Kai Tak Sports Park

Overview:

• Kai Tak Sports Park Limited, a consortium consisting of New World Development and its subsidiary NWS Holdings won the tender for a Hong Kong sports infrastructure project.
• The award by the Hong Kong government entails a 25-year contract to design, build and operate the Kai Tak Sports Park at a construction cost of HK$29.99 billion ($3.8 billion). 
• The Kai Tak Sports Park is the largest and most important sports infrastructure project in Hong Kong in decades and will occupy a 28-hectare site in the north apron area of the former Kai Tak International Airport.
• In addition to sports and leisure facilities such as a 50,000-seat stadium with a retractable roof and indoor sports centre, the project also includes commercial facilities and extensive public open space.

Adam Majeed - IFLR1000