HONG KONG
From Times Staff and Wire Reports
Airport Project’s Costs Soar: The estimated cost of the new airport and associated infrastructure projects has risen by 13.8% in less than a year, the government said. The estimate was $12.45 billion last July. It is now $14.49 billion. Hamish MacLeod, the colony’s financial secretary, said the cost overrun will not be borne by taxpayers. The government’s share remains at $7.66 billion. Private developers and lenders are responsible for the overruns.
Start your day right
Sign up for Essential California for news, features and recommendations from the L.A. Times and beyond in your inbox six days a week.
You may occasionally receive promotional content from the Los Angeles Times.
