Hong Kong Approves Northern Link Financing: HK$86.2 Billion Budget, 28 Percent below Earlier Estimate
Hong Kong's Chief Executive in Council on November 10 approved the Part 2 financial arrangements for the Northern Link railway, putting the whole project on a budget of HK$86.2 billion and on course for a simultaneous opening of its Main Line and Spur Line by 2034 or earlier. The Hong Kong SAR Government said the revised construction estimate is 28 percent below the previous estimate, while combining the two lines brings the Spur Line's planned opening forward by two years.
Representatives of the Transport and Logistics Bureau and the MTR Corporation then signed the agreement covering the full project, witnessed by Secretary for Transport and Logistics Mable Chan and MTR's chairman. Part 2 has a verified estimated construction cost of HK$54.8 billion, following government scrutiny with assistance from an independent checking consultant, covering the remaining Main Line works, the Spur Line and associated railway facilities.
The Northern Link Main Line will run underground for 10.7 kilometres with five stations, linking Kam Sheung Road with Kwu Tung, while the Spur Line branches from San Tin to Huanggang Port in Shenzhen. The railway is a key project for the development of the Northern Metropolis.
(Source: Hong Kong Transport and Logistics Bureau)
Source: Hong Kong Transport and Logistics Bureau
Published by GSM · USA (original Chinese edition)
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