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.
SBI Holdings To Acquire Bitbank In US$289M Crypto Expansion
SBI Holdings has agreed to acquire Japanese crypto exchange Bitbank in a deal valued at approximately US$289 million, w... Read more
4 Ways Hong Kong Banks Fight Financial Crime Using AI, According To HKMA
The Hong Kong Monetary Authority (HKMA) wants banks to use AI in financial crime as a way to counter cyberattacks and s... Read more
Ripple Launches RLUSD Stablecoin In Japan Through SBI Group
Ripple has launched its US dollar-denominated stablecoin, Ripple USD, in the Japanese market. The expansion follows reg... Read more
SBI And Startale Launch Trust Bank-Backed Yen Stablecoin JPYSC In Japan
SBI Group has introduced its trust based stablecoin JPYSC in partnership with Singapore-based fintech company Startale ... Read more
Visa Study: Digital Wallets Lead Greater Bay Area Payment Preferences
Visa has released its latest Consumer Payment Attitudes Study, highlighting how payment seamlessness is linked to a shi... Read more
European And South Korean Banks Form Project Pangea For FX Settlement
Chainlink, South Korean infrastructure provider FairSquareLab, the Unified Korea Alliance (UniKA), and European stablec... Read more
