MTR Corporation chief executive Jeny Yeung said the quality and safety standards of the Northern Link line that it is building will not be compromised despite a significantly reduced cost forecast. Her remarks came after the government gave the green light to the second phase of the project this week, revealing that the entire railway link is expected to cost about HK$86.2 billion - around 28 percent lower than initial estimates as a result of a shortened construction period and cost-saving measures. Speaking on a television programme aired on Saturday, Yeung also said the rail operator was not concerned about the project going over budget. "We shall work very hard to control costs when working on the project," she said. "In addition, we will also utilise more technology and, in the process, use as much innovative thinking as possible. "Like I just said, we shall jointly build part one and part two of the railway link, and the approach will also benefit from innovative thinking." Yeung added that the Northern Link would likely adopt equipment aligned with mainland railway standards to enable greater procurement flexibility, following the promulgation of the Hong Kong Railway Standards in February, which for the first time systematically...
Read full articleDrones are banned, security cameras bristle at intersections and some residents have been asked to vacate their homes as the southern Chinese city of Shenzhen counts down to the Apec meetings. Thousands of government officials, journalists, tourists and entrepreneurs are expected to descend on the city next week for the Asia-Pacific Economic Cooperation forum, where President Xi Jinping will hold talks with Donald Trump and Vladimir Putin as he chairs the 33rd Apec Economic Leaders’ Meeting from...
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Hong Kong Disneyland Resort has reported to police the theft of 17,000 ticket QR codes from its online ticketing system and suspended sales through its website, the South China Morning Post has learned. A source said on Saturday that an IT worker at the amusement park on Lantau Island had detected anomalies in the resort’s computer system, only to discover the QR code theft. Police have classified the case as access to a computer with a criminal or dishonest intent, and the Lantau district crime...
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China and South Korea have agreed to use next week’s Asia-Pacific Economic Cooperation summit in Shenzhen to advance bilateral ties, according to their top diplomats. The pledge by Chinese Foreign Minister Wang Yi and his South Korean counterpart Cho Hyun after talks in Beijing on Friday comes as Seoul seeks Beijing’s help to revive stalled dialogue with Pyongyang. The Apec Economic Leaders’ Meeting from November 18 to 19 is expected to mark the third summit talks between South Korean President...
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