Work on long-awaited HK$32 billion Kai Tak sports complex hoped to begin next year
The government will seek funding from the Legislative Council’s finance committee in the next quarter
The government also plans to hand over the design, construction and daily operation of the Kai Tak Sports Park to a consortium for 25 years, during which time the operator will be required to share its operating income with the government.
Officials hope to launch a tender exercise in the third quarter of the year in order to begin construction next year, with completion in 2022.
The plan will be tabled to the Legco home affairs panel for discussion next Monday. The funding will need the approval from the council’s public works subcommittee and finance committee, where rounds of inquiries by lawmakers are likely.
Commissioner for sports, Yeung Tak-keung, warned on Monday that the cost could go up by as much as 5 per cent if the project was delayed by a year.
The last thing the sports sector wants to see is further delay because of pan-democrats’ filibustering