Express Rail Link project needs $19.6 billion in funding needed to cover increased cost

Express Rail Link project needs $19.6 billion in funding needed to cover increased cost

Secretary for Transport & Housing Prof Anthony Cheung has urged the Legislative Council to approve the additional $19.6 billion in funding needed to cover the increased cost of the Guangzhou-Shenzhen-Hong Kong Express Rail Link project.

He told the media after attending a radio programme today that if the council does not approve the money by February work may have to stop and that will cause extra costs. A temporary suspension could cost at least $4.8 billion while a permanent suspension would cost much more.

On the co-location arrangement, Prof Cheung said the Government has been liaising with Mainland authorities but the issue is very complicated in both constitutional and legal terms.

“We have not only to make sure the ultimate arrangements are in conformity with the Basic Law and the spirit of ‘one country, two systems’, we have also to make sure the actual arrangements are really workable, are really convenient.”

 

Express Rail Link project needs $19.6 billion in funding needed to cover increased cost of Guangzhou-Shenzhen-Hong Kong Express Rail Link Project.

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