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MTR–KCR Merger
Two Hong Kong railway companies merged operations in 2007: the Kowloon-Canton Railway (KCR) and the Mass Transit Railway (MTR). Background There had already been some discussion of merging the KCRC itself, which was also government-owned, and the MTR to make the territory's transport system more efficient. The MTR Corporation Limited (MTRCL) backed such a merge while the KCRC opposed the plan. In March 2004, the Hong Kong Government officially encouraged the two companies to merge. On 11 April 2006, the Hong Kong Government officially announced the details of the proposed merger. Under the non-binding Memorandum of Understanding the Government has signed with KCRC, KCRC would grant a Service Concession to the MTRCL to operate the KCR system, with an initial period of 50 years. The KCRC would receive a one-time upfront payment of HK$ The Hong Kong dollar (, sign: HK$; code: HKD) is the official currency of the Hong Kong Special Administrative Region. It is subdivide ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hong Kong Railway Route Map En
Hong may refer to: Places *Høng, a town in Denmark *Hong Kong, a city and a special administrative region in China *Hong, Nigeria *Hong River in China and Vietnam *Lake Hong in China Surnames *Hong (Chinese name) *Hong (Korean name) Organizations *Hong (business), general term for a 19th–20th century trading company based in Hong Kong, Macau or Canton *Hongmen (洪門), a Chinese fraternal organization Creatures *Hamsa (bird), a mythical bird also known was hong *Hong (rainbow-dragon) ''Hong'' or ''jiang'' () is a two-headed dragon in Chinese mythology, comparable with rainbow serpent legends in various cultures and mythologies. Chinese "rainbow" names Chinese has three "rainbow" words, regular ''hong'' , literary ''didong'' , ..., a two-headed dragon in Chinese mythology * ''Hong'' (genus), a genus of ladybird {{disambiguation ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
MTR NamCheong 1
The Mass Transit Railway (MTR) is a major public transport network serving :Hong Kong. Operated by the MTR Corporation Limited (MTRCL), it consists of heavy rail, light rail, and feeder bus service centred on a 10-line rapid transit network serving the urbanised areas of Hong Kong Island, Kowloon, and the New Territories. The system included of rail as of 2022 with 167 stations, including 98 heavy rail stations, 68 light rail stops and one high-speed rail terminus. Under the government's rail-led transport policy, the MTR system is a common mode of public transport in Hong Kong, with over five million trips made in an average weekday. It consistently achieves a 99.9 per cent on-time rate on its train journeys. As of 2018, the MTR has a 49.3 per cent share of the franchised public transport market, making it the most popular transport option in Hong Kong. The integration of the Octopus smart card fare-payment technology into the MTR system in September 1997 has further en ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Merger Of KCR And MTR Operations 2007-12-02 02h41m14s SN208180
Mergers and acquisitions (M&A) are business transactions in which the ownership of companies, other business organizations, or their operating units are transferred to or consolidated with another company or business organization. As an aspect of strategic management, M&A can allow enterprises to grow or downsize, and change the nature of their business or competitive position. Technically, a is a legal consolidation of two business entities into one, whereas an occurs when one entity takes ownership of another entity's share capital, equity interests or assets. A deal may be euphemistically A euphemism () is an innocuous word or expression used in place of one that is deemed offensive or suggests something unpleasant. Some euphemisms are intended to amuse, while others use bland, inoffensive terms for concepts that the user wishes t ... called a ''merger of equals'' if both Chief executive officer, CEOs agree that joining together is in the best interest of both of thei ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mergers And Acquisitions
Mergers and acquisitions (M&A) are business transactions in which the ownership of companies, other business organizations, or their operating units are transferred to or consolidated with another company or business organization. As an aspect of strategic management, M&A can allow enterprises to grow or downsize, and change the nature of their business or competitive position. Technically, a is a legal consolidation of two business entities into one, whereas an occurs when one entity takes ownership of another entity's share capital, equity interests or assets. A deal may be euphemistically called a ''merger of equals'' if both CEOs agree that joining together is in the best interest of both of their companies. From a legal and financial point of view, both mergers and acquisitions generally result in the consolidation of assets and liabilities under one entity, and the distinction between the two is not always clear. In most countries, mergers and acquisitions must co ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Kowloon–Canton Railway
