MTR to make one-off payment of HK$2.25 billion to government over high-speed rail delays

MTR will pay the Hong Kong government HK$2.25 billion (US$287 million) in a one-off settlement over delays to the high-speed rail line, while reaching an agreement on obstacles encountered on the Shatin to Central Link that will not require compensation. Both projects were designed, built, tested and operated by MTR, but are government-owned and involve public funds. The arrangement was announced on Friday.