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Old January 15th, 2005, 12:53 AM   #601
vvill
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Quote:
Originally Posted by superchan7
They look like renovated East Rail stations. The mess of metal above is kind of annoying, but the overall atmosphere is not bad.

Did Gakei get a new camera? His old pictures always had this weird effect about them...they were kind of monotonous.
i don't know i just don't like the 'emergency' stand thingee that much..
it's the same as those found in east-rail stations.
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Old January 15th, 2005, 02:51 AM   #602
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Very nice pics!
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Old January 15th, 2005, 07:43 PM   #603
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HK's USI in JV to tender for HK$3.2 bln MTRC project

HONG KONG, Jan 13 (Reuters) - Property development firm USI Holdings Ltd. (0369.HK) said on Thursday it would set up a joint venture to tender for a Hong Kong property development project with a total investment of HK$3.2 billion (US$410.3 million).

USI, which would hold 50 percent of the joint venture, said the company would invest HK$1.6 billion in the project, which involves building five residential towers, a club house, car park and a commercial podium in Tseung Kwan O with total gross floor area of 139,840 square metres.

THe project is owned by subway operator and property developer MTR Corp. (0066.HK).

The joint venture company, which will be 50 percent owned by Nan Fung Development Ltd., will fund the development cost by internal resources and bank borrowings if they win.

USI shares have risen 34.3 percent in the past three months to close at HK$1.41 on Wednesday.
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Old January 16th, 2005, 09:24 AM   #604
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Old January 16th, 2005, 12:47 PM   #605
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Quote:
Originally Posted by hkskyline
Diamond Hill
Is Diamond Hill on the Kwun Tong line? So are they replacing the PSD's or installing new ones where there were none before?

A certain Hong Konger once told me that PSD's' are installed over night - why on earth have they left a gap, or is there some logic to this gap
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Old January 16th, 2005, 03:49 PM   #606
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Quote:
Originally Posted by nick-taylor
Is Diamond Hill on the Kwun Tong line? So are they replacing the PSD's or installing new ones where there were none before?

A certain Hong Konger once told me that PSD's' are installed over night - why on earth have they left a gap, or is there some logic to this gap
yes diamond hill is on the kwun tong line. no these PSDs are all new and it's part of the station renovation project which also include new ventilation system, roof claddings and lightings.

PSD's' are installed overnight but it's literally impossible to install all the screens during one single night. but screens which have been installed will be in operation immediately.
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Old January 16th, 2005, 05:27 PM   #607
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Quote:
Originally Posted by vvill
yes diamond hill is on the kwun tong line. no these PSDs are all new and it's part of the station renovation project which also include new ventilation system, roof claddings and lightings.

PSD's' are installed overnight but it's literally impossible to install all the screens during one single night. but screens which have been installed will be in operation immediately.
And there will be a platform assistance standing near the edge of the partly-completed PSDs to monitor and warn passengers. There will also be platform announcement to tell the passengers the PSDs are partly completed only.
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Old January 16th, 2005, 09:27 PM   #608
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Information signs displaying next train information is available for both the KCR and MTR systems. In fact, many cities use this technology already. London, for example, has this service available on the Underground and also at many bus stops.

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Old January 17th, 2005, 12:53 AM   #609
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Onboard announcement warning passengers of the newly installed screen doors:

Platform screen doors are now in use on this platform
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Old January 18th, 2005, 03:38 PM   #610
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Hong Kong Cheung Kong Wins MTRC's Tseung Kwan O Property Project Tender
Tuesday January 18, 4:29 AM EST

HONG KONG -(Dow Jones)- Hong Kong property firm Cheung Kong (Holdings) Ltd. ( 0001.HK) has won a tender to develop the first phase of MTR Corp.'s (0066.HK) residential project in Tseung Kwan O, the blue-chip railway operator said Tuesday.

Cheung Kong outbid 10 other developers for the project, which some analysts said will involve an investment cost of about HK$5 billion.

In a statement, MTRC said it has received strong responses from both large and medium-sized developers for the project, under which it will pay half of the land cost to share part of the development risk.

MTRC said it will sign a formal development agreement with Cheung Kong, but didn't disclose further financial details.

The Tseung Kwan O Area 86 project comprises a total site area of 326,000 square meters. The project is located in Tseung Kwan O, a booming residential area in east New Territories.

