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| HONG KONG | <Search <Archives <eBulletin Next> | ||
September 20, 2024 Hung Shui Kiu Station to commence construction this year The HKSAR government approved the financial arrangements for the Hung Shui Kiu (HSK) Station project on September 17. Subsequently, the Transport & Logistics Bureau has signed with the MTR Corporation (MTRC) the project agreement for HSK Station, construction of which is expected to commence this year for completion in 2030. The government said it has been working closely with the MTRC in taking forward the planning and design of HSK Station, and will continue to support and co-ordinate the construction and commissioning of the project. The project is implemented under an ownership approach and the MTRC will be responsible for the financing, design, construction, operation and maintenance.
The government said the capital cost estimate for the project is about $6.639 billion in September 2024 prices, adding that it will provide funding support to the MTRC in order to implement the project.
The government also approved granting the MTRC the property development rights of Planning Areas 28A and 28B of the Hung Shui Kiu/Ha Tsuen New Development Area (HSK/HT NDA) with an area of about 8.2 hectares, for residential and commercial development uses, and deducting a total fixed lump sum of $9.850 billion in money-of-the-day prices from the full market value land premium of the sites assessed on a "with-railway" basis in the future as funding support to the MTRC to implement the project.
 (HKSARG)
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