Swire Properties gets Hong Kong government’s support to build new pedestrian bridge for Pacific Place complex
City authorities grant land premium waiver to developer for project which will link complex to MTR station, Legislative Council Building
Hong Kong’s Pacific Place complex will get a new pedestrian bridge, linking it to nearby Admiralty MTR station and the Legislative Council Building, after the government’s approval of a land premium waiver for its developer.
It is not known how much Swire Properties will save, with the project likely to cost HK$100 million.
Planning professionals welcomed an additional pedestrian bridge in the area, but a district lawmaker said he was surprised he was not told about the project.
In a press release on Wednesday, the Chief Executive in Council confirmed it had approved a bid by Swire Properties to get a waiver on premium payable for modifying a lease in allowing the construction of the bridge.
An inquiry to the Development Bureau about the exact amount of the waiver was not answered by press time.
The statement also said the proposal was in line with a pilot scheme announced in the 2016 Policy Address, which encouraged land owners in Kowloon East to construct pedestrian links by waiving premiums.