Construction contract in Kai Tak West signed for $6.24b

It will build an underwater tunnel in Kowloon Bay to slash travelling time during peak hours.

The Highways Department signed a contract for works in Kai Tak West worth $6.24b as part of the Central Kowloon Route project with the aim of slashing travel times during peak hours between Yau Ma Tei and Kowloon Bay to five minutes, according to a government press release.

The works include the construction of an underwater tunnel in Kowloon Bay, a tunnel in Ma Tau Kok, a depressed road and an underpass in the Kai Tak Development.

The contract also includes the construction of a 160-metre-long and 40-metre-wide waterfront promenade at the Kowloon City Ferry Pier Public Transport Interchange.

The Central Kowloon Route, which is slated for completion in 2025, is a 4.7km-long three-lane trunk road stretching from the Kai Tak Development and Kowloon Bay to Yau Ma Tei Interchange.
 

Join Hong Kong Business community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Top News

Property sales fell by almost 21% in June
Over 6,290 sale and purchase deals for all units were received for registration.
High-street shop vacancy rises to 16.5% in Q2 22
Amongst core districts, Tsim Sha Tsui had the biggest vacancy rate.   High-street shop vacancy rose 1.3 percentage points from Q122 to hit 16.5% in Q2 22, data from CBRE showed.   The increase in vacancy was likely due to some landlords, who are under limited financial pressure, opting to leave units vacant rather than renting them out.   This practice was most evident in Tsim Sha Tsui and Mong Kok where vacancy rates were the highest, at 23.2% and 18.9%, respectively.   Whilst vacancy rose during the quarter, rents remained flat. According to CBRE, rents were unchanged from Q122 because “cash-rich landlords with strong holding power prevented some units from transacting at lower rents this quarter.”   In addition to rents being unchanged, leasing volume also increased in Q2, signalling an improvement in the retail property sector.   “Improved retailer sentiment underpinned an increase in transaction volume, although many deals signed this quarter involved short-term leases,” CBRE commented.