logistics sector, aiming for smart, modern, green, sustainable, international, and convenient logistics, Hong Kong is set to become a sustainable international smart logistics hub, focusing on high-value goods and e-commerce markets.
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