Secretary for Transport & Housing Prof Anthony Cheung says the Government has asked the MTR Corporation to submit a suspension of works plan for the Express Rail in two weeks.
Prof Cheung told a press briefing that the plan will outline the steps for carrying out the works suspension in case the Legislative Council Finance Committee cannot approve additional funding for the project by the end of March.
He added that the Government will be forced to suspend the project if it is assessed that there is no prospect of the committee approving the funding by the end of March.
There will be two committee meetings on March 11 and 18, while two more meetings for March 12 and 19 have been broached.
The Government is worried that the funding cannot be approved on time as there are usually no meetings during the Easter break, Prof Cheung said.
He noted that suspending the project will cost $233 million per month and would affect 7,000 workers, resulting in further delays and more claims being filed by contractors.
MTR to prepare for rail link suspension