MTR Corporation Limited is a majority government-owned
public transport
Public transport (also known as public transportation, public transit, mass transit, or simply transit) is a system of transport for passengers by group travel systems available for use by the general public unlike private transport, typical ...
operator and
property developer in Hong Kong Since the British colonialisation in 1841 after the First Opium War, Hong Kong has grown from a stony outcrop on the southern coast of China to a territory whose property prices are among the highest in the world. The territory has a land mass of . ...
which operates the
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 ...
, 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 Hang Seng Index (HSI) is a freefloat-adjusted market- capitalization-weighted stock-market index in Hong Kong. It is used to record and monitor daily changes of the largest companies of the Hong Kong stock market and is the main indicator ...
. The MTR additionally invests in railways across different parts of the world, including franchised contracts to operate rapid transit systems in
London
London is the capital and largest city of England and the United Kingdom, with a population of just under 9 million. It stands on the River Thames in south-east England at the head of a estuary down to the North Sea, and has been a majo ...
, Sweden (
Stockholm Metro
The Stockholm metro ( sv, Stockholms tunnelbana) is a rapid transit system in Stockholm, Sweden. The first line opened in 1950, and today the system has 100 stations in use, of which 47 are underground and 53 above ground. There are three colou ...
and the
MTRX
MTRX is a Swedish company running open access intercity railway services between Gothenburg and Stockholm. It is a subsidiary of MTR Corporation through MTR Nordic.
In July 2013, MTRX was awarded paths to operate services between Gothenburg ...
Stockholm–Gothenburg rail link),
Beijing
}
Beijing ( ; ; ), alternatively romanized as Peking ( ), is the capital of the People's Republic of China. It is the center of power and development of the country. Beijing is the world's most populous national capital city, with over 21 ...
,
Hangzhou
Hangzhou ( or , ; , , Standard Mandarin pronunciation: ), also romanized as Hangchow, is the capital and most populous city of Zhejiang, China. It is located in the northwestern part of the province, sitting at the head of Hangzhou Bay, whi ...
,
Macau
Macau or Macao (; ; ; ), officially the Macao Special Administrative Region of the People's Republic of China (MSAR), is a city and special administrative region of China in the western Pearl River Delta by the South China Sea. With a pop ...
,
Shenzhen
Shenzhen (; ; ; ), also historically known as Sham Chun, is a major sub-provincial city and one of the special economic zones of China. The city is located on the east bank of the Pearl River estuary on the central coast of southern province ...
,
Sydney
Sydney ( ) is the capital city of the state of New South Wales, and the most populous city in both Australia and Oceania. Located on Australia's east coast, the metropolis surrounds Sydney Harbour and extends about towards the Blue Mountain ...
, and a suburban rail system in
Melbourne
Melbourne ( ; Boonwurrung/Woiwurrung: ''Narrm'' or ''Naarm'') is the capital and most populous city of the Australian state of Victoria, and the second-most populous city in both Australia and Oceania. Its name generally refers to a met ...
.
History
The Mass Transit Railway Corporation () was established on 22 September 1972 as a government-owned
statutory corporation
A statutory corporation is a government entity created as a statutory body by statute. Their precise nature varies by jurisdiction, thus, they are statutes owned by a government or controlled by national or sub-national government to the (in ...
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 transit railway system. Following a successful
initial public offering
An initial public offering (IPO) or stock launch is a public offering in which shares of a company are sold to institutional investors and usually also to retail (individual) investors. An IPO is typically underwritten by one or more investment ...
, the MTRCL was listed on the
Hong Kong Stock Exchange
The Stock Exchange of Hong Kong (SEHK, also known as Hong Kong Stock Exchange) is a stock exchange based in Hong Kong. As of the end of 2020, it has 2,538 listed companies with a combined market capitalization of HK$47 trillion. It is repor ...
on 5 October 2000, however the government is still the majority stakeholder in the MTRCL.
Partial privatisation
On 11 September 2000, the financial secretary of the
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, ...
, Sir
Donald Tsang
Sir Donald Tsang Yam-kuen (; born 7 October 1944) is a former Hong Kong civil servant who served as the second Chief Executive of Hong Kong from 2005 to 2012.
Tsang joined the colonial civil service as an Executive Officer in 1967, occupyi ...
, announced the partial
privatisation
Privatization (also privatisation in British English) can mean several different things, most commonly referring to moving something from the public sector into the private sector. It is also sometimes used as a synonym for deregulation when ...
of MTR Corporation Limited. The offering was for one billion
shares
In financial markets, a share is a unit of equity ownership in the capital stock of a corporation, and can refer to units of mutual funds, limited partnerships, and real estate investment trusts. Share capital refers to all of the shares of an ...
