Alchmex–Paul Y. Joint Venture as the main contractor of construction of Central Kowloon Route (CKR) – Kai Tak East. It is the New Engineering Contract (NEC) adopting a target cost contract option awarded by the Highways Department, which is scheduled to be completed in early 2024.

The project comprises construction of an approximately 700m long CKR main line in Kai Tak; the construction of the Kai Tak Interchange, including bridges, underpasses and associated at-grade slip roads, connecting the Central Kowloon Route with the existing road network; and other associated works, which aims to relieve the traffic congestion in the road network in Central Kowloon.