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Mon January 24 2022

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Hong Kong welcomes new oversight of rail projects

26 Aug 14 Hong Kong’s government has welcomed the Mass Transit Railway Corporation's establishment of new committees to provide greater supervision of work.

The move follows announcments of delays and increased costs in construction of the Hong Kong section of the Express Rail Link (link opens in new tab).

The capital works and risk committees are intended to facilitate more in-depth and focused supervision of the progress of projects and overall risk management.The goverment said that this will be conducive to the company's long-term development, strengthening its corporate governance and enhancing its overall performance.

The government also urged the company to review its corporate structure and operation and to make necessary reforms.

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