Yuen Long Bridge Funding Request Pushed Back
"); jQuery("#212 h3").html("

"); jQuery(document).ready(function() { jwplayer.key='EKOtdBrvhiKxeOU807UIF56TaHWapYjKnFiG7ipl3gw='; var playerInstance = jwplayer("jquery_jwplayer_1"); playerInstance.setup({ file: "http://newsstatic.rthk.hk/audios/mfile_1403640_1_20180626190617.mp3", skin: { url: location.href.split('/', 4).join('/') + '/jwplayer/skin/rthk/five.css', name: 'five' }, hlshtml: true, width: "100%", height: 30, wmode: 'transparent', primary: navigator.userAgent.indexOf("Trident")>-1 ? "flash" : "html5", events: { onPlay: function(event) { dcsMultiTrack('DCS.dcsuri', 'http://news.rthk.hk/rthk/en/component/k2/1403640-20180626.mp3', 'WT.ti', ' Audio at newsfeed', 'WT.cg_n', '#rthknews', 'WT.cg_s', 'Multimedia','WT.es','http://news.rthk.hk/rthk/en/component/k2/1403640-20180626.htm', 'DCS.dcsqry', '' ); } } }); }); });
2018-06-26 HKT 10:48
The government has pushed back a HK$1.7 billion funding request for a controversial elevated footbridge in Yuen Long on Legco's Finance Committee's agenda, saying it needs more time to reach a consensus with the community.
The item was not listed earlier in the day but reappeared in the afternoon as a part of the agenda for the committee's meetings on Friday and Saturday.
The proposal has come under heavy criticism from local and professional groups. They say the bridge is "extravagant and wasteful" and there is a much cheaper alternative.
Speaking ahead of the weekly Executive Council meeting, Acting Chief Executive Matthew Cheung said the government is not dropping the plan, just postponing it.
We are not talking about taking it out at all. The need for a footbridge in Yuen Long is not debatable. We all agreed, all agreed there is a need for a footbridge there to facilitate pedestrian flow, he said.
There is a difference of opinion between professional bodies and some local groups. We need to put our heads together and arrive at a consensus, the top official said.
Cheung said Highways Department officials will attend a Yuen Long District Council meeting on Tuesday to explain the plan.
______________________________
Last updated: 2018-06-26 HKT 13:51
Hong Kong Fund Industry May Double With Tokenised Finance And 24/7 Trading Access
Hong Kong could potentially double the size of its fund industry by moving from legacy infrastructure to token-based fi... Read more
HKMA Alerts Public To Scam Website And Login Screens Posing As Official Site
The Hong Kong Monetary Authority (HKMA) has issued a public alert regarding a fraudulent website and online login scree... Read more
Hong Kong Fintech Promotion Blueprint Indicates 4 Incoming Flagship Projects
The Hong Kong Monetary Authority (HKMA) released the Hong Kong Fintech Promotion Blueprint on 3 February 2025, which sh... Read more
Visa To Enable Cross-Border Payments To 95% Of UnionPay Cardholders In China
At Web Summit Qatar, Visa and UnionPay International (UPI) announced an agreement to enable cross-border money transfer... Read more
HKMA Launches Fintech Blueprint With AI, DLT, Quantum And Cybersecurity Focus
The Hong Kong Monetary Authority (HKMA) published a Fintech Promotion Blueprint to support responsible innovation and f... Read more
How Gaming Giants Are Redefining The Experience Of Paying
Gaming isn’t just a hobby; it’s a global infrastructure challenge. In this episode Vincent Fong (Chief Editor, Fint... Read more
