Bernadette Linn says MTR Corp to get development rights for Pak Shek Kok, Ma On Shan sites as government awaits station design, cost details
“We are still awaiting the MTR Corp’s detailed design and cost estimates,” she told a radio programme. “We have agreed to grant it development rights for two sites – one in Pak Shek Kok and another in Ma On Shan – to support the station project.”
She said the land grants were structured to reflect the project’s full costs and would allow the rail operator to generate sufficient returns.
“Under the rail-plus-property model, as long as assessments are properly conducted, changes at any stage should not require government funding,” Linn added.