Chief Executive CY Leung says the new agreement with the MTR Corporation to cover the projected cost overrun for the Guangzhou-Shenzhen-Hong Kong Express Rail Link can better protect local taxpayers' rights.
The Government yesterday agreed to adjust the rail link's target completion date to the third quarter of 2018 and to revise the cost to $84.42 billion.
Speaking ahead of an Executive Council meeting this morning, Mr Leung noted capping the cost of the project can better protect taxpayers, adding that the revised plan is worth supporting.