Brief: MTR Corp Says Accepted Government's Land Exchange Offer

MTR

23/09/2022 09:57

Sept 23 (Reuters) - MTR Corp Ltd  0066.HK :
    * CO ACCEPTED GOVERNMENT'S LAND EXCHANGE OFFER
    * DEAL FOR FINANCING, DESIGN, CONSTRUCTION, PRE-OPERATION,
OPERATION AND MAINTENANCE OF OYSTER BAY STATION
    * EXPECTS COSTS FOR CONSTRUCTION OF NEW OYSTER BAY STATION
AND
OTHERS, IN AGGREGATE, TO BE IN REGION OF HK$36 BILLION IN DEC
2020 PRICES
    * EXPECTS TO COMMENCE CONSTRUCTION OF OYSTER BAY STATION IN
Q3 OF
2023 WITH A VIEW TO COMMENCING COMMERCIAL OPERATIONS BY END OF
2030
    * EXPECTS TO INCUR SUCH COSTS OVER NEXT 15 YEARS OR SO

Further company coverage:  0066.HK 
 ((Reuters.Briefs@thomsonreuters.com;))