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  • October 1, 2014
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  1. News - Hong Kong - TRANSPORT

    Plans for HK$110b expansion of Hong Kong rail network unveiled

    Posted Sep 17th 2014, 04:45pm by Timmy Sung and Phila Siu

    ... Timmy Sung and Phila Siu New and extended routes planned by 2026 to better serve existing communities and provide communication links for new developments HK$110b blueprint to extend railways Plans for seven new rail projects costing an estimated HK$110 billion have been unveiled by the government. A blueprint released yesterday by the Transport and Housing Bureau proposes four ...

    http://www.scmp.com/news/hong-kong/article/1594670/plans-hk110b-expansion-hong-kong-rail-network-unveiled
  2. News - Hong Kong - TRANSPORT

    Coastal Tsuen Wan-Tuen Mun railway not worth the cost, minister says

    Posted Sep 21st 2014, 05:14am by SHIRLEY ZHAO

    ... tracking the northwestern harbourfront was estimated at HK$65 billion and it would not generate enough returns to justify the price tag because demand in the communities it would serve was too low. ... lines; extra stations; and extensions to the MTR's Tung Chung and West Rail lines- costing about HK$110 billion. Work on the projects is expected to start in phases from 2018 to 2026. Kwun ...

    http://www.scmp.com/news/hong-kong/article/1597066/coastal-tsuen-wan-tuen-mun-railway-not-worth-cost-minister-says
  3. Property - Hong Kong & China - TRANSPORT

    Flat asking prices around planned MTR lines rise after announcement

    Posted Sep 23rd 2014, 02:19pm by Sandy Li

    ... stations and extensions to the MTR's Tung Chung and West Rail lines. It is estimated that the expansion will cost HK$110 billion. Property agents said the areas to benefit from the projects- ...

    http://www.scmp.com/property/hong-kong-china/article/1598651/asking-prices-rise-flats-around-planned-mtr-projects
  4. Business - Companies - TRANSPORT

    MTR wins contract for Sydney rail link

    Posted Sep 17th 2014, 10:54am by CHIM SAU-WAI

    ... Chim Sau-wai sauwai.chim@scmp.com HK firm will take the lead role in operating the North West Rail Link in Sydney from 2019 as it expands abroad amid a drop in property profit MTR consortium wins Australian railway contract MTR Corp and its consortium partners have won a A$3.7 billion (HK$26 billion) contract to deliver and operate Sydney's North West Rail Link, ...

    http://www.scmp.com/business/companies/article/1594464/mtr-wins-contract-sydney-rail-link
  5. News - Hong Kong - TRANSPORT

    Surprise new MTR line planned for Kwun Tong

    Posted Sep 18th 2014, 04:22am by FANNY FUNG, Phila Siu

    ... Fanny W. Y. Fung and Phila Siu However, there are fears the HK$27.5 billion project in the transport blueprint may never materialise due to geological obstacles Surprise new MTR line ... the geographical challenges would make it impossible. The planned East Kowloon Line was not one of the routes included in a public consultation last year, but with an estimated cost of HK$27.5 billion, ...

    http://www.scmp.com/news/hong-kong/article/1594877/surprise-new-mtr-line-planned-kwun-tong
  6. News - Hong Kong - TRANSPORT

    Budget for high-speed railway rises to HK$71 billion after delays, MTRC says

    Posted Aug 11th 2014, 07:35pm by NG KANG-CHUNG

    ... Ng Kang-chung kc.ng@scmp.com Budget for high-speed railway rises to HK$71b The price tag for the troubled cross-border express railway will go up by about 10 per cent to HK$71.52 billion ... is HK$71.52 billion," it said in a statement yesterday. "This figure is based on a detailed review of the revised programme for completion of the [rail link] in 2017 incorporating a range ...

    http://www.scmp.com/news/hong-kong/article/1571464/costs-cross-border-rail-link-jump-10-cent-because-new-delays-mtr-says
  7. News - Hong Kong - TRANSPORT

    Cost of high speed rail link swells to HK$80b in light of two-year delay

    Posted Aug 06th 2014, 04:50am by Phila Siu

    ... Phila Siu phila.siu@scmp.com MTR is adding HK$13 billion to price tag following announcement of two-year delay, says lawmaker, and he claims estimate is optimistic High-speed rail link cost put at HK$80b The delay in the construction of the cross-border express railway could see its cost rise from HK$67 billion to HK$80 billion, lawmaker Michael Tien Puk-sun quoted sources ...

    http://www.scmp.com/news/hong-kong/article/1567133/high-speed-rail-link-cost-put-hk80b
  8. News - Hong Kong - TRANSPORT

    MTR director rules out pay cut for failing managers

    Posted Sep 08th 2014, 06:05am by Tony Cheung, Gary Cheung

    ... to HK$71.5 billion. This did not, however, include related works such as footbridges, which would bring the new total to an estimated HK$73.5 billion. The original estimate for the total project in 2009 was HK$67 billion. When asked whether the MTR or the government should pay for the delay, Ma said there could be "legal arguments" on the question- especially when it could ...

    http://www.scmp.com/news/hong-kong/article/1587391/mtr-director-rules-out-pay-cut-failing-managers
  9. Business - Companies - TRANSPORT

    Train makers CNR and CSR seal 6.8b yuan in new orders

    Posted Sep 11th 2014, 09:15am by CHIM SAU-WAI

    ... Chim Sau-wai sauwai.chim@scmp.com Contracts positive sign after turbulence in the industry but CNR and CSR still find it tough selling high-speed rail technology overseas Train makers seal 6.8b yuan in new orders State-owned train makers China CNR Corp and CSR Corp have won new orders worth a total of 6.8 billion yuan (HK$8.6 billion), including overseas deals valued at 1.8 ...

    http://www.scmp.com/business/companies/article/1589965/china-cnr-signs-12-contracts-worth-65b-yuan
  10. Business - Economy - TRANSPORT

    China spends 405b yuan on railways in the first eight months

    Posted Sep 11th 2014, 06:02am by CHIM SAU-WAI

    ... on the year before to 405 billion yuan (HK$510 billion). However, huge losses in the first half at national rail operator, China Railway Corp, and high gearing have raised doubts about its ability ...

    http://www.scmp.com/business/economy/article/1589743/china-spends-405b-yuan-railways-first-eight-months

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