, but this was increased to 1.15 billion due to high demand. On 5 October 2000, the company was listed on the
Hong Kong Stock Exchange
The Stock Exchange of Hong Kong (SEHK, also known as Hong Kong Stock Exchange) is a stock exchange based in Hong Kong. As of the end of 2020, it has 2,538 listed companies with a combined market capitalization of HK$47 trillion. It is repor ...
with 600,000 shareholders. In June 2001, MTR was added to the
Hang Seng Index
The Hang Seng Index (HSI) is a freefloat-adjusted market- capitalization-weighted stock-market index in Hong Kong. It is used to record and monitor daily changes of the largest companies of the Hong Kong stock market and is the main indicator ...
.
At the time of the
initial public offering
An initial public offering (IPO) or stock launch is a public offering in which shares of a company are sold to institutional investors and usually also to retail (individual) investors. An IPO is typically underwritten by one or more investment ...
, the company was operating with a surplus of
HK$
The Hong Kong dollar (, sign: HK$; code: HKD) is the official currency of the Hong Kong Special Administrative Region. It is subdivided into 100 cents or 1000 mils. The Hong Kong Monetary Authority is the monetary authority of Hong Kong and ...
360 million (US$46.1 million), which had increased from a surplus of HK$278 million (US$35.6 million) in 1997. The MTR has continued to be one of the few profitable public transport systems in the world.
MTR–KCR merger
![MTR NamCheong 1](https://upload.wikimedia.org/wikipedia/commons/0/07/MTR_NamCheong_1.jpg)
There had been some discussion of
merging
Merge, merging, or merger may refer to:
Concepts
* Merge (traffic), the reduction of the number of lanes on a road
* Merge (linguistics), a basic syntactic operation in generative syntax in the Minimalist Program
* Merger (politics), the comb ...
the
Kowloon-Canton Railway Corporation
The Kowloon-Canton Railway Corporation (KCRC; ) is a Hong Kong wholly government-owned railway and land asset manager. It was established in 1982 under the Kowloon-Canton Railway Corporation Ordinance for the purposes of operating the Kowloon– ...
(KCRC), which was also government-owned, and the MTRCL to make the territory's transport system more efficient. The MTRCL backed such a merger 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
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 ...
(KCR) system, with an initial period of 50 years. The KCRC would receive a one-time upfront payment of HK$4.25 billion, a fixed annual payment of HK$750 million and a variable annual payment based on revenues generated from operation of the KCR system. In addition, MTRCL would make a payment of $7.79 billion for the acquisition of property and other related commercial interests.
The KCRC's lines were less profitable than those of the MTRC, and the KCRC was less active in property development. It was widely considered that the government's choice was to avoid being criticised for selling assets of the KCRC, which it wholly owned, to MTRCL for an unreasonably low price. Leasing the operation rights of the KCR system to the MTRCL avoided actually selling the KCRC.
On 2 December 2007, the
Chinese
Chinese can refer to:
* Something related to China
* Chinese people, people of Chinese nationality, citizenship, and/or ethnicity
**''Zhonghua minzu'', the supra-ethnic concept of the Chinese nation
** List of ethnic groups in China, people of ...
name of the MTRCL was changed to 香港鐵路有限公司 (literal translation: ''Hong Kong Railway Corporation Limited'') after being granted the Service Concession while the English name will remain unchanged. The KCRC is now a holding company of the KCR system, without actual railway operations. The merger was approved by shareholders of the MTRCL on 9 October 2007. The merger is effective for 50 years. This also resulted in changing the system's Chinese name from "地鐵" ("Subway") to "港鐵" "(Hong Kong Railway").
All adult
Octopus Card holders would be the first to benefit from the merger.
[Railway Merger Proposal in Hong Kong Gets Green Light](_blank)
Hong Kong Economic and Trade Office in United States. Student and concessionary Octopus holders would also benefit from the merger by further reducing $0.1 from their 50% off fares.
[Fact Sheet (Eng)](_blank)
Merger of the MTR and KCR systems. Student Octopus holders would continue to pay the current reduced concessionary fares on the MTR network. Elderly Octopus holders would be introduced to a new fare system which only the elderly can enjoy a $2 fare to anywhere on the MTR network (excluding Airport Express, Light Rail, and Cross-Boundary Stations).
[Elders ride on the MTR on Sundays and public holidays for just $2 for the whole journey](_blank)
Revenue model
In July 2021,
Liber Research Community
Liber Research Community is a non-governmental organization in Hong Kong that focuses on researching land and development policies.
History
The group was created in 2009 by postgraduates, including Chan Kim-ching, who studied geography and ...
, an NGO, produced a report which detailed the history of MTR's revenue model.
