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Old January 9th, 2015, 08:25 AM   #3701
Silly_Walks
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Wow, 100,000 passengers a day for just 2 new stations and within only 12 days after opening? That's impressive!
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Old January 10th, 2015, 01:38 PM   #3702
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@Woonsocket54: On the depicted pictures the stops are quite empty, were those pictures shot in the first hours of opening or on A quiet day?
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Old January 15th, 2015, 07:25 PM   #3703
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Hong Kong government could sell its MTR and Disney shares 'to cope with future crisis'
7 January 2015
South China Morning Post Excerpt

Offloading shares in the MTR Corporation and Disneyland could be a way for the government to raise cash and cope with future financial crises, a fiscal adviser to the government told the South China Morning Post.

The option came from the government's working group on long-term fiscal planning, which also urged the administration to raise water tariffs. These have been frozen for nearly 20 years.

The group's second report, submitted to Financial Secretary John Tsang Chun-wah last month, adds to the first report, which predicted that the city could face a structural deficit in 10 years.

It gives details of how the government could cope with the possible financial burden of a rapidly greying population, including the establishment of a future fund with an aggressive investment strategy and better utilisation of government assets.

"We recommended raising funds by selling government shares in assets like the MTR Corporation and Disneyland, as long as the government remained the controlling shareholder," a working group member said.

"It is an available option for consideration when the government faces an imminent demand for cash."

The member, speaking on condition of anonymity, did not say when the assets should be sold, but added that the group had urged the government to consider raising water fees both to save water and raise cash.

The financial secretary's office said Tsang had yet to decide how much of the report's details would be announced in next month's budget.

As of December last year, the value of the government's net assets - including fixed assets like infrastructure and investments - stood at HK$1.5 trillion. About 20 per cent of this - HK$300 billion - was held in government business enterprises like the Airport Authority, the MTR Corporation, Disneyland, the Post Office Trading Fund and the Science and Technology Parks Corporation.

The market value of the MTR Corporation yesterday stood at HK$185 billion, of which the government holds a 76.5 per cent stake. While the government received dividend payments of HK$4 billion from the MTR Corporation in the 2013 fiscal year, the theme park - in which the government holds a 52.4 per cent stake - generated a profit of only HK$242 million in the same year.
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Old January 15th, 2015, 08:38 PM   #3704
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Why sell something for one-time income, when it is giving you a yearly income in the current situation?
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Old January 19th, 2015, 11:49 AM   #3705
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Quote:
Originally Posted by MTR MTR View Post

One question, when the MTR buys new rolling stock for the SCL will they have the same door alignments as the Pre merger MTR trains?

(Don't get it see here: MTR trains ==|~|==
And KCR trains =|=~=|=

Key:
= train no door
| door
~ between carriages)
SCL N/S line train mock ups



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Old January 20th, 2015, 07:11 PM   #3706
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Originally Posted by xeror View Post
It is not impossible but it does no benefit. East Rail Line trains (9-car, after Hung Hum to Admiralty extension is completed) is 3 times as long as South Island Line (3-car). If South Island Line uses 9-car train, the frequency will be reduced to one third. In addition, it needs 9-car train platforms for all stations. If East Rail Line uses 3-car train, it cannot fulfill the high demand along the line.
Got it, makes sense. Thanks.

Quote:
They have tracks between these two lines that trains can go from one to another but what's the benefit of switching the termini?
The improved linearity of the lines would improve efficiency in distribution of customers, at least theoretically. Lines that form lengthy "U" shapes, such as the Kwun Tong line after the extension to Whampoa, are inefficient compared to lines that are relatively linear. Of course, this may not be worth upsetting the pre-existing travel patterns for. However, it would be necessary to a decision to add another cross-harbor route from Whampoa, in which case it would make sense to send the Tsuen Wan line to the eastern end of Hong Kong island (say, North Point and/or Quarry Bay, which are very close to Kwun Tong line interchanges with the Tseung Kwan O line in the east already) while sending the Kwun Tong line to Central.
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Old January 20th, 2015, 07:18 PM   #3707
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star. Thankyou!
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Old January 24th, 2015, 09:03 PM   #3708
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MTR gives half-price gift for new year
22 January 2015
South China Morning Post Excerpt

Rail company says holiday discount is a thank you to its customers though some speculate it may be an attempt to gloss over a bad year

The MTR Corporation yesterday offset reports of its worst time-keeping performance in six years by announcing its first-ever special discounts for passengers during the Lunar New Year holiday.

The promotion will offer a special half-price discount for adults travelling on the network with an Octopus card on the second and third days of next month’s holidays. Those who already receive concessions, such as elderly and disabled people, children and students, will pay HK$1 per journey.

The railway company insisted the surprise move was to thank passengers for their support over the past 35 years and to celebrate the opening of the West Island Line last month. It dismissed speculation that the promotion was to defuse passengers’ grievances over repeated fare hikes in recent years. In June, fares were increased by 3.6 per cent.

The news of the holiday discount was announced as MTR rounded up its service performance last year. Although the train on-time rate was maintained at more than 99.9 per cent, it dropped slightly from 99.94 per cent to 99.91 per cent – the lowest since 2008.

