15 November 2001
No plan to award West Rail sites by single tender
A spokesman for the Kowloon-Canton Railway Corporation (KCRC) said today (Thursday) that there is no plan to award West Rail sites for property development by way of single tender.
The spokesman said, "Under the West Rail Project Agreement between KCRC and the Government, the Corporation acts as an agent for the Government to develop West Rail sites and net profits derived from these developments will go to the Government as such profits are not required to finance the West Rail project.
"We are now working on a programme to put up these sites for development by way of open tender and there is no plan to develop these sites by other methods," the spokesman said