Govt To Speed Up MTR Expansion In New Territories
"); jQuery("#212 h3").html("

"); });
2019-10-16 HKT 15:17
The Chief Executive, Carrie Lam, said the government plans to fast track the construction of railway lines in the New Territories to facilitate housing developments in newer areas.
In her Policy Address, Lam said authorities will invite the MTR Corporation to commence detailed planning and design for the Tung Chung Line Extension, Tuen Mun South Extension and the Northern Link – which will connect the West Rail Line and the Lok Ma Chau Spur Line of the East Rail Line – in the coming year, in order to speed up construction.
The CE added that when traffic conditions allow, the government will also try and reduce the tolls at government-owned tunnels and control areas, to divert traffic and ease the burden on motorists and public transport operators.
Lam added that on top of the current six outlying island ferry routes that have been receiving special subsidies from the government, eight more outlying ferry routes will benefit from the scheme to ease the operating difficulties of ferry companies. The measure is expected to come with a price tag of HK$260 million a year.
In addition, the government said it will gradually replace the entire fleets of 11 ferry routes and introduce greener vessels from 2021 to enhance service quality and promote environmental protection.
HSBC Launches TradeCash In Hong Kong To Accelerate Trade Finance Access
HSBC has launched a digital trade finance tool called HSBC TradeCash, allowing businesses in Hong Kong to upload sales ... Read more
HKEX And HKMA Launch Pilot On E-HKD For After-Hours Margin Payments
Hong Kong Exchanges and Clearing Limited (HKEX) and the Hong Kong Monetary Authority (HKMA) have launched a joint pilot... Read more
Can You Trust AI Agents To Stay Within Your Intent?
Checking someone’s ID at the door of a nightclub tells you who they are, but it does not tell you how they will behav... Read more
China CITIC Bank Taps Tencent Cloud For Fintech 2.0 Banking Push In Hong Kong
Tencent Cloud has signed a strategic cooperation agreement with China CITIC Bank International (CNCBI) to support the d... Read more
Payful Launches Cloud-Based Visa Charge Card Programme Via BPC SmartVista
Chinese cross-border payment company Payful has launched a cloud-native Visa charge-card programme for corporate and me... Read more
Hong Kong Banking Taskforce Convenes To Plan Northern Metropolis Financing
The Northern Metropolis Financial Advisory Taskforce held its inaugural meeting on 17 June to discuss the financing nee... Read more