The latest estimate of the Hong Kong Section of the Guangzhou-Shenzhen-Hong Kong Express Rail Link (“XRL”) project cost to complete is HKD$ 71.52 billion (inclusive of future insurance and project management costs). This figure is based on a detailed review of the revised programme for completion of the XRL project in 2017 incorporating a range of scenario planning and taking into account various factors including the need for additional manpower, contractor resources and potential future events such as unforeseen site conditions.
The 26-km Express Rail Link is vitally important to Hong Kong. It will link Hong Kong with major Mainland cities with significantly reduced travelling times.
The construction commenced in late January 2010 with a target opening by the end of 2017.