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

  • Breakthrough for Bosnia’s Vranduk Tunnel
    March 7, 2022
    The twin-tube Vranduk Tunnel is being built using the new Austrian tunnel method by Azerbaijan's Azvirt and Hering dd Siroki Brijeg contractors.
    Read More
  • Tunnelling underway for new London link
    September 9, 2022
    Tunnelling is underway for a new London road link.
    Read More
  • Construction deals are being signed for the Hong Kong-Zhuhai-Macau Bridge
    April 13, 2012
    Construction procurement agreements have been signed with the authorities handling the Hong Kong-Zhuhai-Macau Bridge project. The project is worth US$11.56 billion and is is designed to have a lifespan of 120 years. The 50km bridge is planned to open for traffic in 2016 and will connect Zhuhai in China’s Guangdong Province with Macau and Hong Kong. Wuchang Shipbuilding Industry and China Railway Shanhaiguan Bridge Group have signed contracts in connection with the project. The bridge is designed to be able
    Read More
  • EBRD funding for St Petersburg project?
    April 27, 2012
    The European Bank for Reconstruction and Development (EBRD) intends to provide a US$277 million (€200 million) loan to the Northern Capital Highway consortium, which will build the central 11.5km section of St Petersburg’s Western High Speed Diameter (WHSD) route. The EBRD’s board of directors has said will consider the loan on 14th February 2012. The finance package is of note as Russian road projects have largely found funds from other sources so far. The Northern Capital Highway consortium estimates the
    Read More

Highlighted Content