Kwun Tong Monorail Was Never Going To Work: Govt
"); jQuery("#212 h3").html("

"); });
2021-01-26 HKT 18:45
Secretary for Development Michael Wong on Tuesday defended the government's proposal to solve traffic congestion in Kwun Tong with elevated moving walkways, after giving up a plan to build a monorail system there due to construction difficulties.
During a Legco panel meeting, many lawmakers, including the DAB's Wilson Or and the FTU's Alice Mak, criticised the government for shelving the monorail proposal after years of study since the idea was floated in 2007.
But the minister said there were valid reasons for officials to take their time looking into the suggestion, and just because they were studying it, it didn't mean it was going to be viable.
"Now many conclusions were not immediately apparent. For example, for the Hoi Yuen Road monorail [station] we needed 21 metres in width of space, but we only had 18 metres. Could we come up with three more metres by reducing the space for fire services or for the monorail? It couldn't be," he said through an interpreter.
Wong added that the monorail system would cost at least HK$20 billion to build and would lose millions of dollars every year when it started operating.
He said the alternative plan would be a feasible "second best" option, saying the elevated moving walkways, cycle tracks, new bus routes and water taxi services would cut travelling times in Kwun Tong.
He added that if everything goes as planned, the whole project should be completed by 2028.
HSBC Launches TradeCash In Hong Kong To Accelerate Trade Finance Access
HSBC has launched a digital trade finance tool called HSBC TradeCash, allowing businesses in Hong Kong to upload sales ... Read more
HKEX And HKMA Launch Pilot On E-HKD For After-Hours Margin Payments
Hong Kong Exchanges and Clearing Limited (HKEX) and the Hong Kong Monetary Authority (HKMA) have launched a joint pilot... Read more
Can You Trust AI Agents To Stay Within Your Intent?
Checking someone’s ID at the door of a nightclub tells you who they are, but it does not tell you how they will behav... Read more
China CITIC Bank Taps Tencent Cloud For Fintech 2.0 Banking Push In Hong Kong
Tencent Cloud has signed a strategic cooperation agreement with China CITIC Bank International (CNCBI) to support the d... Read more
Payful Launches Cloud-Based Visa Charge Card Programme Via BPC SmartVista
Chinese cross-border payment company Payful has launched a cloud-native Visa charge-card programme for corporate and me... Read more
Hong Kong Banking Taskforce Convenes To Plan Northern Metropolis Financing
The Northern Metropolis Financial Advisory Taskforce held its inaugural meeting on 17 June to discuss the financing nee... Read more
