Travel information with destination guide in Cyberport by GuideRooms.com   

In its 1999 annual report, the Hong Kong government revealed its hope that the Cyberport would help local businesses capitalize on the rapid growth of the Internet. The Cyberport was intended as a place where the development of information technology and multimedia would be nurtured so that the demands of these industries could be met in the future. It was also hoped that this development would help the HKSAR's economy rebound after the East Asian financial crisis of 1997.

On 17 May 2000 the Government of the HKSAR signed an agreement with Hong Kong Cyberport Management Company Limited (HKCMCL). The agreement required PCCW to perform the role of developer, complete the project by the agreed deadline, and to carry the risks associated with construction, financing and default/completion.

According to the agreement, the Cyberport would be handed back to the HKSAR Government upon completion so that ownership and management rights would ultimately reside with the Government. A private company, Cyberport Management Company Limited, was set up by the Government to hold the title of the Cyberport and operate the Port.

The government's capital contribution to the project was the Residential Portion Land Value of the Cyberport, valued at $7.8 billion, which included an estimated cost of around $1 billion for infrastructure work. PCCW was responsible for the construction costs of both the Cyberport portion and the residential portion.

The development is located at a reclaimed bay - the Telegraph Bay or Kong Sin Wan - on the southwest side of Hong Kong Island, between Aberdeen and Pok Fu Lam, near Baguio Villa. It has a total area of 5.7 million square feet (530,000 m²), providing 27,000 m² of retail and entertainment space and a 173-room five-star hotel.

How to get there

Bus routes
Minibus

Car Park over 760 parking spaces for Cyberport tenants and visitors, offering parking on an hourly or monthly basis.