MTR Corp

Developers may name land premium in bids for new MTR site

The government is not expecting to receive as much land premium as it originally sought for the site at the Tin Wing Light Rail stop. Photo: Felix Wong

The unusual absence of a specific land premium payable in the latest tender document for a large residential site owned by MTR Corp in Tin Shui Wai signals the government’s desperation to achieve its housing target for this fiscal year.

Wednesday, 1 January, 2014, 11:30am

Loose wire cited in MTR meltdown

Tony Lee shows how the overhead power line dangles from the ceiling after a copper wire that kept it in place broke. Photo: Ada Lee

Faulty design, defective material or poor workmanship could have caused the five-hour disruption on the MTR's Tseung Kwan O line on Monday, the railway company said yesterday.

21 Dec 2013 - 7:51am 1 comment

Probe into Monday's power failure on Tseung Kwan O line continues

MTR staff inspects a train in Yau Tong Station after train services are suspended due to a power supply fault. Photo: K.Y. Cheng

MTR is still investigating the cause of the power failure which halted train services for five hours on Monday.

17 Dec 2013 - 2:44pm

Thousands hit in five hours of travel chaos after MTR power blackout

Firefighters at Yau Tong Station. Photo: Cheung Chi-fai

A power failure on the Tseung Kwan O line halted MTR services for nearly five hours yesterday, plunging the city's transport network into chaos.

A Yau Ma Tei-bound train broke down in a tunnel at 12.40pm, forcing about 150 passengers to walk on the track to Yau Tong station.

17 Dec 2013 - 12:23pm 24 comments

Baby among 77 injured after train derails in Tin Shui Wai

Paramedics and firefighters rushed to the accident site to help the injured. Photo: David Wong

More than 70 passengers were injured when a light-rail train left its tracks in Tin Shui Wai, Yuen Long, on Friday. It was the most serious derailment in the 25-year history of the transport system essential to the northwest New Territories.

18 May 2013 - 11:43am

MTR railway fares to go up by 2.7pc in June

Anthony Cheung Bing-leung (left), Secretary for Transport and Housing, and Raymond Ch'ien, MTR chairman, announce the new fare rise on Tuesday. Photo: Dickson Lee

A ride on the MTR is going to cost more from June. Fares will go up 2.7 per cent - but it could have been as much as 3.2 per cent. The increase was announced yesterday after completion of a review of the formula for calculating fare rises.

17 Apr 2013 - 4:18am 1 comment

A lot on the line

MTR Corp's deputy chief executive Lincoln Leong is eyeing metro networks that will more than double in size by 2020. Photo: Felix Wong

Urban railway operator MTR Corp wants to export the successful property-plus-rail model it operates in Hong Kong to the mainland, but faces obstacles in laws relating to the sale of land.

15 Apr 2013 - 5:33am

Developers make no bids for MTR Corp's Tin Shui Wai homes site

Kingswood Villa, Tin Shui Wai. Photo: Edward Wong

MTR Corp has withdrawn its residential site in Tin Shui Wai from tendering, as no developer submitted a bid for the site by the deadline yesterday. Surveyors said the land premium charged by the Lands Department was too high.

21 Feb 2013 - 6:07am

Business Digest, November 7, 2012

MTR Corp signs subway deal with Beijing Metro

Office unit sales hit 19-month high

7 Nov 2012 - 3:36am

More time sought to review MTR fare hike

A woman protests against MTR's fare hike in May. Photo: Sam Tsang

Lawmakers have urged the government to give them more time – until the end of the year – for their public consultation on how the MTR calculates its fare increases.

29 Aug 2013 - 4:13am

Developers wary over Bayside site

Developers are expected to bid conservatively for the tender of a residential site in Tsuen Wan West, despite the site's location on the waterfront and next to an MTR station.

Fourteen developers which had shown interest in the Bayside residential site were invited to submit bids. The tender will close today.

15 Aug 2012 - 11:11pm

MTR drops Tai wai tender on low bids

The MTR Corp's HK$30 billion Tai Wai Station residential project was pulled from tender yesterday because the bids were too low.

It was the second time this year the MTR Corp has withdrawn a project after failing to attract high enough bids.

10 Jul 2012 - 12:00am

New MTR line will have no drivers

Driverless trains like those serving Disneyland will transport passengers along the new South Island line when it opens in 2015.

The MTR Corp announcement yesterday came with details of services on the 7km line from Admiralty to South Horizons via Ocean Park, Wong Chuk Hang and Lei Tung.

17 Apr 2012 - 12:00am

MTR fares poised to increase by 5.4pc in June

Fares are likely to rise 5.4 per cent in June, in the third and largest increase since a fare-adjustment formula came into effect in 2007, the MTR Corp said yesterday.

27 Mar 2012 - 12:00am

MTR Corp profits up 22pc to HK$14.7b

Net profit at MTR Corporation, the city's only rail operator, climbed 22 per cent to HK$14.7 billion last year thanks to better earnings from its property and commercial businesses and its overseas rail operations, the company said yesterday.

9 Mar 2012 - 12:00am