Hong Kong's Minister for Development, Bernadette Linn, announced that public subsidies will not be required for the construction of the new Pak Shek Kok MTR station. The MTR Corporation will receive development rights for two sites, one in Pak Shek Kok and another in Ma On Shan, to cover the project's costs through a "rail-plus-property" model. While detailed design and cost estimates are still pending, the government expects this model to generate sufficient returns for the MTR Corporation to fund the station's construction, which is slated to begin in 2028 and complete by 2033. AI
RANK_REASON Infrastructure funding announcement by a government minister. [lever_c_demoted from significant: ic=1 ai=0.0]
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