Latest news with #CentralKowloonRoute
The Standard
10 hours ago
- Business
- The Standard
Customs arrests wedding company director over alleged fraudulent practices
Motorists to save $14 in fuel with new Central Kowloon Route as govt proposes tunnel toll hikes
The Standard
12 hours ago
- Business
- The Standard
Govt gazettes plans for East Kowloon Smart and Green Mass Transit System
Motorists to save $14 in fuel with new Central Kowloon Route as govt proposes tunnel toll hikes
RTHK
12-06-2025
- Business
- RTHK
'HK an ideal spot to raise funds for infrastructure'
'HK an ideal spot to raise funds for infrastructure' Finance chief Paul Chan says the SAR is moving fast to pioneer innovative financial models to attract more capital. Photo: RTHK Financial Secretary Paul Chan on Thursday said Hong Kong is well positioned to assist regions, especially those in the Global South, to raise funds to support large infrastructure projects. His remark came as the International Conference on Roads and Railways 2025 kicked off in Wan Chai, with some 30 speakers and panellists gathering to discuss the latest trends in the industry. Speaking at the event, Chan said the SAR is also moving fast to pioneer innovative financial models to attract more capital, such as the securitisation of infrastructure loans, a mechanism that transforms brownfield assets into investment products to support new greenfield projects. He noted that the city has already issued two such tranches totalling US$800 million to aid over 50 projects in the Middle East, Asia Pacific and Latin America, while its green bonds account for about half the total in Asia. "With a full suite of funding options, Hong Kong is where infrastructure projects from around the world could raise funds. This is particularly relevant for green and low-carbon infrastructure projects," he said. "In regions where the infrastructure funding gap remains urgent and significant, particularly in the Global South, Hong Kong offers practical and scalable ways to catalyse sustainable growth and accelerate the delivery of essential transport projects." Separately, the finance chief said the city is taking a lead in transit-oriented development (TOD), which refers to a planning approach that integrates high-density urban landscape with efficient public transport systems. Chan said the Northern Metropolis is a good example of TOD, with its Northern Metropolis Highway and the Northern Link set to drive housing and commercial services. He added that such an approach, if well-executed, can cut carbon emissions by up to 25 percent with the support of smart technology, such as EV charging networks and AI-optimised energy consumption. A site visit for conference participants will be organised on Saturday to showcase the city's featured road and railway projects, including the Central Kowloon Route and the Tung Chung Line Extension.
RTHK
02-06-2025
- Automotive
- RTHK
More car spaces 'key to easing Yau Tsim Mong woes'
More car spaces 'key to easing Yau Tsim Mong woes' The party says the additional parking spaces can be carved out from land allocated for the Central Kowloon Route project. Photo: RTHK The DAB is proposing that Yau Tsim Mong gets more than 200 additional parking spaces. The suggestion is made in light of the seriousness of illegal parking in the district, which accounts for one third of Hong Kong's parking tickets handed out by the Kowloon West police region last year. According to the Transport and Logistics Bureau in April, the amount collected from those tickets alone came in at more than HK$260 million. The party says that the main solution should be more parking spaces and better management of existing ones. "So our party argues that simply by increasing parking fees may not solve the underlying issue of insufficient supply," said a district council member Benjamin Choi. "The only long-term and constructive solution is to increase the number of parking the worsening traffic congestion problems can then be resolved." The DAB said the government can make use of part of the area allocated to the Central Kowloon Route project to build a smart underground car park as well as add more parking meters in the area. It also suggests greater promotion of available spaces through the app HKeMeter. For instance, there are spaces at West Kowloon Government Offices during non-office hours or around Kowloon Park that the DAB says do not get enough promotion. "We will follow up on our advice and also arrange meetings with government officials to see how we can push forward with our advice," Choi said.
