• Sat
  • Aug 23, 2014
  • Updated: 8:49am

Medium-Capacity Rail Transport System

MTR hopes fare rise will make up profits

The MTR has warned of slower customer growth this year, although transport earnings should still benefit from a 5.4 per cent fare increase that is due to be introduced later this year.

Friday, 4 May, 2012, 12:00am

Lawyer's bid to shut down MTR project backfires

The Court of First Instance has thrown out a man's attempt to halt construction of the new MTR South Island Line, branding it an abuse of process and ordering him to pay HK$95,000 in costs.

13 Oct 2011 - 12:00am

MTR wins approval to build on sites

The government yesterday gave MTR Corp the right to develop big residential properties on two premium sites, at an estimated cost of more than HK$88 billion, along the routes of the planned South Island Line and Kwun Tong Extension.

The development rights are meant to help fund the HK$17.7 billion cost of building the new train routes.

19 May 2011 - 12:00am

Cost of building South Island Line up 80pc on 2007 estimate

The long-awaited South Island Line (East) rail link is estimated to cost as much as HK$12.6 billion, an 80 per cent jump from the estimate when it was proposed in 2007.

1 Dec 2010 - 12:00am

55pc blowout fear on cost of new rail line

The HK$7 billion budget for building the South Island Line (East) may blow out by up to 55 per cent due to big rises in the price of construction materials, the MTR Corporation says.

This means the cost of the four-year railway project, due to be launched next year, could be as high as HK$10.8 billion.

27 Sep 2010 - 12:00am

Concerns over big MTR Corp housing estate

The government and the MTR Corporation are proposing to build 4,700 private residential flats on the site of the former public Wong Chuk Hang Estate, but the project's proposed building height has been opposed by district councillors there.

25 May 2010 - 12:00am

HK's high-speed rail link in danger of going over budget

Hong Kong's controversial high-speed rail project risks exceeding its HK$66.9 billion budget and five-year construction timetable, industry experts warn.

18 May 2010 - 12:00am

Massive railway platform lies idle in Central

A 220,000 square foot platform reserved for the Airport Express at Hong Kong station - almost as big as three soccer pitches - has been left unused for 11 years beneath prime real estate in Central.

The MTR Corporation says it was built 'for future development' of the railway as passenger numbers grew but still has no plan for when it will be put into service.

13 Nov 2009 - 12:00am

Talkback

Should the South Island Line be put underground?

We refer to the report 'Holy men join growing row over MTR viaduct', September 21, and recognise the importance of the MTR South Island Line. It will help alleviate traffic congestion, promote tourism and lead to urban renewal and economic development.

24 Sep 2009 - 12:00am

New plan for 7km rail line published

The scheme for the seven-kilometre-long South Island Line (East) was gazetted by the government yesterday. Work on the proposed railway line is expected to last from 2011 to 2015, and the service is expected to help reduce traffic in Southern District, particularly at the Aberdeen Tunnel.

25 Jul 2009 - 12:00am

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