Delayed Hong Kong tunnel cost climbing

Costs are climbing for a new road tunnel connection in Hong Kong. After a reassessment on the Tseung Kwan O-Lam Tin tunnel (Tseung-Lam tunnel) development project, the project cost increased from US$1.05 billion to $1.92 billion. The expected completion time has also been delayed from 2020 to 2021. The 4.2km tunnel will feature two lanes. The project is intended to reduce traffic congestion in Tseung Kwan O area during peak hours. Hong Kong’s Transport and Housing Bureau hopes to obtain approval from the Fi
March 4, 2016 Read time: 1 min
Costs are climbing for a new road tunnel connection in Hong Kong. After a reassessment on the Tseung Kwan O-Lam Tin tunnel (Tseung-Lam tunnel) development project, the project cost increased from US$1.05 billion to $1.92 billion. The expected completion time has also been delayed from 2020 to 2021. The 4.2km tunnel will feature two lanes. The project is intended to reduce traffic congestion in Tseung Kwan O area during peak hours. Hong Kong’s Transport and Housing Bureau hopes to obtain approval from the Finance Committee to release the additional funds needed in the current legislative session.
Road Structures Finance & Funding

Related Content

  • Turkey is investing in new motorway and bridge projects
    May 29, 2013
    Turkey is benefiting from new motorway and bridge projects constructed along the BOT model - Gülay Malkoç. Looking at Turkey’s economic development, road construction plays a crucial role. The investment in Turkey is becoming increasingly attractive for both local and foreign investors. There are significant huge road investments and projects being made in Turkey at present, compared with EU countries where the roads need mostly repair and maintenance. According to the approach of Turkey’s Ministry of Trans
    Read More
  • New roads for Tanzania capital
    June 4, 2015
    The Tanzanian Government is planning to invest in transportation in capital Dar es Salam. Some US$1.92 billion will be invested in building new rods and developing a new public transit system. The aim of this plan is to cut congestion in the city, which has a population of 4 million and suffers extensive traffic delays at peak periods at present. New roads, bridges and flyovers are to be constructed as part of the plan.
    Read More
  • Tunnelling conference and competition
    September 23, 2019
    The annual tunnelling conference and competition is due to take place in Miami from the 18th-20th November in Miami, Florida. The competition features eight categories and aims to identify the most important ongoing underground works and technologies that help cities change and enable habits and ways of life to evolve in order to build smart and sustainable urba
    Read More
  • Key Colombia tunnel projects delayed
    September 21, 2018
    Construction work on Colombia’s two key tunnel projects is being delayed, with insufficient funding proving a major challenge. Both the Toyo Tunnel and La Linea Tunnel projects are behind schedule. In addition, the project to construct the Pumajero Bridge is also being delayed due to a lack of funds.Part of the problems is that the designs for these projects have been revised as construction work has progressed. However the additional funds to pay for the new design features added have not been fully
    Read More

Highlighted Content