✉news BusinessFinance first seen 4 d ago, last 4 d ago, peak #5
AIIB keen to help fund Hong Kong's Northern Metropolis project
Original: AIIB keen to fund Northern Metropolis, with loans viewed as key endorsement
The Asian Infrastructure Investment Bank has signalled interest in financing Hong Kong's Northern Metropolis development, with prospective loans seen as a significant endorsement of the multitrillion-dollar mega-project. The initiative, a major housing and innovation hub planned for the territory's northern New Territories, has faced questions over funding as Hong Kong contends with budget deficits.
Why now: The AIIB's willingness to lend is being read as a vote of confidence in the controversial mega-project at a time when Hong Kong's finances are strained.
Asian Infrastructure Investment BankHong KongNorthern MetropolisSouth China Morning Post
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- AIIB keen to fund Northern Metropolis, with loans viewed as key endorsement · South China Morning Post
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