Tag: topside
Hong Kong – LCQ3: Developing topside properties at railway stations
LCQ3: Developing topside properties at railway stations ******************************************************* Following is a question by the Hon Mrs Regina Ip and a reply by the Secretary for Transport and Housing, Mr Frank Chan Fan, in the Legislative Council today (July 14): Question: Under the “ownership” approach and the “Rail-plus-Property development” model, the MTR Corporation Limited (MTRCL) is responsible for the construction and operation of new railways, and it will be granted the development rights of the topside properties at the railway stations by the Government for subsidising the railway construction costs. It has been reported that MTRCL had ... Read more