Exco approves new rail
projects <!-- headline-->
01-12-2010
<!-- content -->The Executive Council has approved
two major railway projects that will extend the MTR network to
Aberdeen, Ho Man Tin, Hung Hom and Whampoa.
The estimated cost of the new South Island Line, and the Kwun
Tong Line Extension, is expected to total about $18 billion - 60
percent higher than the railway's original estimates. Details are
being finalised and construction is due to start next year, with
the expected completion date set for 2015.
The new South Island Line will connect Admiralty Station with
South Horizons, in Aberdeen. New stops will be built at Ocean Park,
Wong Chuk Hang, and Lei Tung Estate, with the entire journey taking
about 10 minutes compared with up to 45 minutes on the road at
present during rush hour.
Across the Harbour, the existing Kwun Tong Line will be extended
from Yau Ma Tei, to Ho Man Tin and Whampoa, enabling residents
there to cut travel times from up to 25 minutes, to just five.
The MTRC's latest cost estimates for both lines combined total
up to $18.2 billion, but final adjustments in the design of the
project could push costs up further. This compares with an original
estimate - in 2007 - of $11.2 billion. The adjustment is being
attributed to a surge in construction costs.
Sites have been reserved for the MTRC to build residential
developments on both lines, and a Government spokesman said the
administration would carefully scrutinize the railway's development
proposals to ensure that funding support is 'fair and
reasonable.'