18 January 2001
KCRC signs HK$5,100 million East Rail Extensions contracts
The Kowloon-Canton Railway Corporation (KCRC) today (Thursday) signed the first batch of civil construction and railway system contracts for the East Rail Extensions (ERE) with the successful bidders at a combined value of about HK$5,100 million, representing about 30% of the total estimated project cost.
Speaking at the ERE Contracts Signing Ceremony, Mr K Y Yeung, Chairman and Chief Executive of KCRC said, "Four of these contracts are for the construction of the nine stations and 11.4 km of rail tracks, largely on viaduct, making up the Ma On Shan Rail, as well as for modifications to Hung Hom Station to enable construction of the Tsim Sha Tsui Extension to proceed. The two railway system contracts are for the supply of escalators and rolling stock, the latter being represented by 72 electric multiple units.
"The winners of these awards are truly multi-national, with firms originating from Japan, Spain, France, the Mainland and Hong Kong," he said.
Mr. Yeung also said that the Corporation's Management Board had approved the award of the last civil construction contract for the Ma On Shan Rail, which relates to the construction of Tai Wai Depot, and that the remaining three civil construction contracts for the Tsim Sha Tsui Extension would be awarded next month.
"We are confident that the Ma On Shan Rail and the Tsim Sha Tsui Extension of East Rail will be completed on time and within budget," said Mr. Yeung.
Construction of Ma On Shan Rail and Tsim Sha Tsui Extension is due for completion in 2004.