In it, it reported that the "Rail + Property" development model was originally formed to offset unexpected financial difficulties with creating the original MTR lines, with original estimates that MTR's property would account for approximately 20 per cent of its total revenue.
The
Executive Council also determined that since MTR had to apply for land grants from the government, it was the government's decision on how land above MTR stations should be allocated, stating "the grant of comprehensive development rights on land affected by railway installations will be discretionary".
Land above stations would not necessarily be used to build private housing to maximize MTR's revenue, but could be used to solve issues of
housing in Hong Kong
Housing in Hong Kong varies by location and income. More than 7 million people live on about 1,108 km2 (427 mi2) of land in the region, making it one of the densest places in the world.
History
Housing by types
In 2016 the t ...
, such as by developing public housing instead.
The Executive Council also noted that "revenue from property development was not originally envisaged as being used as a means of financing the capital cost of the railway itself" and that revenue from property development was to be used for a "contingency reserve", such as for offsetting excessive construction costs.
The report noted that 40 per cent of MTR's revenue is currently from property, and that the original intent of using property revenue for contingency purposes had shifted into a different, unsustainable model where property is used to subsidise operations and construction of new stations.
Senior leadership
* ''Chairman:'' Rex Auyeung (since July 2019)
* ''Chief Executive:'' Jacob Kam (since April 2019)
List of former chairmen
#
Sir Philip Haddon-Cave (1972–1974); project manager
#Sir Norman Thompson (1974–1983); first official Chairman
#
Sir Wilfrid Newton
Sir Charles Wilfrid Newton, CBE (11 December 1928 – 28 November 2012) was managing director of Hong Kong's Mass Transit Railway Corporation (MTRC) in the 1980s and London Regional Transport in the 1990s.
History
Charles Wilfrid Newton was bo ...
(1983–1989)
#Hamish Mathers (1989–1995)
#
Jack So
Jack So Chak-kwong, GBM, GBS, OBE, JP () is the chairman of the Board of Airport Authority Hong Kong from June 2015. He is a former chairman and Executive Director of the Hong Kong Trade Development Council (HKTDC), former chairman and Chi ...
(1995–2003)
#
Raymond Ch'ien (2003–2015)
#
Frederick Ma
Frederick Ma Si-hang is a Hong Kong politician and administrator who was chairman of the MTR Corporation from 2015 to 2019.
As a former Secretary for Commerce and Economic Development of the Hong Kong Special Administrative Region, he was a ...
(2016–2019)
List of former chief executives
''The position of Chief Executive was created in 1995.''
#
Jack So
Jack So Chak-kwong, GBM, GBS, OBE, JP () is the chairman of the Board of Airport Authority Hong Kong from June 2015. He is a former chairman and Executive Director of the Hong Kong Trade Development Council (HKTDC), former chairman and Chi ...
(1995–2003)
#
Sir Chow Chung-kong (2003–2011)
#
Jay Walder
Jay Walder was the CEO of Virgin Hyperloop One, an American transportation technology company. He has been the CEO of Motivate (company), Motivate, a bike sharing company, and of the Hong Kong transit company MTR Corporation (MTRC), before resi ...
(2012–2014)
# Lincoln Leong (2015–2019)
Operations by market
Hong Kong
![mtrproperty](https://upload.wikimedia.org/wikipedia/commons/4/43/Mtrproperty.JPG)
MTR Corporation is responsible for the operation of MTR (and the
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 ...
since 2 December 2007). The rail lines are profitable, but the MTR Corporation derives most of its profits from property development (usually adjacent to railway stations) and other commercial activities in Hong Kong, including the letting of retail and poster advertising space, ATM banking facilities, and personal telecommunication services.
Rail services
Mass Transit Railway (MTR) is the rapid transit railway system in Hong Kong. Originally opened in 1979, the system currently (at August 2018) includes of rail with 159 stations, including 91 railway stations and 68 light rail stops. There are also several
future projects of the MTR
Several future projects on the MTR have been put forward by the MTR Corporation to the Hong Kong Government. Some of these are still in planning stage, some are now completed.
With the rail merger with the Kowloon-Canton Railway Corporation ...
.
