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Old March 4th, 2009, 07:42 AM   #2581
hkskyline
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MTR Corp in move against parallel traders
2 March 2009
South China Morning Post

In a move to combat parallel traders, the MTR Corporation will prosecute passengers who ignore warnings to move on and linger too long on platforms at Lo Wu and Sheung Shui stations, railway officials said yesterday.

The announcement comes as the MTR Corp has noticed increasing numbers of parallel-import traders waiting on station platforms to meet their collaborators - who bring goods to them bought in areas around the stations. To save ticket fees, traders often stay on the platforms.

Yesterday, temporary barriers were set up on the two stations' platform areas that connect the second, third and fourth cars of Lo Wu-bound trains. The barriers separate boarding from alighting passengers.

"Our staff will first advise people to leave if they stay on the platform for a long time, and will prosecute them if they continue to stay after repeated advice," MTR deputy operations director Li Yun-tai said.

Asked how long a wait on a platform would lead to prosecution, Mr Li said it would depend on the "actual situation".

The maximum penalty for ignoring such warnings is HK$2,000 under MTR Corp bylaws. The measure would be reviewed in a month. Dozens of staff would be recruited to implement the measure, Mr Li said. "We are looking for people with prosecution experience, and we will also hire from security service companies."

Democrat lawmaker Andrew Cheng Kar-foo said the measure was an understandable effort to tackle the problem of the traders, but the MTR Corp should specify how long a wait would trigger prosecution.

Meanwhile, at Lo Wu station the firm will install turnstile gates to crack down on fare dodgers.

The existing ticket gates, which make passage easier for passengers carrying large-size luggage, will be replaced early next month. One gate will be retained at both the departure and the arrival concourses.

Fare dodgers walk close together so they can both get through using only one Octopus card. Mr Li said turnstiles would be more effective in deterring fare dodgers.

The MTR Corp said more than 27,000 cases of fare dodging were detected last month, and 29 station employees were assaulted during ticket inspections last year. Attempts to cheat were particularly prevalent at stations along the East Rail Line.

As a result of MTR Corp staff and police working together to crack down on fare dodgers last month, no staff members were assaulted, Mr Li said. The number of fare dodgers dropped slightly from 2,772 in January to 2,623 last month.
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Old March 4th, 2009, 06:48 PM   #2582
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Quote:
Originally Posted by hkskyline View Post
MTR Corp in move against parallel traders
2 March 2009
South China Morning Post
Meanwhile, at Lo Wu station the firm will install turnstile gates to crack down on fare dodgers.
The existing ticket gates, which make passage easier for passengers carrying large-size luggage, will be replaced early next month. One gate will be retained at both the departure and the arrival concourses.
Fare dodgers walk close together so they can both get through using only one Octopus card. Mr Li said turnstiles would be more effective in deterring fare dodgers.
Although I think that replacing modern gates with turnstiles is a step backwards, I only hope that this is temporary until the smuggling problem decreases (or finds another way).
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Old March 5th, 2009, 02:00 AM   #2583
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Quote:
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Although I think that replacing modern gates with turnstiles is a step backwards, I only hope that this is temporary until the smuggling problem decreases (or finds another way).
The problem with these modern gates is that they don't close fast enough. However, i do agree that using traditional turnstiles are a step backwards, but if it stops these prosecutors, then why not.
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Old March 6th, 2009, 07:26 PM   #2584
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By bennyyung from dchome :





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Old March 10th, 2009, 01:15 PM   #2585
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MTR Press Releases:

2008 Annual Results

MTR CORPORATION LIMITED ANNOUNCEMENT OF AUDITED RESULTS
FOR THE YEAR ENDED 31 DECEMBER 2008
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Old March 11th, 2009, 05:10 AM   #2586
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Old March 14th, 2009, 05:11 PM   #2587
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HK's MTRC 2008 underlying net profit down 4.5 pct

HONG KONG, March 10 (Reuters) - Hong Kong's subway operator and property developer MTR Corp posted a 4.5 percent drop in underlying profit attributable to equity shareholders in 2008 as the global economic downturn weighed on housing demand.

MTRC, which runs the rail link between Guangzhou and Hong Kong and other transport operations in various cities in China, earned HK$8.18 billion in the year ended December, excluding investment property revaluation and related deferred tax. That compares with 2007 net profit of HK$8.6 billion or HK$1.54 per share.

Including investment property revaluation, net profit in 2008 stood at HK$8.28 billion, down sharply from HK$15.2 billion in the year earlier, company figures show.

The reported earnings per share were HK$1.45 before investment property revaluation and HK$1.47 after revaluation.

MTRC said profit on property development fell 43.8 percent to HK$4.67 billion in 2008 due to significant development profits booked in 2007.

