Hong Kong’s MTR Seeks Loan to Support New Rail Project
A traveler on the MTR Corp. railway system in Hong Kong.
Photographer: Paul Yeung/BloombergHong Kong railway operator MTR Corp. is in talks with banks for a potential loan to support development of its Northern Link rail project, according to people familiar with the matter.
The discussions are preliminary and the facility’s size and terms are yet to be determined, the people said, who asked not to be identified discussing private matters. The proceeds would finance the first phase of work on the project in Hong Kong’s New Territories area, they added.