The Kowloon–Canton Railway (KCR; ) was a railway network in Hong Kong.Legislative Council information paper CB(1)357/07-08(0 THB(T) CR 8/986/00, CB(1)1749/07-08(0/ref> It was owned and operated by the Kowloon-Canton Railway Corporation (KCRC) until 2007. Rapid transit services, a light rail system, feeder bus routes within Hong Kong, and intercity passenger and freight train services to China on the KCR network, have been operated by the MTR Corporation since 2007. While still owned by its previous operator, the KCR network (which is wholly owned by the Hong Kong Government through the KCRC) has been operated by the MTR Corporation Limited under a 50-year, extendible, service concession since 2 December 2007. The two companies have merged their local metro lines into one unified fare system. Immediately after the merger, steps were taken to integrate the network into the same fare system as the MTR, and gates between the two networks were removed in several stages in 200 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mass Transit Railway
The Mass Transit Railway (MTR) is a major public transport network serving :Hong Kong. Operated by the MTR Corporation Limited (MTRCL), it consists of heavy rail, light rail, and feeder bus service centred on a 10-line rapid transit network serving the urbanised areas of Hong Kong Island, Kowloon, and the New Territories. The system included of rail as of 2022 with 167 stations, including 98 heavy rail stations, 68 light rail stops and one high-speed rail terminus. Under the government's rail-led transport policy, the MTR system is a common mode of public transport in Hong Kong, with over five million trips made in an average weekday. It consistently achieves a 99.9 per cent on-time rate on its train journeys. As of 2018, the MTR has a 49.3 per cent share of the franchised public transport market, making it the most popular transport option in Hong Kong. The integration of the Octopus smart card fare-payment technology into the MTR system in September 1997 has further en ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
MTR Corporation
MTR Corporation Limited is a majority government-owned public transport operator and property developer in Hong Kong which operates the Mass Transit Railway, the most popular public transport network in Hong Kong. It is listed on the Hong Kong Exchange and is a component of the Hang Seng Index. The MTR additionally invests in railways across different parts of the world, including franchised contracts to operate rapid transit systems in London, Sweden (Stockholm Metro and the MTRX Stockholm–Gothenburg rail link), Beijing, Hangzhou, Macau, Shenzhen, Sydney, and a suburban rail system in Melbourne. History The Mass Transit Railway Corporation () was established on 22 September 1972 as a government-owned statutory corporation to build and operate a mass transit railway system to meet Hong Kong's public transport needs. On 30 June 2000, the MTRC was succeeded by the MTR Corporation Limited (MTRCL, ). As with the MTRC, the MTRCL's principal business is to operate the mass tr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hong Kong Government
The Government of the Hong Kong Special Administrative Region, commonly known as the Hong Kong Government or HKSAR Government, refers to the Executive (government), executive authorities of Hong Kong Special administrative regions of China, SAR. It was formed on 1 July 1997 in accordance with the Sino-British Joint Declaration of 1983, an international treaty lodged at the United Nations. This government replaced the former British Hong Kong, British Hong Kong Government (1842–1997). The Chief Executive and the Principal officials of Hong Kong, principal officials, nominated by the chief executive, are appointed by the State Council of the People's Republic of China. The Government Secretariat (Hong Kong), Government Secretariat is headed by the Chief Secretary for Administration, Chief Secretary of Hong Kong, who is the most senior principal official of the Government. The Chief Secretary and the other Secretary of State, secretaries jointly oversee the administration of Ho ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Transport In Hong Kong
Hong Kong has a highly developed and sophisticated transport network, encompassing both public and private transport. Based on Hong Kong Government's Travel Characteristics Survey, over 90% of the daily journeys are on public transport, the highest rate in the world. However, in 2014 the Transport Advisory Committee, which advises the Government on transportation issues, issued a report on the much worsened congestion problem in Hong Kong and pointed at the excessive growth of private cars during the past 10–15 years. The Octopus card, a smart electronic money payment system, was introduced in September 1997 to provide an alternative to the traditional banknotes and coins. Available for purchase in every stop of the Mass Transit Railway system, the Octopus card is a non-touch payment system which allows payment not only for public transport (such as trains, buses, trams, ferries and minibuses), but also at parking meters, convenience stores, supermarkets, fast-food restaura ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
