Hong Kong slashes costs for Northern Metropolis rail link by 28% to HK$86.2 billion

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Hong Kong has reduced the projected cost of the Northern Link rail project by 28% to HK$86.2 billion, with funding approved for its second phase. The government and MTR Corporation have signed an agreement to begin construction of the main and spur lines, with launch planned by 2034.

Hong Kong has cut the cost of its new Northern Metropolis rail link by 28 per cent to HK$86.2 billion (US$10.99 billion), after the government approved the funding for the project’s second phase, ahead of a planned launch by 2034. The Transport and Logistics Bureau and the MTR Corporation signed a project agreement on Tuesday covering the Northern Link, marking the start of construction for both its main and spur lines. The signing followed the green light from the Executive Council, the...