Hong Kong Minister: No Subsidies Needed for Pak Shek Kok MTR Station

No public subsidies needed for Pak Shek Kok MTR station: Hong Kong minister

No government subsidies will be needed to build the long-awaited Pak Shek Kok station on the East Rail line, Hong Kong’s minister has said, after authorities agreed to grant the MTR Corporation development rights at two sites. Secretary for Development Bernadette Linn Hon-ho said on Saturday that the “rail-plus-property” model would fully cover construction costs, even though a detailed estimate had yet to be finalised. “We are still awaiting the MTR Corp’s detailed design and cost estimates,...

By Cannix Yau