Trouble For Hong Kong’s Planned M+ Museum As Lead Contractor Goes Bankrupt

The West Kowloon Cultural District Authority has terminated the $750 million (US) contract of Hsin Chong Construction Company on grounds of insolvency. The Authority, which has kept construction going for the past 18 months by paying subcontractors and workers directly, has halted work at the site for six to eight weeks – but it insists that there will be no further delay in opening the museum.