Browsing: Hong Kong

Public Works worth $1.75b awarded in October 2013

The government and related organisations awarded contracts for construction and building services work worth a total of HK$1.75 billion during October 2013, most of it railway related by value. Railway operator MTR Corporation (0066), which is


Read More
Construction receipts hit $250b in 2012

Increased costs slow growth in gross surplus At the risk of stating what by now must be the very obvious, newly released final statistics show the construction industry performed strongly in 2012, driven by sustained expenditure


Read More
Forecast funding requests to go before lawmakers

Public Works Subcommittee to be briefed on upcoming projects The construction industry can look forward to a raft of new work as the government briefs legislators on the forecast submissions for funding for its public works


Read More
Auditors blast Tamar project procurement

Little known government procurement rules used Government auditors have slammed the government for getting itself into a muddle over regulations governing negotiations with contractors on tender prices during procurement of the showcase Tamar development project in


Read More
Central-Wan Chai Bypass costs jump 28pc

Lawmakers to consider $7.93b extra funding to complete The government is to go back cap in hand to legislators for more funds, HK$7.93 billion to be exact, in order meet ballooning costs on the Central-Wan Chai


Read More
CEDD seeks views on Kowloon East light rail system

Stage 2 public consultation launched on feasibility study for EFLS The government has launched the next round of public consultation for its proposed light rail scheme for the Kai Tak Development and Kowloon East. The Civil


Read More
XRL project facing 339 claims

Total claim amount now tops $5.58b Contractors have continued to pile on the pressure at the troubled Express Rail Link project of the MTR Corporation (0066) with the number of unresolved claims and claim amount continuing


Read More
CIC signs mainland co-operation deal

Council to collaborate on training, safety, good practice More interaction on construction matters is on the way between Hong Kong and the mainland after the Construction Industry Council inked a groundbreaking agreement with its mainland counterpart.


Read More
Tysan share price surges 44pc in Q3

Foundation contractor bests HSI blue chips Construction stocks are often overlooked, in Hong Kong at least, given the unsexy image of construction in the eyes of investors who prefer more exciting fare such as telecoms, banks


Read More
The (market) price is right

The market sets property prices not construction costs The seemingly relentless climb in construction costs since 2010 has been a topic of much discussion for contractors and their employers, the property developers and government alike. Recently


Read More