Legco Approves Additional HK$10bn For Shatin Link

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

Related News Programmes

"); });

2020-06-12 HKT 21:28

Share this story

facebook

  • The funding application was passed by 30 votes to 21. Photo: RTHK

    The funding application was passed by 30 votes to 21. Photo: RTHK

Legislators on Friday approved an additional HK$10 billion in funding for the troubled Shatin-to-Central rail link, after pro-government councillors voted down all motions by their rivals.

The chair of Legco's Finance Committee, Chan Kin-por stopped legislators from asking more questions from 4 pm, saying they were repetitive and the item had been discussed for a long time.

At the end, the funding application was passed - with 30 votes for, and 21 against.

The first phase of the new rail link, between Tai Wai and Kai Tak, was opened in February, while the remaining section to Hung Hum is expected to open next year.

The cross-harbour section, meanwhile, is slated for service in 2022.

RECENT NEWS

Anthea Raises US$22M For ETH-Denominated Life Insurance Launch

Anthea Holding, a global crypto-fintech group offering life insurance products denominated in cryptocurrencies through ... Read more

Weixin Reports 21% Rise In Cross-Border Payments As Holiday Travel Rebounds

Visa-free access to destinations such as Malaysia, Singapore, South Korea, and Thailand helped boost spending by Chines... Read more

HSBC Proposes To Take Hang Seng Bank Private With HK$155 Per Share Offer

HSBC announced that it, together with its wholly owned subsidiary, The Hongkong and Shanghai Banking Corporation Limite... Read more

Who Owns Their Digital Identity, Owns The Future

Everywhere you look today, identity is the real currency. Whether you’re opening a bank account or applying for gover... Read more

Banking After Hours: Do Digital Banks Tackle Fraud Differently?

Fraud and scams are on the rise in Southeast Asia, from job scams and forced scam centers to deepfake impersonations an... Read more

Asia Insurance Goes Live With CoverGos Digital Health Insurance Platform

Asia Insurance, a general insurer in Hong Kong and Macau, has gone live with CoverGo’s next-generation, end-to-end he... Read more