Hong Kong unveils plan for 7 new railway projects
The cost is a whopping HK$110b.
The Hong Kong Government unveiled its Railway Development Strategy 2014 (RDS-2014).
According to a research note from Barclays, this provides a framework for further expansion of Hong Kong’s railway network up to 2031.
The report noted that the government recommends seven new railway projects be implemented on or before 2016.
Here's more from Barclays:
These include the Northern Link and Kwu Tung Station, The Tuen Mun South Extension, the East Kowloon Line, the Tung Chung West Extension, Hung Shui Kiu Station, the South Island Line (West) and the North Island Line.
Among these lines, the East Kowloon Line is a new proposal. The RDS-2014 did not recommend three projects that were previously consulted upon – the Hong Kong-Shenzhen Western Express Line, the coastal Railway between Tuen Mun and Tsuen Wan, and the Siu Sai Wan Line – due to insufficient economic and financial rationale.
The preliminary total costs are in the order of HK$110bn (in 2013 prices).
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