MTRC plans to develop the whole project over the next 10 years in different packages.

The first-phase development won by Cheung Kong has a site area of 14,266 square meters and a total gross floor area of 139,840 square meters.

-By Chan Ka Sing, Dow Jones Newswires; 852-2802-7002; [email protected]
-Edited by Sharon Buan
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Old January 18th, 2005, 06:25 PM   #611
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13 January 2005
Corporate Press Release
Disruption of West Rail and Light Rail services

KCR West Rail (WR) and Light Rail (LR) services were disrupted this morning in two separate incidents in Yuen Long and Tuen Mun districts respectively.

The tripping of power supply to a train at WR Yuen Long station occurred at 9:29 a.m. and triggered the safety protection mechanism of the power supply system, leading to a temporary isolation of electricity supply for southbound services between Long Ping Station and Tai Lam Tunnel.

The incident train stalled at Yuen Long Station and West Rail services between Tin Shui Wai and Tsuen Wan West stations were disrupted.

Twelve emergency buses were deployed to run between Tsuen Wan West and Tin Shui Wai stations via Kam Sheung Road, Yuen Long and Long Ping stations at five- to ten-minute intervals. A total of about 1,000 passengers were affected.

Emergency repairs were immediately carried out. Normal services started to resume at 10:08 a.m. when the incident train was removed from the site.

Preliminary investigations revealed that the tripping was caused by a short circuit in the pantograph assembly of the train. The Kowloon-Canton Railway Corporation (KCRC) would conduct a detailed investigation into the circuit breaker of the pantograph assembly to find out the cause of the tripping.

In another development, intermittent tripping of the power supply to the Pui To Road area occurred first at 9:15 a.m. and then at 10:30 a.m. The first tripping affected services briefly for 10 minutes and the Corporation initially suspected it was caused by a train fault. The power supply tripped again at 10:30 a.m. and KCRC staff immediately carried out physical inspection of each section of the overhead line system on site in the whole area. The problem was found to be caused by a damage to the insulation of a cable supplying electricity to the overhead line. After emergency repair, normal services resumed at 12:45 p.m.

During the affected period, northbound services of four Light Rail routes – 505 (Sam Shing Terminus – Siu Hong), 507 (Ferry Pier Terminus – Tin King), 751 (Tin Yat – Yau Oi) and 614 (Ferry Pier Terminus – Yuen Long Terminus) were diverted, affecting services at 12 stops in Tuen Mun. A total of about 500 passengers were affected.

Twenty-one feeder buses were deployed to supplement Light Rail services. The buses ran on three routes, namely between On Ting and Siu Hong, Sam Shing Terminus and Leung King and between Sam Shing Terminus and Siu Hong, at six- to eight-minute intervals.

Throughout the two incidents, announcements were continuously made inside stations and on trains to inform passengers of the disruption. Additional staff were deployed at stations to provide assistance to passengers.

Mr W K Tsui, General Manager-West Rail Operations, said the Corporation would conduct a detailed investigation into both incidents.

KCRC apologised for the inconvenience caused to passengers.
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Old January 20th, 2005, 03:46 PM   #612
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Railway union hopes nearing clarity
Valuing the merged entity and gaining MTR minority shareholders' approval of the deal are key hurdles

Denise Tsang
20 January 2005
South China Morning Post

The prospects of merging Hong Kong's two railway companies will become clear in the second quarter at the latest as the government seeks to overcome a significant hurdle to the deal - putting a value on the merged entity.

Although a joint feasibility study by the MTR Corp and Kowloon-Canton Railway Corp was submitted in September last year, it would take until March for the Environment, Transport and Works Bureau to finish reviewing the report, sources close to the government said yesterday.

The government also had to plan a merger structure that would be acceptable to 360,000 MTR minority shareholders.

"The primary and biggest hurdle of the merger is working out a reasonable valuation of the KCRC," one source said, as it involves the government selling the wholly owned KCRC to the partially privatised MTR.

"Other issues such as operation of the merged entity, fare levels and employees' rice bowls are not difficult to tackle in comparison."

The decision of MTR minority shareholders will be critical to a successful merger as the government is deemed a connected party under the listing rules and, therefore, not eligible to vote.