The company said it hopes five new local rail projects on the drawing board and the Kowloon Southern Link project, when completed, would represent the most significant network expansion in its history and become a key contributor to its future growth.

"We are taking a cautious approach to 2009. Our rail business is by nature defensive. It is, however, sensitive to the level of unemployment," said chief executive officer C.K. Chow in the statement.
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Old March 19th, 2009, 01:55 PM   #2588
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MTR Press Release:
New LOHAS Park Station on Tseung Kwan O Line Ready for Opening Soon
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Old March 19th, 2009, 08:29 PM   #2589
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Quote:
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The schedule arrangements sounds pretty confusing-but I guess when more people live at LOHAS park, trains will run more rapidly.
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Old March 21st, 2009, 06:05 AM   #2590
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MTR link to Shenzhen to grow
19 March 2009
South China Morning Post

The MTR Corporation will build an extension of the Shenzhen Metro that will help connect Hong Kong and a new town north of Shenzhen city.

Phase two of the Shenzhen Metro Line 4 will consist of 10 stations running through northern Shenzhen, including Lianhuabei, Longhua new town and Qinghu.

It will connect with the line's phase one, which is managed by Shenzhen and comprises five stations starting from the Futian checkpoint. This means that passengers using the MTR's Lok Ma Chau spur line can get off at Lok Ma Chau, walk through the station lobby to Futian and board the metro to reach northern Shenzhen.

The MTR Corporation (Shenzhen) signed a concession agreement yesterday with the Shenzhen municipal government to operate Line 4 for 30 years. Investing HK$5.8 billion, the company will design and build the extension, which is expected to start operating in 2011.

But the company was not granted the right to develop property along the extension.

Chow Chung-kong, chief executive officer of the MTR Corp, said the Shenzhen municipal government would extend appropriate financial support to the project, and fares would remain stable.

He described the project as the biggest infrastructure item jointly developed across the two cities.

"We are delighted to have the opportunity to serve Shenzhen and contribute to its closer connection with Hong Kong," he said.

The MTR Corp is also working on arrangements to enable passengers to commute with the Octopus card and a Shenzhen equivalent system in both cities. A team of railway staff from Hong Kong and the mainland were to undertake the development, Mr Chow said.

Transport minister Eva Cheng said the governments would study whether the Guangzhou-Shenzhen-Hong Kong Express Rail Link could be connected to the extension to improve the regional network.
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Old March 22nd, 2009, 07:33 PM   #2591
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Old March 25th, 2009, 06:11 PM   #2592
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Mainland projects best hope for MTR
HK ridership down, fare outlook unclear

16 March 2009
South China Morning Post

Rail powerhouse MTR Corp may be running out of steam in recession-hit Hong Kong, but the mainland's multitrillion-yuan infrastructure spending binge could provide the firm with a much-needed engine of growth.

The project, in which MTR has a 100 per cent stake, will get an undisclosed subsidy from the Shenzhen municipal government.

In January, the company signed an agreement in principle with state rail firm Hangzhou Metro Group for the building, operation and maintenance of the 22 billion yuan Metro Line 1 project in Hangzhou, the first of eight planned subway lines in the city.

Although these projects are in the start-up stage, they have made marked progress as a result of the central government's 4 trillion yuan stimulus package.

The spending plan presents MTR with abundant growth opportunities, analysts say, as the firm's property-based funding model no longer works in Hong Kong, while the recession has been keeping some passengers off its trains.

UBS analyst Eric Wong said MTR, one of the word's few profitable rail operators, could leverage its experience and expertise in planning, building, operating and maintaining rail systems on the mainland.

"MTR is a prime candidate to catch any boats, but there are too many projects to catch within too short a time," Mr Wong said. "The question is whether the company has sufficient capacity to take these projects."

Hangzhou, Jiangxi and Wuhan are among hundreds of populous cities that rely on more polluting road transport.

Analysts say MTR is financially solid and can fund projects on the mainland. At the end of last year, net cash generated from operations stood at HK$3.69 billion, against net cash use in 2007 of HK$5.13 billion, as cash rolled in from the merger with Kowloon-Canton Railway Corp in late 2007. This lowered the net debt-equity ratio 6.4 percentage points to 42.1 per cent.

MTR finance director Lincoln Leong said the corporation was under no pressure to raise fresh funds, since it has available bank facilities of HK$10 billion.

Analysts say MTR can replicate its business model across the border by developing non-rail businesses such as station advertising, telecommunications rental, retail spaces and property development along rail lines.

In Hong Kong, the non-rail operations generated a 72.3 per cent jump in revenue to HK$6.16 billion last year, thanks to the merger. This complemented its fare revenue well. Fare revenue grew 61.2 per cent to HK$11.46 billion last year.

