'High-level Talks Secured Tunnel Toll Deal'

"); jQuery("#212 h3").html("

Related News Programmes

"); });

2019-01-19 HKT 11:22

Share this story

facebook

  • 'High-level talks secured tunnel toll deal'

The private-sector operator of the Western Harbour Tunnel needed top-level persuasion to agree to vary its tolls and is unlikely to accept further changes, Transport Secretary Frank Chan has revealed.

Speaking on a radio programme, Mr Chan said that Chief Executive Carrie Lam had to fly to Beijing for talks with top executives over the Western Harbour Tunnel before its operators agreed to reduce tolls, while fees at two other harbour crossings are increased.

Chan did not say who Lam met in Beijing, but major shareholders in the tunnel include Citic Limited, an offshoot of state-owned Citic Group.

Under the plan put together by the government, tolls for a private car at the Western Harbour Tunnel would be reduced by HK$20 to HK$50. Tolls at two other, government-operated crossings would be increased to HK$40. The hope is that it will reduce congestion, especially at the busiest and cheapest crossing, the Cross-Harbour Tunnel from Hung Hom to Causeway Bay.

Lawmakers will take an indicative vote on the plan on Wednesday, but both government-friendly and pan-democratic camps have criticised the scheme. Chan admitted the government faced "quite a challenge" to win Legislative Council support, but remained hopeful.

"What we are talking about is not just the rationalisation of toll fares," he said. "We are talking about the efficiency, the ease of transport infrastructure; it's not meant only for private cars, but for everyone in Hong Kong."

RECENT NEWS

OKI And Hitachi To Launch Joint Venture For ATM And Automated Equipment In October

OKI, Hitachi, and Hitachi Channel Solutions have announced that they have reached agreements to integrate their automat... Read more

The Race For Hong Kongs First Stablecoin Licenses Is Almost Over

I’ve been refreshing the Hong Kong Monetary Authority’s register of licensed stablecoin issuers frequently over the... Read more

HTF Securities And Alchemy Pay Expand Hong Kong Type 1 License For Virtual Assets

Alchemy Pay has announced that, in partnership with HTF Securities Limited, it has successfully expanded HTF Securities... Read more

Ping An Digital Bank Rebrands As Deposits Exceed HK$12 Billion

Ping An Digital Bank has introduced a new brand identity, aligning more closely with its parent, Ping An Insurance. The... Read more

Futus PantherTrade Launches Full-Scale Licensed Operations In Hong Kong

Futu has announced that its wholly-owned virtual asset trading platform, PantherTrade, has begun full-scale licensed op... Read more

Mastercard Enables AI Agent To Complete Live Ride-Booking Payment In South Korea

Mastercard has completed a live, authenticated agentic transaction in South Korea, marking a key development in AI-powe... Read more