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

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

Related News Programmes

"); });

2019-04-27 HKT 10:21

Share this story

facebook

  • Sports Commissioner Yeung Tak-keung has stressed that the SAR's new Kai Tak Sports Park will be affordable for members of the public to use. Photo: RTHK

    Sports Commissioner Yeung Tak-keung has stressed that the SAR's new Kai Tak Sports Park will be affordable for members of the public to use. Photo: RTHK

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.

RECENT NEWS

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