Temporary traffic arrangements at Lung Cheung Road this Saturday night to facilitate footbridge works
The Transport Department (TD) today (October 16) reminded members of the public that the eastbound carriageway of the section of Lung Cheung Road between Tai Hom Road and Hammer Hill Road (near Plaza Hollywood) will be temporarily closed in phases from 11pm this Saturday (October 19) to 5.30am the following day to facilitate footbridge erection works, and the following temporary road closures will be implemented during that period:
Temporary road closure period |
Road sections closed |
From 11pm this Saturday (October 19) to 5.30am the following day |
From the section of fast lane from Kwun Tong Road westbound near Kai Yip Estate to Lung Cheung Road westbound near Po Kong Village Road
The section of fast lane of Lung Cheung Road eastbound between Hsin Kuang Centre and Tai Hom Substation
From 0.00am to 5.30am this Sunday (October 20) |
The section of middle lane of Lung Cheung Road westbound between Tai Hom Substation and Po Kong Village Road
The section of middle lane of Lung Cheung Road eastbound between Tropicana Gardens and Tai Hom Substation
From 1am to 5.30am this Sunday (October 20) |
All three lanes of Lung Cheung Road eastbound between Tai Hom Road and Hammer Hill Road
During the closure of all three lanes of Lung Cheung Road eastbound between Tai Hom Road and Hammer Hill Road (1am to 5.30am on October 20), the corresponding westbound carriageway of Lung Cheung Road will be temporarily converted into two-way traffic.
Appropriate traffic signs will be erected on-site to guide motorists. Motorist should exercise patience and drive with care and follow the instructions of the Police on site.
Members of the public are advised to plan their journeys in advance and allow sufficient travelling time, and stay alert to the latest traffic news through the media or the TD's mobile application "HKeMobility" or website (www.td.gov.hk).
Enhancements to SME Financing Guarantee Scheme
The following is issued on behalf of the Hong Kong Monetary Authority:
The Chief Executive announced in "The Chief Executive's 2024 Policy Address" today (October 16) that, for both existing and new loans, borrowing enterprises under the SME Financing Guarantee Scheme will be allowed to apply for principal moratorium for up to 12 months while the maximum loan guarantee periods of the 80 per cent and 90 per cent Guarantee Products will be extended to ten years and eight years respectively. In addition, the partial principal repayment options will be offered to new loans under the two guarantee products. These measures aim to alleviate the repayment pressure on borrowing enterprises, helping them address challenges encountered during economic restructuring.
HKMC Insurance Limited will follow up with the lending institutions on the implementation details of the above new measures, aiming to roll them out within November this year. Borrowing enterprises may approach their lending institutions to discuss the arrangements at that time.