File:Hong Kong Railway Route Map en.svg, Map
File:Long Ping Station.jpg, Station ( Long Ping station)
File:K411-E111 MTR Airport Express 22-06-2020.jpg, An Airport Express Train
File:CRH380A-0259@GZN (20180923094804).jpg, High-speed rail service by MTR launched on 23 September 2018. The image shows an MTR Vibrant Express
Vibrant Express ( zh, t=動感號), also known as MTR CRH380A is a high-speed train operated by Hong Kong government-owned public transport operator MTR. It was manufactured by Chinese state-owned manufacturer CRRC Qingdao Sifang, CSR Qingdao ...
train at Guangzhou South railway station
Property management
Property is one of the main businesses of the MTR generating most of the profits. In 2009 of a net profit of HK$7.3 billion, MTR made HK$3.55 billion from property and HK$2.12 billion from transport operations. The MTR tries to develop suitable sites related to their new railway projects and their existing railway. For instance, the
reclaimed land
Land reclamation, usually known as reclamation, and also known as land fill (not to be confused with a waste landfill), is the process of creating new Terrestrial ecoregion, land from oceans, list of seas, seas, Stream bed, riverbeds or lak ...
situated in
West Kowloon
West Kowloon () is the western part of Kowloon Peninsula in Hong Kong, situated within the Yau Tsim Mong District and Sham Shui Po District. It is bounded by Canton Road to the east, Victoria Harbour to the west and the south, and Jorda ...
that is owned by the MTR will be developed into an area with residential, office and retail space. Two of Hong Kong's largest banks,
HSBC
HSBC Holdings plc is a British multinational universal bank and financial services holding company. It is the largest bank in Europe by total assets ahead of BNP Paribas, with US$2.953 trillion as of December 2021. In 2021, HSBC had $10.8 tri ...
and the
Bank of China
The Bank of China (BOC; ) is a Chinese majority state-owned commercial bank headquartered in Beijing and the fourth largest bank in the world.
The Bank of China was founded in 1912 by the Republican government as China's central bank, repl ...
are to have office towers there. Furthermore, will be more than 7,000 housing units in the development. The MTR also owns several shopping centres, as well as the
International Finance Centre.
=Shopping centres
=
The MTR Corporation invested heavily to develop large shopping centres around
MTR stations. The most recent example is the PopCorn mall located at
Tseung Kwan O station
Tseung Kwan O (; : ) is a station on the MTR located at the town centre of the Tseung Kwan O New Town in the New Territories of Hong Kong. The previous station is and the line splits after this station to and . The entrances to the station ...
. It is connected to the adjacent malls, high-end housing and hotels. Another example of such a shopping centre is
Maritime Square
Maritime Square is a four-storey shopping centre located on Tsing Yi Island in Hong Kong. It was built and is owned by MTR Corporation (MTRC) in conjunction with the opening of Tsing Yi station. History
The shopping centre opened on 1 Apr ...
() located at
Tsing Yi station
Tsing Yi is an interchange station of the MTR between the Tung Chung line and Airport Express on Tsing Yi Island in Hong Kong. The station is located between Sunny Bay station and Lai King station on the Tung Chung Line, and between Airport ...
. Maritime Square is a nautical-themed mall in which there are supermarkets,
boutique
A boutique () is a small shop that deals in fashionable clothing or accessories. The word is French for "shop", which derives ultimately from the Ancient Greek ἀποθήκη (''apothēkē'') "storehouse".
The term ''boutique'' and also ''d ...
s, bookstores, a cinema, and restaurants. Since Tsing Yi station serves as the
transport hub
A transport hub is a place where passengers and cargo are exchanged between vehicles and/or between transport modes. Public transport hubs include railway stations, rapid transit stations, bus stops, tram stops, airports and ferry slips. F ...
for
Tsing Yi
Tsing Yi, sometimes referred to as Tsing Yi Island, is an island in the urban area of Hong Kong, to the northwest of Hong Kong Island and south of Tsuen Wan. With an area of , the island has extended drastically by reclamation along almost all ...
, Maritime Square is also easily accessible by other transport means including buses and
taxis
A taxis (; ) is the movement of an organism in response to a stimulus such as light or the presence of food. Taxes are innate behavioural responses. A taxis differs from a tropism (turning response, often growth towards or away from a stim ...
. Other shopping centres developed and managed by the corporation include
CityLink
CityLink is a network of tollways in Melbourne, Australia, linking the Tullamarine, West Gate and Monash Freeways and incorporating Bolte Bridge, Burnley Tunnel and other works. In 1996, Transurban was awarded the contract to augment two exi ...
,
Elements, Hanford Plaza, Ocean Walk,
Paradise Mall Paradise Mall may refer to:
* Paradise Mall (Hong Kong), Chai Wan, Hong Kong
* Paradise Mall, Shivaji Place, West Delhi, India
* , a 1999 German film
* "Paradise Mall", a 1975 episode of ''Police Woman''
See also
* Paradise Center
Paradise C ...
, Plaza Ascot, Sun Tuen Mun Shopping Centre,
Telford Plaza
Telford () is a town in the borough of Telford and Wrekin and ceremonial county of Shropshire, England, about east of Shrewsbury, south west of Stafford, north west of Wolverhampton and from Birmingham in the same direction. With an esti ...
