New Bypass To Face Acid Test: Frank Chan
"); jQuery("#212 h3").html("

"); });
2019-02-24 HKT 14:09
The Central-Wanchai Bypass is off to a smooth start as the final section opened at 7am on Sunday, but motorists have been warned that the real test will come at rush hour.
Transport Secretary Frank Chan said the government will be keeping an eye on the situation to step in - if need be - when the bypass has to deal with rush hour traffic.
He called on motorists to pay attention to the traffic news, saying people need time to familiarise themselves with the road conditions and the signage.
One driver told RTHK he's happy with the road signs on the bypass, but he's still worried that there may be chaos during rush hours on weekdays.
After the partial opening of the bypass on January 20, some motorists complained of being delayed in the tunnel for half an hour during peak traffic because of a bottleneck at the exit in Central.
The 4.5-kilometre link is made up of a flyover in Central, and a 3.7 kilometre tunnel and is intended to ease congestion between North Point and Central, particularly on Gloucester Road, Harcourt Road and Connaught Road Central.
The HK$36 billion project has taken 10 years to complete, after being dogged by delays and cost overruns. It was originally slated to be fully operational in 2017.
Last updated: 2019-02-24 HKT 23:31
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