Hong Kong slashes costs for Northern Metropolis rail link by 28% to HK$86.2 billion

Hong Kong has cut the cost of its new Northern Metropolis rail link by 28 per cent to HK$86.2 billion (US$11 billion), after the government approved the funding for the project’s second phase, ahead of a planned launch by 2034. The Transport and Logistics Bureau and the MTR Corporation signed a project agreement on Tuesday covering the Northern Link, marking…