,
The Lane
"The Lane" is a song by American recording artist Ice-T. It was released in 1996 as a single from the rapper's sixth studio album '' Ice-T VI: Return of the Real'' through Records/Virgin Records. The song was written and produced by Tracy "Ice ...
,
the LOHAS, and
Luk Yeung Galleria
Luk Yeung Galleria (), formally known as Luk Yeung Sun Chuen Mall, is one of the largest shopping centres in Tsuen Wan, New Territories, Hong Kong, located in Luk Yeung Sun Chuen, above MTR Tsuen Wan station. It has a total area of .
It was d ...
.
United Kingdom
Current operations
*
Elizabeth line
The Elizabeth line is a high-frequency hybrid Urban rail, urban–suburban rail service in London and its suburbs. It runs services on dedicated infrastructure in central London from the Great Western Main Line west of London Paddington statio ...
: In May 2015, TfL Rail began an eight-year contract to operate the
Crossrail
Crossrail is a railway construction project mainly in central London. Its aim is to provide a high-frequency hybrid commuter rail and rapid transit system crossing the capital from suburbs on the west to east, by connecting two major railway ...
concession in London, with an option for a further two years. Before the new railway lines opened, MTR already operated
Liverpool Street–
Shenfield
Shenfield is a commuter suburb of Brentwood, in the borough of Brentwood, Essex, England. In 2020, the suburb was estimated to have a population of 5,396.
History
The old village (now town), by the church and Green Dragon pub, lies along the ...
and
Paddington
Paddington is an area within the City of Westminster, in Central London. First a medieval parish then a metropolitan borough, it was integrated with Westminster and Greater London in 1965. Three important landmarks of the district are Paddi ...
–
Heathrow Airport
Heathrow Airport (), called ''London Airport'' until 1966 and now known as London Heathrow , is a major international airport in London, England. It is the largest of the six international airports in the London airport system (the others be ...
services branded as
TfL Rail
TfL Rail was the concession which operated commuter services on two separate railway lines in London, England and its environs whilst the Crossrail construction project linking these lines was underway. On 24 May 2022, upon the opening of th ...
. In May 2022 services commenced between Paddington and
Abbey Wood
Abbey Wood is an area in south east London, England, straddling the border between the Royal Borough of Greenwich and the London Borough of Bexley. It is located east of Charing Cross.
Toponymy
The area takes its name from Lesnes Abbey Woo ...
via Liverpool Street, and all services were renamed ''Elizabeth line''.
*
South Western Railway: In August 2017, South Western Railway, in which MTR has a 30% shareholding in a joint venture with
FirstGroup
FirstGroup plc is a British multi-national transport group, based in Aberdeen, Scotland.[South Western franchise
South Western is a railway franchise for the provision of passenger services from London Waterloo to destinations in Surrey, Hampshire, Somerset, Dorset, Berkshire, Wiltshire and Devon on the South West, Portsmouth Direct and West of Engl ...]
.
Former operations
*
London Overground
London Overground (also known simply as the Overground) is a Urban rail in the United Kingdom, suburban rail network serving London and its environs. Established in 2007 to take over Silverlink Metro routes, (via archive.org). it now serves a ...
: MTR and
Laing Rail
Arriva UK Trains Limited is the company that oversees Arriva's train operating companies in the United Kingdom. It gained its first franchises in February 2000. These were later lost, though several others were gained. In January 2010, with th ...
established a 50/50 joint venture (
MTR Laing
London Overground Rail Operations Limited was a train operating company contracted to operate the London Overground train service on the National Rail network, under the franchise control of Transport for London. The company was a 50/50 joint ...
) to bid for the
London Overground
London Overground (also known simply as the Overground) is a Urban rail in the United Kingdom, suburban rail network serving London and its environs. Established in 2007 to take over Silverlink Metro routes, (via archive.org). it now serves a ...
concession. MTR Laing won the bid and trading as
London Overground Rail Operations
London Overground Rail Operations Limited was a train operating company contracted to operate the London Overground train service on the National Rail network, under the franchise control of Transport for London. The company was a 50/50 joint ...
operated the concession from November 2007. After Laing Rail and
Arriva UK Trains
Arriva UK Trains Limited is the company that oversees Arriva's train operating companies in the United Kingdom. It gained its first franchises in February 2000. These were later lost, though several others were gained. In January 2010, with th ...
were brought under the same ownership of
Deutsche Bahn
The (; abbreviated as DB or DB AG) is the national railway company of Germany. Headquartered in the Bahntower in Berlin, it is a joint-stock company ( AG). The Federal Republic of Germany is its single shareholder.
describes itself as the se ...
in 2007 and 2010 respectively, Arriva took over the Laing Rail's share of the concession. In June 2015, MTR was shortlisted to bid for the next London Overground concession in its own right, but lost out to its partner Arriva.
