MTRC

MTRC

The MTR Corporation (its original full name was Mass Transit Railway Corporation) is listed on the Hong Kong Exchange and is a constituent of the benchmark Hang Seng Index. MTRC operates the Hong Kong underground rail system and is a major property developer and landlord in the city. It also invests in railways outside Hong Kong.

MTR ditches UK-made trains to spend HK$6 billion with mainland Chinese manufacturer

A MTR C-Train approaching Kowloon Bay station delivered by mainland maker CNR Changchun Railway Vehicles Co., Ltd. in 2011.

The MTR's biggest ever purchase will replace 30-year-old first-generation trains on Kwun Tong, Tsuen Wan, Island and Tseung Kwan O lines. Under the new contract, the trains will be delivered by mainland maker CSR Qingdao Sifang between 2018 and 2023.

Thursday, 23 July, 2015, 4:52pm 60 comments

Hong Kong MTR passengers to be spared platform screen door costs

MTR operations manager Allen Ding shows some of the new platform gates at Tai Wai station, which is the start of the Ma On Shan line. Photo: May Tse

MTR passengers will be spared from paying for the installation of new automatic platform screen doors - which cost HK$400 million - even though commuters were charged 10 cents on top of their fare for previous work.

The installation of 1,280 screen doors will cover the Ma On Shan line and part of the Sha Tin to Central link. However, the project will not cover East Rail stations.

22 Jul 2015 - 3:38am 1 comment

New MTRC chairman Frederick Ma faces array of challenges

 Frederick Ma Si-hang joined the MTRC as an independent non-executive director in 2013 and headed a probe into the delay of the high-speed rail line to Guangzhou. Photo: Franke Tsang

The public has such high hopes of Frederick Ma Si-hang, who has been appointed as chairman of the Mass Transit Railway Corporation.

20 Jul 2015 - 12:23am 4 comments

We never pledged Hong Kong-mainland China high-speed rail link would finish on schedule: MTR chief

We never pledged Hong Kong-mainland China high-speed rail link would finish on schedule: MTR chief

The contract to build the delayed and over budget high-speed rail link between Hong Kong and mainland China does not impose an absolute obligation that the project be completed by next month, the MTR said.

16 Jul 2015 - 2:03pm 20 comments

Mediation by former rail chief saved HK$85.3b cost of Hong Kong high-speed rail link from going higher

The West Kowloon Terminus is mired in issues. Photo: Felix Wong

The cost of the cross-border high-speed rail project - which has ballooned to HK$85.3 billion - could have gone much higher if a former senior executive of the Kowloon-Canton Railway Corporation had not persuaded contractors to drop prices, New People's Party legislator Michael Tien Puk-sun said.

15 Jul 2015 - 3:14am 1 comment

Hong Kong MTR workers' union demands pay rise of 8pc

Union members protest at MTR headquarters. Photo: SCMP Pictures

A staff union that represents railway workers on the MTR has slammed the average 5.25 per cent pay rise offered by the MTR Corporation

9 Jul 2015 - 5:42am

Frederick Ma tapped as next chairman of Hong Kong's MTR Corp

Frederick Ma takes over at a difficult time. Photo: Franke Tsang

Former commerce secretary Frederick Ma Si-hang is to replace Raymond Chien Kuo-fung as chairman of the MTR Corporation for a three-year term starting on New Year's Day, the government announced yesterday.

8 Jul 2015 - 8:35am 6 comments

High-speed rail link to mainland China too idealistic from the start, Hong Kong transport minister admits

Delays to the project, including at the under-construction West Kowloon terminus, have seen completion pushed back to 2018. Photo: Felix Wong

The original estimate on the progress of Hong Kong’s cross-border high-speed rail link to mainland China in 2009 had been too idealistic, Secretary for Transport and Housing Professor Anthony Cheung Bing-leung admitted today.

7 Jul 2015 - 11:37am 16 comments

No carte blanche for Hong Kong's MTR over high-speed railway, says minister

Anthony Cheung addresses the MTR row. Photo: Franke Tsang

The MTR Corporation has demanded extra "management fees" from the public coffers on top of construction expenses incurred by the repeatedly delayed and increasingly costly rail link to Guangzhou.

5 Jul 2015 - 5:53am 8 comments

Lessons must be learned from the high-speed rail fiasco

The latest estimate has ballooned to HK$85.3 billion, 30 per cent more than the original budget. Photo: Felix Wong

Outrage is to be expected after the project to link Hong Kong with the national high-speed rail network was hit by delays and cost overruns again.

4 Jul 2015 - 12:53am 7 comments

Hong Kong government ‘not limited to HK$4.5b claim’ against MTR over delayed high-speed rail

The West Kowloon Terminus for a high-speed rail link to Guangzhou remains under construction. Photo: Felix Wong

The government has disagreed that HK$4.59 billion is the maximum it can claim against the MTR Corporation for responsibility over the delayed and over-budget cross-border high-speed rail link to Guangzhou.

4 Jul 2015 - 2:08am 6 comments

Scrap high-speed rail and turn Hong Kong terminus into underground shopping mall, says think tank

Construction continues at the West Kowloon terminus. Photo: Jonathan Wong

The massively over-budget high-speed rail link to Guangzhou should be shelved and the hole in the ground at West Kowloon replaced with a subterranean “commercial city” to avoid it going to waste, a member of an independent lobby group says.

1 Jul 2015 - 9:19pm 11 comments

Court fight over Hong Kong's MTR delay would hurt taxpayers, says corporate activist David Webb

Should there be legal action, MTR minority shareholders and taxpayers stood to be the biggest losers, activist David Webb said. Photos: Jonathan Wong, K.Y. Cheng

Potential legal action over the delayed high-speed rail link to Guangzhou would benefit no one, one corporate governance activist says, while a leading economist says the delay is likely to harm the economy through higher construction costs and delayed economic benefit.

1 Jul 2015 - 2:55am 3 comments

MTR, Hong Kong government on collision course as cost of Guangzhou rail link soars to HK$85.3 billion

West Kowloon Terminus. Construction costs for the Express Rail project have jumped to over HK$80 billion. Photo: Jonathan Wong

The government is heading for a major showdown with the MTR Corporation over the delayed high-speed railway link to Guangzhou after the latest estimate released yesterday showed the cost of the project had ballooned to HK$85.3 billion.

1 Jul 2015 - 9:21am 9 comments

Problems stack up for Hong Kong MTR after link delays, three disruptions in one day

The West Kowloon Terminus for the much delayed and over-budget high-speed rail link to Guangzhou. Photo: Jonathan Wong

The MTR was hit by service disruption on three lines in just one day yesterday, as corporation chiefs met behind closed doors to discuss bigger problems with the over-budget high-speed rail link to Guangzhou.

27 Jun 2015 - 2:17pm

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