There were also 12 major incidents that disrupted train services for 31 minutes or more last year. Although this is five more than in 2013, Dr Jacob Kam Chak-pui, MTR operations director, pointed out the amount of time lost had dropped.
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Old February 1st, 2015, 08:11 PM   #3709
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Another rainy day for Sai Ying Pun MTR station
29 January 2015
South China Morning Post Excerpt





A major contractor working on the MTR's West Island Line warned yesterday that the wet season could further hamper progress on one of the entrances to Sai Ying Pun station.

The entrances on First Street and Second Street are now all-but complete in time for the station's rescheduled opening at the end of March. However, the opening of the Ki Ling Lane entrance has already been delayed until the end of the year.

Construction of the entrances has been hampered by soft soil, which is why trains do not yet stop at Sai Ying Pun after the extension of the Island Line from Sheung Wan to Kennedy Town opened at the end of last year.

The problems saw Gammon Construction resort to an unusual, and slow-going, ground-freezing technique to harden the soil and make excavation easier.

One of its directors, Hau Chi-chiu, said yesterday that the first 80 metres of tunnelling towards Ki Ling Lane had now been completed, with 20 metres left to go.

As part of the ground-freezing process, pipes for the refrigerants were being sunk into this last stretch - and this should be completed in the next few weeks. It would then take two to three months to freeze soil to minus 10 degrees Celsius before drilling can begin, said Hau. But he warned: "If it is too rainy it will affect the time needed."
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Old February 20th, 2015, 06:01 PM   #3710
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By jackethuang from dcfever :

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Old February 21st, 2015, 06:05 PM   #3711
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MTR tests cameras to curb trouble
7 February 2015
South China Morning Post Excerpt



Hong Kong railway staff will use wearable video technology to record any angry clashes at a busy border station in a bid to improve the safety of passengers and workers.

Three clip-on video cameras will be introduced under a six-month trial at the Sheung Shui MTR station on Monday.

- too much quoted text deleted
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Old February 23rd, 2015, 05:42 PM   #3712
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By 風追空 from dcfever :

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Old March 6th, 2015, 12:40 PM   #3713
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By Sam1017 from dcfever :

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Last edited by hkskyline; March 7th, 2015 at 05:06 AM. Reason: wrong post
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Old March 6th, 2015, 06:42 PM   #3714
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What exactly are we looking at here?
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Old March 6th, 2015, 08:28 PM   #3715
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looks like a rock face
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Old March 9th, 2015, 02:42 PM   #3716
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Latest information from MTR - Sai Ying Pun station on Island line planned to be opened on 29 March:

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Old March 12th, 2015, 12:09 PM   #3717
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Old March 17th, 2015, 06:39 AM   #3718
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Kowloon property drives MTR success
The Standard Excerpt
Tuesday, March 17, 2015

Net profit at MTR Corp (0066) last year rose 20 percent to HK$15.6 billion, largely thanks to non-recurring property sales at two Kowloon projects.

Net income from property, totalling HK$3.55 billion, was two times higher, while those from recurrent business rose 7.9 percent to HK$8.02 billion. The rest, HK$4.04 billion, came from property revaluations.

A dividend of HK$1.05 apiece was declared, up 14.1 percent.

The firm said it will maintain a progressive dividend policy.

Sales from The Austin and Grand Austin brought in HK$4.22 billion.

The firm expects to launch, at most, four plots for sale this year, including two to three phases at Lohas Park in Tseung Kwan O with more than 5,000 units, as well as the Yuen Long station site.

Five sites were tendered out between last year and early this year, including Tai Wai station, Lohas Park Phases 4 to 6 and Tin Wing station.

Total revenue grew 3.74 percent to HK$40.16 billion, of which about two- thirds came from local businesses. Overall patronage from local rail services rose 5 percent to 1.55 billion.

The Occupy Central movement drove the number of customers up by about 1 percent compared to a year ago, said operations director Jacob Kam Chak-pui.

Its retail portfolio of 12 malls, including Elements, saw 13 percent of rental renewals last year.
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Old March 21st, 2015, 01:54 AM   #3719
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Does anyone know if Wikipedia is correct about the KTL extension:

Is Whompoa really gonna be a single side platform?

Are some trains gonna terminate at Ho Man Tin?
If that's true I think that's stupid
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Old March 21st, 2015, 08:34 AM   #3720
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Quote:
Originally Posted by MTR MTR View Post
Does anyone know if Wikipedia is correct about the KTL extension:

Is Whompoa really gonna be a single side platform?

Are some trains gonna terminate at Ho Man Tin?
If that's true I think that's stupid
Half of the the Kwun Tong line trains will be terminating at Ho Man Tin, the other half at Whampoa. In peak times the Kwun Tong line will run 30 trains per hour, so 15 trains per hour is still more than sufficient to service Whampoa. If you're interested there's a nice little diagram of the arrangement on the Chinese Wikipedia page: http://zh.wikipedia.org/zh-hk/%E9%BB...6%99%E6%B8%AF).
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