China

MTR signs contracts for new metro projects in Hong Kong

Hong Kong Metro operator MTR signed contracts with the Special Administrative Region government on 5th September 2023 to cover the financing, design, construction, operation, and maintenance of the proposed Kwu Tung Station on the East Rail Line and the Tuen Mun South Extension. Both projects are to be funded through MTR Corp's rail-plus-property model. Kwu Tung Station will be located between the existing Lok Ma Chau and Sheung Shui stations and is expected to be the main transport hub for the future Kwu Tung North New Development Area. It is scheduled for completion in 2027. The Tuen Mun South Extension will extend the western end of the Tuen Ma Line by 2.4 km and serve two new stations in Area 16 and Tuen Mun South near the ferry terminal. Completion is scheduled for 2030.