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Hong Kong's roadways market is a bustling network of construction, maintenance, and technology companies. With over 1,100 km of roads and highways, keeping this concrete jungle running smoothly is a big business. The market size is estimated at a whopping HK$30 billion annually, making it one of the most lucrative in the region.
The Hong Kong government plays a major role in this market, spending HK$4 billion to HK$5 billion on roadways procurement every year. This covers a wide range of products and services, from asphalt and traffic lights to bridge maintenance and tunnel inspections.
Products and Services
Construction and maintenance materials: Asphalt, concrete, paving stones, and road markings.
Traffic management systems: CCTV cameras, traffic lights, and intelligent transportation systems.
Bridge and tunnel maintenance: Inspection, repair, and rehabilitation services.
Roadside furniture and greenery: Bus shelters, benches, and landscaping.
Top Authorities
Several key authorities oversee Hong Kong's roadways procurement:
The Highways Department: The main player, responsible for planning, construction, and maintenance of major roads and highways.
The Transport Department: Manages traffic flow, public transportation, and road safety initiatives.
The Civil Engineering and Development Department: Handles infrastructure projects, including bridges and tunnels.
With so much money on the table, competition is fierce. Some of the top companies that have bagged major contracts in recent years include:
Arup: A leading engineering consultancy, involved in projects like the Central-Wan Chai Bypass and the Tuen Ng Tunnel.
AECOM: Another global engineering giant, responsible for the design and construction of the Kai Tak Cruise Terminal Approach Road.
Hyder Consulting: A UK-based firm with expertise in bridges and tunnels, working on the widening of the Kwai Tsing Container Terminal Access Road.
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