Govt Drops Tunnel Toll Motion Over Legco Revolt
"); jQuery("#212 h3").html("

"); });
2019-01-22 HKT 15:19
The government has dropped its plan to put a non-binding motion on a tunnel tolls adjustment scheme before Legco on Wednesday, despite initially saying the administration was determined to go through with it.
Secretary for Transport Frank Chan made the announcement on Tuesday afternoon.
Lawmakers across the political spectrum had objected to the government plan, which was to be implemented in 2020.
This is the second time in a month that Carrie Lam's administration has been forced to change ways after objections from Legco.
Earlier this month, changes being made to an elderly welfare scheme also attracted the wrath of lawmakers and the government was forced to announce a remedial measure to pacify the legislators.
Talking to RTHK earlier in the day, Chan had admitted that it was an "uphill task" for the government to get Legco's backing for the tunnel toll tweaks.
Th government wanted the HK$20 toll for private cars using the Cross Harbour Tunnel to be raised to HK$40, with the same new fee charged at the Eastern Harbour Crossing, rather than the current HK$25.
The HK$70 fee presently in place for car drivers at the Western Harbour Crossing was to come down to HK$50, in a bid to even out traffic between the tunnels and cut congestion.
Jean-Louis Tse Appointed CEO Of FinTech Association Of Hong Kong
The FinTech Association of Hong Kong (FTAHK) has appointed Jean-Louis Tse as its new CEO. Jean-Louis brings over 20 yea... Read more
XTransfer To Present Compliance And SME Solutions At Hong Kong Fintech Week
XTransfer will participate in Hong Kong Fintech Week 2025 as the event’s Official Fintech Partner. This marks the sec... Read more
Hang Seng E-HKD Pilots Reveal Gains In SME Cash Flow And Efficiency
Hang Seng Bank has completed two use cases in Phase 2 of the e-HKD Pilot Programme under the Hong Kong Monetary Authori... Read more
FundPark Raises US$71M After Surpassing US$6B In ECommerce Financing
FundPark, a Hong Kong-based technology company providing financing solutions for eCommerce businesses, has raised US$71... Read more
Hang Seng Bank Launches “JustPay” With Voice Recording Payment Feature
Hang Seng Bank has introduced “JustPay”, an industry-first payment experience featuring a voice recording function.... Read more
How To Build An AI First Bank | Malaysia Banking CxO Roundtable
AI is changing banking faster than ever, from how banks detect fraud to how customers interact with apps. In this round... Read more
