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Another cash nightmare at the museum

11 0 0
12.09.2018

After waiting two decades, it’s safe to assume most people don’t give a hoot about when the art hub in West Kowloon is going to open.

But the risk of more delay is the reason or excuse that Duncan Pescod, chief executive of the West Kowloon Cultural District Authority, cited for paying subcontractors HK$1.609 billion for financially troubled main contractor Hsin Chong Construction, over an 18-month period.

What I really want to know is, are we, the taxpayers, going to get the money back? Funnily enough, after helping Hsin Chong pay off its subcontractors, its parent company has now filed a notice of dispute with the authority over the latter’s termination of Hsin Chong’s HK$5.9 billion contract to build the M museum.

So, down the road, the authority, and........

© South China Morning Post