According to the Zhitong Finance App, MTR Corporation (00066) announced that on November 10, 2026, the company and the Secretary for Transport and Logistics (representing the Government) signed a project agreement on the second part of the North Ring Road. The project agreement relates to the financing arrangement, design, construction and completion of the North Ring Road (Part II) project, as well as pre-operation work, operation and maintenance of the entire North Ring Road.
The Government stated that the North Ring Road project is an important strategic transportation infrastructure to promote the development of the northern metropolitan area and help Hong Kong better integrate into national development. It is proposed to accelerate the construction of the northern metropolitan area and promote the collaborative development of rail transit in line with the national “Outline of the 15th Five-Year Plan”, and was listed as a priority project by the government in Hong Kong's first five-year plan. As the backbone of public transportation in the northern metropolitan area, the North Ring Road not only enhances cross-border passenger transportation capacity by seamlessly connecting to the new Huanggang Port, but also unleashes the potential for land development, promotes technological and industrial innovation, and accelerates housing supply. Furthermore, the North Ring Road will connect the East Rail Line and the Tuen Ma Line (both operated by the company) to form a circular railway connecting the New Territories and downtown Kowloon, greatly enhancing the connectivity, resilience and operational flexibility of the railway network.