Key facts
- MTR Corp will pay HK$2.25 billion (US$287 million) to the Hong Kong government.
- The payment is a one-off settlement for delayed completion of the high-speed rail line.
- MTR Corp also reached a consensus to avoid a payout for hurdles affecting the Sha Tin to Central Link.
- The government owns both the high-speed rail line and the Sha Tin to Central Link projects.
- MTR Corp oversaw the design, construction, testing, and operation of both projects.
The MTR Corporation has agreed to pay HK$2.25 billion (US$287 million) to the Hong Kong government as a one-off settlement for the delayed completion of the high-speed rail line. The transport firm also reached a consensus with the government to avoid a payout over issues affecting the Sha Tin to Central Link project. Both the high-speed rail line and the Sha Tin to Central Link are government-owned projects that involved public funds. MTR Corp was responsible for the design, construction, testing, and operation of both lines.