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

  • Paraguay ‘needs about US$5bn’ to modernise transport infrastructure
    July 22, 2013
    According to consultancy firm Nippon Koei, Paraguay needs about US$5 billion to modernise all its local transport system over a period of ten years, encompassing roads, railway and air. Road projects worth $2.21 billion are currently being carried out using government funds. Remaining investments for road infrastructure have been calculated by Nippon Koei at $1.6 billion from Public-Private Partnerships, followed by $374 million from private funds, and public funds ($1.05 billion). About 15% of roads are in
    Read More
  • New study suggests Fehmarn Belt payback close to 50 years
    October 9, 2015
    A study by Danish consultant Hans Schjær-Jacobsen has shown that the payback period for the proposed Fehmarn Belt Fixed Link tunnel project between Denmark and Germany will be close to 50 years. This is a decade longer than estimated by the developers of the project which focusses on a 17km immersed tunnel, the study noted. The Fehmarn Belt Fixed Link will connect the German island of Fehmarn with the Danish island of Lolland. The 17km tunnel, including two railway tunnels, two motorway tunnels and an
    Read More
  • Russia’s most expensive road project to commence
    January 15, 2019
    Construction work is being planned for Russia’s most expensive road, which will be built in south of the country – Eugene Gerden reports Work is due to commence shortly on Russia’s most expensive road, in the south of the country. The highway will form part of the existing 1,600km Moscow-Sochi road, according to recent statements from senior officials at the Russian Ministry of Transport as well as local analysts. As part of the project, the Russian Government, together with private investors, plans to
    Read More
  • China State Construction secures Hong Kong tunnel works
    March 15, 2013
    A unit of China State Construction International Holdings (China State Construction) has signed a US$617.4 million (HKD 4.79bn) contract with the Highways Department of Hong Kong. The company will build a 150m long slip road tunnel beneath the Victoria Park Road and the northern area of Victoria Park. A 300m twin box tunnel section will also be built by China State Construction under the seabed of Causeway Bay Typhoon Shelter, as part of the 4.5km Central-Wan Chai Bypass development.
    Read More

Highlighted Content