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

  • Faroe Islands to have two new subsea tunnels by 2024
    April 17, 2014
    The Faroe Islands will have two new toll-financed subsea tunnels by 2024 after the Løgting parliament approved the Islands’ biggest ever public construction project. One of the tunnels, Eysturoyartunnelen, will connect the islands of Eysturoy and Streymoy, and the other, Sandoyartunnelen, will connect islands of Streymoy and Sandoy. The estimated cost of the tunnels are €140.63 million (DKK 1.05 billion) and €115.18 million (DKK 860 million) respectively.
    Read More
  • Philippines infrastructure projects - funding plans
    June 19, 2020
    Funding plans are being set out for key infrastructure projects in the Philippines.
    Read More
  • Belgium considering tolling to pay for roads and tunnels
    January 27, 2016
    Belgium is considering tolling options as a mean to fund necessary road and tunnel developments and upgrades. The Brussels region is expected to spend between €500 million and €1 billion in order to update a series of key tunnel connections, with tolling being considered to raise a part of the funds required. A toll could be applied for the Léopold II tunnel during peak hours. According to Belgian consultancy company Stratec, traffic congestion could be reduced in Brussels by implementing an area charge dur
    Read More
  • New Zealand highway proposed
    June 15, 2021
    A potentially controversial tolled highway project has been proposed for New Zealand's South Island.
    Read More

Highlighted Content