News Update – Kai Tak Sports Park tender; Opening of Central-Wan Chai Bypass; Land supply task force publishes findings
Kai Tak Sports Park set to begin construction for 2023 opening
In previous news round ups we’ve reported on the progress of the Kai Tak Sports Park, the HK$30 billion (US$3.8 billion) sports complex that will occupy the site that once was home to Kai Tak airport.
In the last few days of 2018 it was announced that the project tender has been awarded to a subsidiary of regional New World Development (known as Kai Tak Sports Park Ltd). The organisation beat off five other bidders to win the 25-year contract. The long-term obligations of the development was expected to deter developers from bidding, but the government’s incentive to return 50% of the cost of bidding to losing parties helped to generate interest.
Kai Tak Sports Park is part of the government’s strategy to increase the number of world-class sporting events hosted in Hong Kong as well as help support development of local sport. The site will also host concerts and other entertainment events.
The government will put up $HK29 million of the construction price, with Kai Tak Sports Park Ltd responsible for covering all operating costs for the duration of the contract. The government is also entitled to 3% of the park’s gross income and a fee of $1.72 billion.
Kai Tak Sports Park facts and figures:
- 50,000 seat capacity stadium
- Soundproof retractable roof
- 10,000 seat indoor sports centre
- 5,000 seat community sports ground,
- Retail and dining space
- Free of charge public space for recreation and exercise
Central-Wan Chai Bypass opens in Hong Kong
Almost a decade after construction began, January saw the opening of Hong Kong’s Central-Wan Chai Bypass.
Designed to ease long-term traffic issues between Central and North Point in Hong Kong and cut journey times by up to 25 minutes, the 4.5km long tunnel and flyover was originally pencilled in to open in 2017. The reduced travel time is also expected to be a major plus for taxi drivers, who expect a boost in bookings.
Wanchai Rush Hour – it is hoped that the Central Wanchai Bypass will alleviate the traffic congestion along Gloucester Road and surrounding areas (c) David Feehan
Hong Kong land supply task force publishes findings of its public consultation
After a five month long consultation process, the Hong Kong government’s Task Force on land Supply has published a list of recommendations for solving the city’s land supply issues.
Task force chairman, Mr Stanley Wong, has outlined eight options from an original list of eighteen than the group believes have public support and will best help alleviate Hong Kong’s pressing land supply concerns.
Among the more controversial aspects of the recommendations were the support for land reclamation off Victoria Harbour and the suggestion of using 32 hectares of the famous Fanling golf course when its lease expires next year. There was significant public support however for the redevelopment of brownfield sites.
The eight options the task force recommends the government prioritises are:
- Tapping into private agricultural land reserves in the New Territories
- Developing brownfield sites
- Alternative uses of sites under private recreational leases
- Near-shore reclamation off Victoria Harbour
- Developing the East Lantau Metropolis
- Developing caverns and underground space
- More new development areas in the New Territories
- Developing the River Trade Terminal Site
The government had been subject to criticism in November last year for announcing its intention to reclaim 1,700 hectares of land to house 1.1 million people.