Thread Rating:
  • 0 Vote(s) - 0 Average
  • 1
  • 2
  • 3
  • 4
  • 5
[Hong Kong] Express Rail Link opening pushed back to 2018
#1
Express Rail Link opening pushed back to 2018
From: International Railway Journal
By: Kevin Smith
Date: 03/07/15

MTR says the Express Rail Link project to construct a high-speed line from West Kowloon in Hong Kong to the Chinese border and Shenzhen is expected to exceed its budget by 30%, or $HK 20bn ($US 2.58bn), and the opening will be further delayed until the third quarter of 2018.

MTR's CEO Mr Leong Kwok-Kuen delivered this verdict in the company's latest assessment report of the project, which is part of the Guangzhou - Shenzhen - Hong Kong high-speed line, to the Hong Kong SAR government on July 1.

"There are three reasons behind the overspending," Kwok-Kuen says. "First, the construction period is longer than scheduled; second, it includes unplanned costs such as extra projects caused by geological conditions that we did not expect; third, the construction costs have been increased, including both manpower costs and costs for materials."

[Read More]
Reply


Possibly Related Threads...
Thread Author Replies Views Last Post
  Hong Kong’s Central MTR station plunged into darkness by blackout A380Lover 0 1,975 07 June 2016, 10:37 PM
Last Post: A380Lover
  Dog on track disrupts services on Hong Kong's MTR A380Lover 0 1,656 31 May 2016, 10:40 PM
Last Post: A380Lover
  Possible morning delays on Hong Kong MTR as tests begin A380Lover 0 1,721 12 May 2016, 06:40 PM
Last Post: A380Lover
  Hong Kong rail fares set to rise again A380Lover 3 2,414 20 April 2016, 11:00 PM
Last Post: A380Lover
  China, Japan jostle for lead role in Singapore-KL rail project A380Lover 0 1,968 12 April 2016, 09:16 AM
Last Post: A380Lover
  ‘Ugliest piece of public transport infrastructure in Hong Kong’: district councillors A380Lover 0 1,747 05 April 2016, 08:54 AM
Last Post: A380Lover
  2 reported dead as Amtrak train derailment halts US northeast rail travel A380Lover 0 1,728 04 April 2016, 11:35 AM
Last Post: A380Lover
  MTR told to plan for suspension of Hong Kong-Guangzhou high speed rail link project C151 - 061/062 5 3,745 25 March 2016, 12:57 PM
Last Post: A380Lover
  The Suburbs Are Fighting Back Against the MTA's New Transit Plan A380Lover 0 1,691 24 March 2016, 01:04 AM
Last Post: A380Lover
  Cheaper MTR tickets on horizon after Hong Kong officials ask for revised fare formula A380Lover 0 1,364 23 March 2016, 12:20 PM
Last Post: A380Lover

Forum Jump:


Users browsing this thread: 1 Guest(s)