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Frank Chan: Tai Wai-Hung Hom Section Commissioning Targeted by End-21
Frank Chan, Secretary for Transport and Housing, said at the press conference that MTR CORPORATION (00066.HK) has submitted two holistic assessment reports regarding the Hung Hom Station Extension under the Shatin to Central Link (SCL) Project.
The corporation targets at commissioning for the section from Tai Wai to Hung Hom Station by end-21, while the target for the section between Hung Hom and Admiralty is subject to further assessment.
While MTR CORPORATION has issued a profit warning in relation to $2.0 billion provision for the consolidation work for Hung Hom Station, Chan disclosed that the corporation will take follow-up action with the contractor regarding the fees. It remains uncertain as to which party will finally undertake the relevant costs.
AAStocks Financial News
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