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
Share this story
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
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