Hong Kong slashes costs for Northern Metropolis rail link by 28% to HK$86.2 billion
Hong Kong has cut the cost of its new Northern Metropolis rail link by 28 per cent to HK$86.2 billion (US$10.99 billion), after the government approved the funding for the project’s second phase, ahead of a planned launch by 2034. The Transport and Logistics Bureau and the MTR Corporation signed a project agreement on Tuesday covering the Northern Link, marking the start of construction for both…
The Hong Kong government has reduced the cost of the Northern Metropolis rail link by 28%, bringing the total cost to HK$86.2 billion (US$10.99 billion). This reduction was achieved through a series of cost-saving initiatives, including the adoption of new Hong Kong Railway Standards and the establishment of a dedicated Railway Checking Unit, which expedited construction and lowered building-plan approval times.
The project, which includes both main and spur lines, is expected to open by 2034, with both sections launching together. The new link will provide strategic railway services for both local commuting and cross-border travel, with the 10.7km main line featuring five stations and the 6km spur line connecting San Tin with Huanggang Port.
The government has also approved development rights for eight sites under the rail-plus-property model.
Brief written by urgent.news from South China Morning Post - Hong Kong's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