Under the HK$12.4 billion merger, train fares are dictated by a fare adjustment regime linked to consumer price inflation in the city and wages of the transport sector.

MTR chief executive Chow Chung-kong conceded the corporation had limited flexibility in determining fare levels and said it was too early to predict any adjustment. A fare review is due in July, but brokerage Morgan Stanley cautions that Hong Kong's deepening deflationary trend could lead to a fare cut.

Mr Chow also conceded that worsening unemployment has been keeping people off the MTR.

Investors reacted positively to last year's results, with the stock gaining 3.24 per cent or 54 HK cents since the results were announced. On Friday, it closed 2 HK cents or 0.71 per cent higher at HK$17.02.
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Old March 26th, 2009, 01:22 PM   #2593
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No Fare Adjust This Year.

Gov't Press Release:
Government responds to enquiries about MTRCL fare adjustment
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Old March 26th, 2009, 08:44 PM   #2594
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Quote:
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Yay!

Indeed. Stockholm SSCers are all liking this.

SL gets, hopefully, a better running and cleaner subway than Veolia (aka Connex) has provided. The stockholm subway is run on subsidies and ticketsales combined anyway, so SL never makes a profit.
I have to protest.

As SL are the ones paying for the service MTR gives them and decide how much and what should be done. Nothing will change. If they only want trains cleaned once a month then they will only pay for that and Connex/Veolia/MTR will only clean them once a month. You get what you pay for. A lot of the problems with Connex/Veolia was not their fault is was SL:s fault. I'm not saying Connex/Veolia is entirely without blame. It is just so easy to be fooled by SL when they have a scapegoat theny can blame.

Plus, the subway would be so filthy if the people that live in Stockholm weren't acting like pigs and peed, pooed, threw up, littered, had their dirty shoes on the seats, wrote tags and grafitti everywhere, prevented the doors on the trains from closing so the trains can't keep their scheduals, pulling the emergency breaks just for fun et.c. I'm sure that MTR don't have all those problems in Hong Kong.
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Old March 28th, 2009, 08:06 PM   #2595
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港鐵荃灣高架段淨身美化
24 March 2009

【東方日報專訊】本港空氣污染嚴重,飽歷風霜的鐵路高架橋牆身亦變得「烏卒卒」。港鐵計劃耗資七百萬元,今年內替荃灣線一段長一點九公里的高架橋「淨身」,以免烏黑的橋身影響景觀。同時,荃灣站在翻新後亦會加入藝術元素,讓學生將車站外的行人通道設計成藝術長廊。

中小學生參與粉飾

港鐵總建築師楊思偉指出,荃灣線通車超過二十年,車站及高架橋均需要翻新,其中荃灣、葵芳及葵興站,去年已花了四百二十萬元重新髹油。而該線由葵興至荔景一段一點九公里長的高架橋,去年中開始以高壓水槍「洗白白」,並髹上高耐用性的油漆,今年將完成翻新工程。

楊思偉表示,將為荃灣站加入藝術元素,由廿二家荃灣及葵青區中、小學,共五百名學生,一同設計車站旁全長三百呎的西樓角路行人天橋,主要是以馬賽克方式拼湊富地區特色的圖案,然後安裝到牆上,預料明年初將可完成。

他說,去年已完成5魚涌、柴灣、九龍灣、牛頭角及觀塘等八個車站的翻新工程,共耗資八百萬元,而觀塘線高架段翻新亦已完工,費用為一千三百萬元。
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Old March 29th, 2009, 08:55 PM   #2596
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That's great news for TWL. Next please get the ERL stations cleaned up.
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Old April 1st, 2009, 10:12 AM   #2597
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Gov't Press Release:
LCQ12: Lifts and escalators installed at the entrances/exits of MTR stations
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Old April 8th, 2009, 04:33 AM   #2598
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Old April 9th, 2009, 07:42 AM   #2599
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Another Documentary Video for the MTRC produced in 1990! This time for the first three MTR Lines (Kwan Tong Line, Tsuen Wan Line and Island Line). Posted by tpbvideo and Narrated in English. Enjoy!

Underground Pride Part I:


Underground Pride Part II:
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Old April 12th, 2009, 07:32 PM   #2600
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did anyone watch the news today? (Technically, 22 minutes late for yesterday in HK)

A woman fell off the platform at around 9:00 am in Kwai Fong Station. Two people who witnessed the fall immediatly grabbed the woman to help her get up. The MTR staff didn't even seem to notice until the woman was brought to the hospital and another passenger reported the incident to a staff member. Luckily there were no trains passing by at the time, and the woman only suffered minor injuries including a broken ankle.

Also according to the news, the MTR has proposed to build platform screen doors on 8 new stations by 2012.
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