The MTR Corp (MTRC) is part of a consortium bidding for a C$1.7 billion (HK$10.04 billion) rail project in Vancouver, Canada.
The corporation is making a push into overseas markets in the face of slowing growth at home, the most recent venture being a six billion yuan investment in a Shenzhen subway line.
The MTRC has joined forces with Fluor Canada, Siemens Canada and Balfour Beatty Capital Projects to form an equally owned consortium called RVALink Transportation, which is competing with two other consortiums for the Vancouver project.
The winning consortium will be awarded the right to design, build, partially finance, operate and maintain the planned rapid transit rail line for 35 years. The line will link Vancouver, the city's international airport and Richmond.
The rail line is estimated to cost between C$1.5 billion and $1.7 billion to build, with funding coming from the Canadian government, provincial government, Vancouver Airport Authority and the private sector.
Authorities hope to begin the project as early as spring next year.