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  • September 24, 2014
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  1. 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

    ... billion yuan, but analysts say efforts to sell mainland high-speed rail technology abroad still face difficulties. CNR had entered into 12 contracts with different companies and organisations ... expanding their overseas business, and Premier Li Keqiang has been promoting the mainland's high-speed rail technology abroad. But the new overseas orders do not feature high-speed, or CRH, ...

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

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

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

    ... This means that to reach its target the mainland would still have to invest another 400 billion yuan in the last four months of the year. However, China Railway is plagued by persistent high gearing. ...

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

    Breakdowns plaguing Beijing subway this year, report says

    Posted Sep 08th 2014, 04:49pm by WU NAN

    ... Wu Nan nan.wu@scmp.com MTR Corp operates one of the lines that had latest morning service interruptions, causing large numbers of passengers to be late for work The Beijing metro system is averaging a breakdown a week – a total of 39 – so far this year, mainland media reports. The latest breakdown occurred on August 26, which was actually breakdowns on two lines – Line ...

    http://www.scmp.com/news/china/article/1587888/breakdowns-plaguing-beijing-subway-year-report-says
  4. Business - China Business - TRANSPORT

    China to offer 300 billion yuan of railway contracts until end of the year

    Posted Sep 03rd 2014, 01:33am by CHIM SAU-WAI

    ... Chim Sau-wai sauwai.chim@scmp.com Mainland is expected to release 300 billion yuan in construction contracts for the rest of the year Railways spending set for big boost The mainland ... amounted to more than 100 billion yuan, rising over 10 per cent compared to the same period last year, said Yu. The increase of railway investment is viewed as part of the mainland's micro ...

    http://www.scmp.com/business/china-business/article/1584079/china-offer-300-billion-yuan-railway-contracts-until-end
  5. News - Hong Kong - TRANSPORT

    Unscrupulous taxi drivers overcharging Peak Tram tourists in off-meter scam

    Posted Aug 30th 2014, 06:27pm by Bryan Harris

    ... with an influx of mainland tourists providing "easy pickings" for dishonest drivers. An employee at the Peak Tram terminal, who identified herself as management staff, insisted ...

    http://www.scmp.com/news/hong-kong/article/1581964/taxis-overcharging-peak-tram-tourists-quadruple-fares-under-polices
  6. News - Hong Kong - TRANSPORT

    Airport Authority's incentive plan for new routes encounters turbulence

    Posted Aug 26th 2014, 11:49pm by Ernest Kao

    ... approved 245 applications- but a critic says many of the new destinations were smaller mainland cities. The authority insists the scheme is useful, but declines to say how much it has cost ... of the Chek Lap Kok airport. Many of the new routes were to inland destinations on the mainland, he said, while the planes assigned to these destinations were narrow-bodied jets with a low passenger ...

    http://www.scmp.com/news/hong-kong/article/1581008/airport-authoritys-incentive-plan-new-routes-encounters-turbulence
  7. News - China - TRANSPORT

    China sets the pace on bike sharing

    Posted Aug 25th 2014, 04:37am by BLOOM

    ... Bloomberg In seven years the mainland has gone from no public bicycles to 650,000 as it tackles pollution China sets pace on bike sharing Back in the summer of 1965, a group of self-styled anarchists whitewashed 50 bicycles and stationed them in the centre of Amsterdam. "We wanted to save the city," says Luud Schimmelpennink, 79, who invented the "White Bicycle ...

    http://www.scmp.com/news/china/article/1580363/china-sets-pace-bike-sharing
  8. News - Hong Kong - TRANSPORT

    Tramways owners plan to expand on mainland China to 'fill transport gap'

    Posted Jul 21st 2014, 06:20am by Ada Lee

    ... The companies which operate Hong Kong trams are looking to expand on the mainland. French companies Transdev and RATP Development say they are in discussions with a few mainland cities to build modern ... vice-president of RATP's business in Asia and the Middle East, said modern tram systems were becoming more popular on the mainland for their environmental benefits over other forms of transport. ...

    http://www.scmp.com/news/hong-kong/article/1556872/tramways-owners-plan-expand-mainland-china-fill-transport-gap
  9. Business - Companies - TRANSPORT

    Sinotrans Shipping net profit up, but glut weighs

    Posted Aug 05th 2014, 08:27pm by CHIM SAU-WAI

    ... of tonnage have led to difficulties," Li said, adding it would take one or two years to clear the inventory in the industry. Sinotrans is one of the biggest shipping companies on the mainland ... of Agriculture data showed that as of July 24, the mainland has imported 27.54 million tonnes of soyabeans from the US, up from 21.52 million tonnes a year ago. Most of the soyabeans are used either ...

    http://www.scmp.com/article/1567046/sinotrans-shipping-net-profit-glut-weighs
  10. Business - Companies - TRANSPORT

    MTR lands £1.4b contract to run London Crossrail

    Posted Jul 19th 2014, 03:42am by CHIM SAU-WAI

    ... its business abroad in recent years to avoid relying too much on property-related income. Apart from projects on the mainland, it also runs railway systems in Melbourne and Stockholm. On the mainland, the MTR is keen to promote its rail-and-property model as a solution to debt-laden railway businesses. The company already has experience working with Transport of London and it also ...

    http://www.scmp.com/business/companies/article/1556587/mtr-lands-ps14b-contract-run-london-crossrail

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