A government spokesman said it was still evaluating the merger report pending a decision on whether to go ahead or not. She declined to give a timeframe on the issue.

At a Legislative Council panel meeting tomorrow, Environment, Transport and Works Bureau chief Sarah Liao Sau-tung is due to update legislators on the latest progress of the merger study.

Sources said backing the merger intensely was the bureau, which wanted to accomplish its mission of bringing fares down.

"The transport bureau wants to press ahead with the merger as soon as possible because it wants to materialise a unified fare adjustment regime for public transport and the Sha Tin-Central rail project," one source said.

The merger, first proposed in 2002 when the MTR lost its bid for the Sha Tin-Central rail link to the KCRC, has cast a long shadow over the MTR's privatisation, with the government putting plans to offload a second tranche of shares on hold pending a decision.

According to Legislative Council papers issued earlier this week, discussions on the terms of the merger between the government and the MTR are proceeding.

As well as taking up much of the transport bureau's time, the Financial Services and the Treasury Bureau, headed by Frederick Ma Si-hang, was working with its joint financial advisers, HSBC and Citibank, on the structure of the merger, the sources said.

A recent study by public policy think-tank Civic Exchange estimated that a prerequisite to a commercially viable merger was for the government to write down at least half of KCRC's $60 billion net asset value and grant it property development rights.

In response to concerns that the government may sell the KCRC at a substantial discount to obtain MTR minority shareholders' support, a senior MTR official said last month that the government would not be worse off as a result.

"The government wholly owns the KCRC and owns 76 per cent of the MTR. If it sells the KCRC to the MTR, it is still the biggest shareholder of both companies and it's just a matter of transferring the KCRC from one pocket to another."
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Old January 20th, 2005, 05:56 PM   #613
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Railway union hopes nearing clarity
Valuing the merged entity and gaining MTR minority shareholders' approval of the deal are key hurdles

Denise Tsang
20 January 2005
South China Morning Post

The prospects of merging Hong Kong's two railway companies will become clear in the second quarter at the latest as the government seeks to overcome a significant hurdle to the deal - putting a value on the merged entity.

Although a joint feasibility study by the MTR Corp and Kowloon-Canton Railway Corp was submitted in September last year, it would take until March for the Environment, Transport and Works Bureau to finish reviewing the report, sources close to the government said yesterday.

The government also had to plan a merger structure that would be acceptable to 360,000 MTR minority shareholders.

"The primary and biggest hurdle of the merger is working out a reasonable valuation of the KCRC," one source said, as it involves the government selling the wholly owned KCRC to the partially privatised MTR.

"Other issues such as operation of the merged entity, fare levels and employees' rice bowls are not difficult to tackle in comparison."

The decision of MTR minority shareholders will be critical to a successful merger as the government is deemed a connected party under the listing rules and, therefore, not eligible to vote.

A government spokesman said it was still evaluating the merger report pending a decision on whether to go ahead or not. She declined to give a timeframe on the issue.

At a Legislative Council panel meeting tomorrow, Environment, Transport and Works Bureau chief Sarah Liao Sau-tung is due to update legislators on the latest progress of the merger study.

Sources said backing the merger intensely was the bureau, which wanted to accomplish its mission of bringing fares down.

"The transport bureau wants to press ahead with the merger as soon as possible because it wants to materialise a unified fare adjustment regime for public transport and the Sha Tin-Central rail project," one source said.

The merger, first proposed in 2002 when the MTR lost its bid for the Sha Tin-Central rail link to the KCRC, has cast a long shadow over the MTR's privatisation, with the government putting plans to offload a second tranche of shares on hold pending a decision.

According to Legislative Council papers issued earlier this week, discussions on the terms of the merger between the government and the MTR are proceeding.

As well as taking up much of the transport bureau's time, the Financial Services and the Treasury Bureau, headed by Frederick Ma Si-hang, was working with its joint financial advisers, HSBC and Citibank, on the structure of the merger, the sources said.

A recent study by public policy think-tank Civic Exchange estimated that a prerequisite to a commercially viable merger was for the government to write down at least half of KCRC's $60 billion net asset value and grant it property development rights.

In response to concerns that the government may sell the KCRC at a substantial discount to obtain MTR minority shareholders' support, a senior MTR official said last month that the government would not be worse off as a result.

