HK$32 billion Kai Tak Sports Park project attracts more bidders than expected

The long-awaited sports park project at the site of the former Kai Tak airport has attracted six bidders, which is better than expected, according to the Hong Kong government.

In June, the city’s legislature granted cash for the HK$31.9 billion complex even as critics raised concerns over its pro-business financial arrangements, and the possibility of it becoming a white elephant.

Secretary for Home Affairs Lau Kong-wah, speaking on a radio programme on Saturday morning, revealed that the project received six bidders by the July deadline.

“It was more than what we had expected. We will choose three among the six as truly competitive bidders,” Lau said, adding that the number showed the bidders had confidence in the project.

The final three bidders will be given half a year to design the project, according to Lau, with the winner expected to start work in the middle of next year and finish within the current government term ending in 2022. The two runner-ups would be compensated HK$60 million each, an issue which has been a sticking point with the pan-democratic camp.

Lau said he had three hopes for the project: “First, we hope it would not turn into a white elephant. It will host many competitions and activities. Second, we want it to be sustainable … and [third, we hope] the public could really enjoy it.”

The 28 hectare complex will include a 50,000-seat stadium, a 10,000-seat indoor arena, a 5,000-seat community sports ground, shopping areas and a “dining cove”.