Latest news with #NorthernLink
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.
The Sun
29-05-2025
- Business
- The Sun
AECOM ‘On Track to the Future' at Asia Pacific Rail 2025 with Digital and Sustainable Rail Solutions
BANGKOK, THAILAND - Media OutReach Newswire - 28 May 2025 - AECOM, the world's trusted infrastructure consulting firm, is proud to participate as Gold Sponsor and Operators Lounge Sponsor at Asia Pacific Rail 2025. This premier industry event, held at BITEC, Bangkok from May 28-29, 2025, brings together visionaries and innovators to shape the future of rail transport. Ranked 1st in both the Transportation and Mass Transit and Rail categories by Engineering News-Record, AECOM will showcase innovative digital solutions and sustainable practices in delivering complex rail infrastructure projects. Leaders from our Transportation team will provide insights into green strategies, cross-border collaborations, and emerging technologies. Tim Wong, Technical Director & ESG and Sustainability Hub Lead in Hong Kong, will share how digital tools like AECOMzero and innovative construction materials are helping projects lower carbon emissions. C Kamalesen Chandrasekaran, Technical Director, will focus on the Johor Bahru-Singapore Rapid Transit System (Johor section), a model of international cooperation powered by digital transformation. Meanwhile, Wilson Wong, Associate Director, will discuss intermodal transportation with regional leaders and how this is helping overcome the last mile hurdle in many Asian cities. 'We are delighted to take part in Asia Pacific Rail 2025 as a sponsor and an active participant again, to showcase our world leading role in transportation infrastructure,' said Ian Chung, chief executive of AECOM's Asia region. 'It has been our mission at AECOM to deliver a better world, using the most innovative and digital solutions to serve our clients across Asia and advance sustainable rail infrastructure. We look forward to further collaborating with the industry to drive positive change for urban and regional transport in Asia Pacific.' Our team will be at Booth E39 to highlight our projects in Asia and beyond, including the Orange Line West in Bangkok, one of the largest rail projects in Thailand, and the Northern Link project in Hong Kong, a major transportation infrastructure for the development of the strategic Northern Metropolis. We will also showcase our work on the Strategic Study on Railways beyond 2030, charting Hong Kong's long-term transportation strategy, and the Smart and Green Mass Transit System for one of the city's new development areas. AECOM provides rail services through our Metro Hub in Malaysia and our multi-discipline transportation teams in Hong Kong and Singapore, delivering professional services throughout the project lifecycle. Learn more about our presence at the conference here. For more information about AECOM's rail capabilities and how we create sustainable legacies, please visit Delivering a better world through transit.
