TLB Enhances Measures with Subsidy Cap of 2 Million for Smart, Green, and Sustainable Logistics Development

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.

Read More: https://bit.ly/3HGFGyW

Other News

  • All Post
  • Greater Bay Alliance
“Property + Logistics Technology” PLT Platform – (4) Asset Partners
February 15, 2024

Asset partners comprise capital investors and real estate providers with financial resources and physical logistics properties such as warehouses, logistics centers, and distribution centers. Both parties are driven by achieving long-term stable returns and asset appreciation, but they may need more experience in operating logistics assets.

“Property + Logistics Technology” PLT Platform – (3) Logistics Operations
February 6, 2024

With the increasing demand for online shopping, the logistics industry faces significant challenges and opportunities. To meet the growing needs, logistics operators must invest substantial funds in acquiring new logistics equipment, such as automation, intelligence, and digitization, to enhance operational efficiency and service levels. However, such investments can be a significant burden for many logistics operators.