Arriva Rail London took over full operation in November 2016.
Unsuccessful or withdrawn bids
*In 2004, MTR in a joint venture with
Sea Containers
Sea Containers was a Bermudan registered company which operated two main business areas: transport and container leasing. It filed for bankruptcy on 16 October 2006. In 2009 its maritime container interests were transferred to a new company SeaC ...
unsuccessfully bid for the
Integrated Kent franchise
The South Eastern franchise, also known as the Integrated Kent franchise, is a railway franchise for the provision of passenger services between London and Kent in South East England.
History
The South Eastern franchise was formed as a shadow ...
.
*In 2007, MTR was shortlisted to bid for the
West Midlands
West or Occident is one of the four cardinal directions or points of the compass. It is the opposite direction from east and is the direction in which the Sun sets on the Earth.
Etymology
The word "west" is a Germanic word passed into some ...
franchise, but did not lodge a bid.
*In February 2009, MTR Corporation were shortlisted to operate the
Tyne & Wear Metro
The Tyne and Wear Metro is an overground and underground light rail rapid transit system serving Newcastle upon Tyne, Gateshead, North Tyneside, South Tyneside, and the City of Sunderland (together forming Tyne and Wear). The network opened in ...
concession in
Newcastle upon Tyne
Newcastle upon Tyne ( RP: , ), or simply Newcastle, is a city and metropolitan borough in Tyne and Wear, England. The city is located on the River Tyne's northern bank and forms the largest part of the Tyneside built-up area. Newcastle is ...
.
*In November 2013, MTR was announced as a bidder for the
ScotRail
ScotRail Trains Limited, trading as ScotRail ( gd, Rèile na h-Alba), is a Scottish train operating company that is publicly owned by Scottish Rail Holdings on behalf of the Scottish Government. It has been operating the ScotRail franchise a ...
franchise.
*In April 2016, MTR was again shortlisted to bid for the
West Midlands
West or Occident is one of the four cardinal directions or points of the compass. It is the opposite direction from east and is the direction in which the Sun sets on the Earth.
Etymology
The word "west" is a Germanic word passed into some ...
franchise, however again withdrew.
*In October 2016, MTR was shortlisted to operate the
Wales & Borders franchise
, image_filename =
, image_size =
, caption =
, nameforarea = service area
, regions = Wales, North West England, the West Midlands, and Gloucestershire.
, operator = Transport for Wales Rail
, dates = 14 ...
.
*In June 2017 a joint venture between MTR and
Guangshen Railway Company
Guangshen Railway Co., Ltd. (GSRC) is the operator of Guangzhou-Shenzhen Railway (Guang-shen Railway), the 152-kilometre railway link between Guangzhou and Shenzhen in Guangdong, China. The company is engaged in railway passenger and freight tra ...
was shortlisted to bid for the
West Coast Partnership
The West Coast Partnership (WCP) is a railway franchise in the United Kingdom for passenger trains on the West Coast Main Line (WCML)(and branches thereof), between London Euston, the West Midlands, Shropshire, North Wales, Liverpool, Manchest ...
franchise to commence in 2019. In December 2018 Spanish operator
Renfe Operadora joined their bid. In August 2019, it was announced that MTR was unsuccessful in the bid, losing to a joint bid by First and Trenitalia.
Sweden
MTR Nordic AB is a subsidiary of MTR Corporation UK based in
Stockholm
Stockholm () is the Capital city, capital and List of urban areas in Sweden by population, largest city of Sweden as well as the List of urban areas in the Nordic countries, largest urban area in Scandinavia. Approximately 980,000 people liv ...
that operates in the public transportation sector through four subsidiaries. The CEO of MTR Nordic is Henrik Dahlin.
* MTR Tunnelbanan AB (known as MTR Stockholm AB until June 2016) is responsible for the operation, planning and maintenance of the
Stockholm Metro
The Stockholm metro ( sv, Stockholms tunnelbana) is a rapid transit system in Stockholm, Sweden. The first line opened in 1950, and today the system has 100 stations in use, of which 47 are underground and 53 above ground. There are three colou ...
. In January 2009, Tunnelbanan Teknik Stockholm, a 50/50 joint venture between MTR and
Mantena
Mantena is a Norwegian rolling stock maintenance company owned by the Ministry of Trade, Industry and Fisheries. It has workshops at Grorud and Lodalen in Oslo, Marienborg in Trondheim as well as in Skien, Drammen and Stavanger . In addition to ...
, was awarded the contract from
Storstockholms Lokaltrafik
Storstockholms Lokaltrafik, or more formally Aktiebolaget Storstockholms Lokaltrafik (Greater Stockholm Local Transit Company), is the organisation running all of the land based public transport systems in Stockholm County. It was previously k ...
