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
Future Fintechs Hong Kong Subsidiary Seeks VASP And Asset Management Licenses
Future Fintech, a financial and digital technology services provider, announced that its wholly owned Hong Kong subsidi... Read more
Can Regulation Scale With Innovation? Inside The Stablecoin Plans Of HK And The U.S.
Back in 2022, stablecoins were still an emerging topic. Yet, they stirred enough flurry for the Hong Kong Monetary Auth... Read more
Cyberport Start-ups Forge Regional Fintech Ties At MyFintech Week 2025 In Malaysia
Cyberport led a delegation of its fintech start-ups to MyFintech Week 2025 (MyFW 2025), held in Kuala Lumpur from 4 to ... Read more
Hong Kongs Stablecoin Law Triggers Industry Concerns Over KYC Rules
Hong Kong’s newly implemented stablecoin law, in effect since 1 August, has sparked concern among some in the industr... Read more
Stopping Fraud At The Gate: The New Imperative For Registration & Transaction Monitoring
The Asia-Pacific fintech landscape is thriving, fueled by the rapid adoption of digital payments, online banking and al... Read more
Hong Kong Private Banks See 14% Growth, Hire 400 More Wealth Managers
Hong Kong’s private banking and wealth management sectors are poised for further growth in hiring and office expansio... Read more