Hong Kong cuts Northern Metropolis rail cost 28% to HK$86.2B, starts construction

Hong Kong approved funding for the Northern Link's second phase, cutting costs by 28% to HK$86.2B, with construction starting on main and spur lines ahead of a 2034 launch. The cost reduction signals improved fiscal management amid Hong Kong's budget pressures, but the project's long timeline leaves execution risk. This is a major infrastructure commitment that could support regional connectivity and economic growth.

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