Kai Tak Facility Won't Be Out Of Public's Reach

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

"); });
2019-04-27 HKT 10:21
Sports Commissioner Yeung Tak-keung has expressed confidence that the future Kai Tak Sports Park would not go over budget, and that it could finish in 2023 as scheduled.
Yeung noted the contractor will face a daily fine of HK$4.3 million if the project is not completed on time.
The 28-hectare mega sports park, with an estimated construction cost of HK$30 billion, will house a main stadium that can accommodate 50,000 spectators for football and rugby matches, as well as other events like concerts.
It also has an indoor sports centre.
Yeung added that there are mechanisms to make sure sports facilities will be accessible to the public, as future operators will be required to make sure people can book them at affordable prices.
The Chief Executive, Carrie Lam has said the completion of the Kai Tak project will help the SAR host more major international events. Currently, it relies heavily on the Hong Kong Stadium.
TOPPAN Edge Becomes Japans First Qualified VLEI Issuer
The Global Legal Entity Identifier Foundation (GLEIF) has announced TOPPAN Edge, a subsidiary of TOPPAN Holdings that p... Read more
SFC And Dubais DFSA Partner On Cross-Border Regulatory Cooperation
The Dubai Financial Services Authority (DFSA), the independent regulator of the Dubai International Financial Centre (D... Read more
Toss To Launch Finance Super-App In Australia, Plans Won-Based Stablecoin
South Korea’s fintech unicorn Toss is preparing to launch its finance super-app in Australia before the end of this y... Read more
China Funds Research On Stablecoins And Cross-Border Oversight
China’s largest government-backed research funder has begun accepting applications for studies on stablecoins and the... Read more
XTransfer, CZBank Shanghai Branch Form Cross-Border Finance Partnership
XTransfer has entered into a partnership with the Shanghai branch of China Zheshang Bank (CZBank). The agreement was si... Read more
Brinc Launches VentureVerse Through Acquisition Of OG Club
Brinc, a Hong Kong-based venture acceleration and corporate innovation firm, has acquired OG Club, a decentralised auto... Read more