(SL) to operate the network for eight years with an option to extend for another six years. MTR started operating the metro on 2 November 2009, and in September 2015 the six-year extension was granted. The current contract with Storstockholms Lokaltrafik (SL) for the metro extends to November 2023. In January 2016, MTR bought out its joint venture partner. The division has approximately 3,000 employees with Caroline Åstrand as its CEO.
* MTR Tech AB, formerly Tunnelbanan Teknik Stockholm AB (TBT), carries out maintenance of the
Stockholm Metro rolling stock. Its CEO is Erika Enestad.
* MTR Express (Sweden) AB operates long-distance trains between
Stockholm
Stockholm () is the Capital city, capital and List of urban areas in Sweden by population, largest city of Sweden as well as the List of urban areas in the Nordic countries, largest urban area in Scandinavia. Approximately 980,000 people liv ...
and
Gothenburg
Gothenburg (; abbreviated Gbg; sv, Göteborg ) is the second-largest city in Sweden, fifth-largest in the Nordic countries, and capital of the Västra Götaland County. It is situated by the Kattegat, on the west coast of Sweden, and has ...
with its own ticket sales using the brand name
MTR Express
MTRX is a Swedish company running open access intercity railway services between Gothenburg and Stockholm. It is a subsidiary of MTR Corporation through MTR Nordic.
In July 2013, MTRX was awarded paths to operate services between Gothenburg and ...
. The service, operational since 21 March 2015, uses six X74 (
Stadler Flirt) electric multiple units travelling at up to 200 km/h. The division has 90 employees based in both Stockholm and Gothenburg, led by CEO Joakim Sundh.
* MTR Pendeltågen AB has been the operator of
Stockholm commuter rail
Stockholm commuter rail ( sv, Stockholms pendeltåg) is the commuter rail system in Stockholm County, Sweden. The system is an important part of the public transport in Stockholm, and is controlled by Storstockholms Lokaltrafik. The tracks are ...
network since 11 December 2016. In December 2015, the Traffic Commission in the
Stockholm County Council
The Stockholm Regional Council ( sv, Region Stockholm), is a regional council, a regional municipal body corresponding to the territory of Stockholm County in Sweden. Its main responsibilities are the public healthcare system and public transp ...
decided that MTR would take overall responsibility for the network, trains, and stations in a contract for 10 years, with an option to extend for another four years.
SJ requested a review of the decision, but it was rejected by the Stockholm Administrative Court. MTR took over the service from the previous operator Stockholmståg. MTR Pendeltågen AB CEO is Mats Johannesson.
Australia
* Melbourne: In June 2009, the
Metro Trains Melbourne
Metro Trains Melbourne, often known simply as Metro, is the franchise operator of the electrified suburban passenger service on the Melbourne rail network. Metro Trains Melbourne is a joint venture between Hong Kong-based MTR Corporation (60% ...
consortium of MTR (60%),
John Holland and
United Rail (20% each) were selected to operate the
Melbourne suburban railway network, taking over from
Connex Melbourne
Connex Melbourne was a train operator in Melbourne, Australia. Formed in October 1997 as Hillside Trains, a business unit of the Public Transport Corporation, it was privatised in August 1999 becoming a subsidiary of Connex.
In April 2004, it ...
on 30 November 2009. In September 2016, the government opened negotiations with Metro Trains Melbourne to extend the contract for seven years until November 2024.
* Sydney: In June 2014, Northwest Rapid Transit, a consortium consisting of MTR (60%),
John Holland Group
The John Holland Group is an infrastructure, building, rail and transport business operating in Australia and New Zealand. Headquartered in Melbourne, it is a subsidiary of China Communications Construction.
History
The company was founded in ...
,
Leighton Contractors
CIMIC Group Limited (formerly Leighton Holdings) is an Australian construction contractor. It is active in the telecommunications, engineering and infrastructure, building and property, mining and resources, and environmental services industries ...
,
Plenary Group
Plenary Group is an Australian infrastructure investment business specialising in public–private partnerships. It was founded in 2004 by three former ABN Amro employees, with Deutsche Bank taking a 20% shareholding.
Operations
Projects which ...
and
UGL Rail
UGL Rail is an Australian rail company specialising in building, maintaining and refurbishing diesel locomotives, diesel and electric multiple units and freight wagons. It is a subsidiary of UGL Limited and is based in Melbourne, with a staff of ...
