Kai Tak Sports Park Won't Open On Time: Sports Chief
"); jQuery("#212 h3").html("

"); });
2022-06-21 HKT 12:42
The Commissioner for Sports, Yeung Tak-keung, on Tuesday confirmed that two of the three main venues at the long-awaited Kai Tak Sports Park won't open on time next year.
Yeung blamed the Covid pandemic for the delays, saying suppliers had faced difficulties in shipping construction materials to the territory.
"We have ordered many construction materials, such as steel and other component parts, but the shipment dates kept changing. Some suppliers were unable to provide the materials and [we] had to find other suppliers," he said.
The delays will affect the park's indoor sports centre and the main stadium that will seat 50,000 people. They are now expected to be completed in mid and late 2024 respectively.
Meanwhile, the smaller public sports ground, which will have room for 5,000 spectators, is expected to open on schedule next year.
Yeung said he expects the overall project to stay within its HK$30 billion budget. He added that the contractor won't be penalised for the delay, as no one could have foreseen the Covid pandemic when the contract was signed in 2019.
Asked if the delays will affect Hong Kong co-hosting the National Games with Guangdong and Macau in 2025, Yeung said there should still be sufficient time to test and prepare the venues before the games.
Sports sector lawmaker Kenneth Fok said while the delays are understandable, he hopes the completion dates won’t be pushed back any further.
He added that he hopes the Kai Tak Sports Park can open in phases so that facilities that are ready for use can be made available to members of the public as soon as possible.
Circle CEO Says China Could Launch Yuan Stablecoin In 3 To 5 Years As Trade Grows
Circle CEO Jeremy Allaire predicts that China could roll out a yuan stablecoin within three to five years to expand the... Read more
Naver IPO Timeline Set As Dunamu Merger Targets Nasdaq Debut
Preparations for a Naver IPO are underway following an agreement between Naver Financial and cryptocurrency exchange op... Read more
TransUnion Urges Lenders To Rethink Credit Risk For Gig Workers In Hong Kong
TransUnion is urging lenders to update their risk assessment models, revealing that gig workers in Hong Kong exhibit st... Read more
Citi And Endowus Roll Out HK$4,000 Wealth-Linked Credit Card Campaign
Citi and digital wealth platform Endowus have launched a joint credit card promotion in Hong Kong, expanding the Citi E... Read more
Aspire Secures SFC License In Hong Kong To Launch SME Yield Product
Singapore-headquartered fintech Aspire has secured three financial licenses from the Securities and Futures Commission ... Read more
Why Stablecoins May Become The Backbone Of 24/7 Global Trade
Stablecoin transaction volumes surged 72% in 2025, reaching a record US$33 trillion and signalling growing institutiona... Read more