The MTR Corporation has appointed Widnell to undertake confirmatory due diligence services as part of the Corporation’s preparatory works for the proposed railway merger with KCRC.
The MTR Corporation has signed a non-binding Memorandum of Understanding with the Government of the Hong Kong SAR, setting out the terms of the proposed merger of the operations of the MTR Corporation and the Kowloon-Canton Railway Corporation, together with the acquisition of a Property Package.
Widnell’s role is to examine contracts let by the KCRC’s capital works, property and maintenance sections and to report on areas of risk as defined by MTR and make suitable recommendations for the future.
Widnell Director Kim Berry said “The scope of services are comprehensive and are required to be delivered within a tight time-frame but, given Widnell’s extensive experience in railway works, this is achievable for us.”
|
|
|
|