MTR Signs Agreement With Hong Kong Government for Northern Link's Second Phase

• MTR signed the Northern Link Part 2 project agreement with the Hong Kong government on November 10, 2026.
• The agreement covers remaining construction of the Main Line and Spur Line, plus operation and maintenance of the integrated railway.
• Commercial operation of the Northern Link is scheduled to begin no later than December 31, 2034.
• Combined Part 1 and Part 2 project costs are estimated at around HK$ 90 billion at July 2025 prices.
• Property development rights include HK$ 86.43 billion in land premium reductions for Part 2 sites to help bridge the funding gap.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. MTR Corporation Limited published the original content used to generate this news brief via IIS, the regulatory disclosure system operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20261110-12406924), on November 10, 2026, and is solely responsible for the information contained therein.