Hong Kong approves financial plan for Hung Shui Kiu station

It is expected to be completed in 2030.

The Hong Kong government has approved the financial plan for the Hung Shui Kiu (HSK) Station project by the MTR Corporation (MTRC).

MTRC was tapped by the Transport & Logistics Bureau to be responsible for HSK’s financing, design, construction, ownership, and maintenance.

The government said the capital cost estimate for the project is about $6.639b in September 2024 prices, adding that it will provide funding support to the MTRC to implement the project.

Moreover, the Executive Council approved granting the MTRC the property development rights of Planning Areas 28A and 28B of the Hung Shui Kiu/Ha Tsuen New Development Area (HSK/HT NDA) with an area of about 8.2 ha for residential and commercial development uses.

They have also deducted a total fixed lump sum of $9.850b in money-of-the-day prices from the full market value land premium of the sites assessed on a "with-railway" basis in the future as funding support to the MTRC to implement the project.

The HSK Station will be an intermediate station on the Tuen Ma Line between Tin Shui Wai Station and Siu Hong Station.

Currently, the journey between the HSK/HT NDA and Tin Shui Wai Station or Siu Hong Station takes about 20 to 25 minutes during peak hours.

Upon the commissioning of HSK Station, it is expected that the same journey by rail will only take about four minutes.

The construction is expected to commence this year and to be completed in 2030.

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