, was selected to deliver the
Sydney Metro Northwest
Sydney Metro Northwest was a rapid transit project involving the construction of a rail line through the north-western suburbs of Sydney, New South Wales, Australia. The line included the conversion of the existing Epping to Chatswood Ra ...
operations contract. As part of the consortium, MTR Corporation, John Holland and UGL Rail formed the
Metro Trains Sydney
Metro Trains Sydney Pty Ltd (MTS) is the operator of the Sydney Metro. It is a joint venture between Hong Kong-based MTR Corporation, John Holland Group and UGL Rail formed in September 2014. It operates the network with a fleet of 22 Alstom Met ...
joint venture to operate services on the line for 15 years. The North West Rail Link opened in May 2019.
China Mainland
Beijing
The company has also formed a joint-venture Beijing MTR Corporation Limited (49%) with Beijing Capital Group ("BCG") (49%) and the Beijing Infrastructure Investment Co ("BIIC") (2%) to build and operate for 30 years
Line 4,
Daxing line
The Daxing Line of the Beijing Subway () is a rapid transit line that connects the southern Daxing District of the city with the subway network. It extends Line 4 south from its southern terminus at Gongyixiqiao, on the 4th Ring Road in Fengta ...
,
Line 14,
Line 16 and
Line 17 of the
Beijing Subway
The Beijing Subway is the rapid transit system of Beijing Municipality that consists of 25 lines including 20 rapid transit lines, two airport rail links, one maglev line and 2 light rail lines, and 463 stations. The rail network extends acro ...
.
Hangzhou
The company formed a new joint-venture Hangzhou MTR with Hangzhou Metro Group in 2012 to operate
Line 1 of the
Hangzhou Metro
The Hangzhou Metro () is a rapid transit system that serves Hangzhou in Zhejiang province, China. The system opened on November 24, 2012. It is the 17th city in China to operate a rapid transit system.
Network
Metro
Commuter rail
Descrip ...
for 28 years, in which MTR holds 49% of the stock, while Hangzhou Metro Group holds the other 51% of the stock.
Line 5 of the
Hangzhou Metro
The Hangzhou Metro () is a rapid transit system that serves Hangzhou in Zhejiang province, China. The system opened on November 24, 2012. It is the 17th city in China to operate a rapid transit system.
Network
Metro
Commuter rail
Descrip ...
is operated by Hangzhou MTR Line 5 Ltd, which MTR holds 60% of the stock.
Shenzhen
The company concluded initials concession agreement to build phase 2 of the
Line 4 of the
Shenzhen Metro
The Shenzhen Metro () is the rapid transit system for the city of Shenzhen in Guangdong province, China. Extensions opened on 28 November 2022 put the network at of trackage, operating on 15 lines with 345 stations.
Shenzhen Metro is the 6th ...
, and to operate the whole line on a
BOT basis for 30 years from 1 July 2010. The phase 2 of Line 4 have been in operation for passengers since 16 June 2011.
Line 13, which is currently under construction, is also confirmed to be operated by MTR Corporation (Shenzhen).
Macau
MTR Railway Operations (Macau) Company Limited, a wholly owned subsidiary of MTR Corporation, operates the
Taipa Line of the
Macau Light Rapid Transit
, image = Metro Ligeiro de Macau logo.svg
, imagesize = 234px
, locale = Macau
, transit_type = Automated guideway transit
, lines = 1
, stations = 11
, ridership =
, website =
, began_operation = 10 December 2019 (Taipa Line)
, operati ...
(MLRT or MLM) in Macau since the line's opening on 10 December 2019. MTR will operate and maintain the line for 80 months.
References
External links
*
MTR Customer Website (English)Press release on Wuhan(
Adobe Systems
Adobe Inc. ( ), originally called Adobe Systems Incorporated, is an American multinational computer software company incorporated in Delaware
and headquartered in San Jose, California. It has historically specialized in software for the crea ...
Acrobat
Acrobatics () is the performance of human feats of balance, agility, and motor coordination. Acrobatic skills are used in performing arts, sporting events, and martial arts. Extensive use of acrobatic skills are most often performed in acro ...
PDF
Portable Document Format (PDF), standardized as ISO 32000, is a file format developed by Adobe in 1992 to present documents, including text formatting and images, in a manner independent of application software, hardware, and operating systems. ...
format)
History and Development of the Company EDGAR Online.
* MTR Expert
Business Setup in UAETransport for London press release
MTR Properties and MTR Property Management
Paradise Mall WebsiteLuk Yeung Galleria WebsiteTelford Plaza WebsiteResidents Portal
Documentaries
MTR Underground Iron – The Building of a Railway (1/5)MTR Underground Iron – The Building of a Railway (2/5)MTR Underground Iron – The Building of a Railway (3/5)MTR Underground Iron – The Building of a Railway (4/5)MTR Underground Iron – The Building of a Railway (5/5)
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Multinational companies headquartered in Hong Kong
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1972 establishments in Hong Kong
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