will put an additional investment of 40 million HK dollars (5.13 million U.S.
dollars) in sports development starting the new financial year, Hong Kong Chief Executive said Tuesday.
Speaking at the welcome home reception for the Hong Kong delegation to the 15th Doha Asian Games, Tsang said the government will also invest 30 million HK dollars (3.85 million U.
S. dollars) annually in training local athletes and promoting physical education in schools.
To upgrade the sports facilities, Hong Kong will rebuild the Sports Institute and plan to build a multi-functional gymnasium and an indoor cycling gymnasium of world level, Tsang said, adding that some 50 sports projects in different districts of Hong Kong will be carried out in the next five years.
He promised the government will do its best to host the Olympic equestrians games in 2008 and East Asian Games in 2009.
Hong Kong participated, for the first time, in the second Asian Games held in Manila in 1954. Since then, Hong Kong has taken part in every Asian Games.
For the 15th Asian Games held in Doha from Dec. 1 to 15, Hong Kong sent its largest-ever delegation comprising 281 athletes and 126 officials to compete in 30 sports events. It ranked 15th among 45 Asian countries and regions participating in the Games and won its largest-ever medal haul of six gold, 12 silver and 10 bronze.
President of Sports Federation Olympic Committee of Hong Kong China Timothy Fok was present at the welcome home reception.
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