Major leisure infrastructure projects in Hong Kong, including the West Kowloon Cultural District and Ocean Parks new hotel and waterpark – are experiencing significant overruns as a result of construction delays and contractural issues.
At the end of last week, the West Kowloon Cultural District Authority (WKCDA) fired its main contractor following a protracted financial settlement controversy, raising uncertainty over further delays and cost overruns at the multibillion-dollar arts hub.
On Friday the WKCDA said it had terminated the HK$5.9 billion (US$750 million) contract for the M+ visual culture museum, the centrepiece of the arts precinct, with Hsin Chong Construction due to the companys insolvency.
The Authority sai…
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