"The government wholly owns the KCRC and owns 76 per cent of the MTR. If it sells the KCRC to the MTR, it is still the biggest shareholder of both companies and it's just a matter of transferring the KCRC from one pocket to another."
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Old January 21st, 2005, 06:21 PM   #614
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South China Morning Post
January 21, 2005
Chien: MTR merger talks remain on schedule
Eric Ng in Guangzhou

Talks on the terms of a planned merger between the MTR Corp and the Kowloon -Canton Railway Corp have seen some progress, according to MTR chairman Raymond Chien Kuo-fung.

When asked at the sidelines of the CEO Forum in Guangzhou yesterday whether the government would make a decision on the merger plan by March when it was due to revealing its 2005-06 budget, Mr Chien said: "I hope so."

It is understood that the Environment, Transport and Works Bureau will have completed by March the review of a joint study on the merger submitted by MTR and KCRC in September.

At the same time, the government is in talks with MTR over the terms of the merger as it expects to inject its wholly owned KCRC into semi-privatised MTR.

"Whatever proposal we end up with, it must balance the interests of the stakeholders, and MTR minority shareholders will have a final say in it," Mr Chien said.

But he added it would be difficult to meet every stakeholder's interests, saying: "If we satisfy every party's needs, there will be very little left for MTR shareholders."

There are conflicting goals within the government, with the Environment, Transport and Works Bureau aiming to bring down fares, while the Financial Services and Treasury Bureau wants to maximise the value of government assets.

Meanwhile, MTR planned to bring in investors to its railway project in Shenzhen to lower risks and share the investment of 6.36 billion yuan, Mr Chien said.

The corporation, which has a "build-operate-transfer" role in the project, is awaiting approval from the central government.
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Old January 22nd, 2005, 07:18 AM   #615
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Chien: MTR merger talks remain on schedule
Eric Ng in Guangzhou
21 January 2005
South China Morning Post

Talks on the terms of a planned merger between the MTR Corp and the Kowloon-Canton Railway Corp have seen some progress, according to MTR chairman Raymond Chien Kuo-fung.

When asked at the sidelines of the CEO Forum in Guangzhou yesterday whether the government would make a decision on the merger plan by March when it was due to revealing its 2005-06 budget, Mr Chien said: "I hope so."

It is understood that the Environment, Transport and Works Bureau will have completed by March the review of a joint study on the merger submitted by MTR and KCRC in September.

At the same time, the government is in talks with MTR over the terms of the merger as it expects to inject its wholly owned KCRC into semi-privatised MTR.

"Whatever proposal we end up with, it must balance the interests of the stakeholders, and MTR minority shareholders will have a final say in it," Mr Chien said.

But he added it would be difficult to meet every stakeholder's interests, saying: "If we satisfy every party's needs, there will be very little left for MTR shareholders."

There are conflicting goals within the government, with the Environment, Transport and Works Bureau aiming to bring down fares, while the Financial Services and Treasury Bureau wants to maximise the value of government assets.

Meanwhile, MTR planned to bring in investors to its railway project in Shenzhen to lower risks and share the investment of 6.36 billion yuan, Mr Chien said.

The corporation, which has a "build-operate-transfer" role in the project, is awaiting approval from the central government.
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Old January 23rd, 2005, 07:05 PM   #616
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By "ben2004" from a Hong Kong transport forum :





http://bus.hkbric.com/2005_01230069.AVI
Audio Recording
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Old January 24th, 2005, 08:09 PM   #617
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Rail line patronage less than half goal
Elaine Wu
24 January 2005
South China Morning Post

It has been one month since the opening of Ma On Shan Rail, but the KCRC still has a long way to go before hitting its projected daily passenger flow by year-end.

The rail operator has recorded an average of 80,000 to 90,000 passengers a day, compared to the target of 190,000 that Kowloon-Canton Railway Corporation chairman Michael Tien Puk-sun hopes to achieve by December.

Reaching that goal would bring the rail operator $245 million a year in revenue, more than enough to cover operating expenses of $227 million.

It is unclear how the corporation expects to achieve its target as the new line begins its sixth week in operation.

KCRC spokeswoman Ida Leung said it was considering various promotions to attract passengers, but refused to elaborate.

One previously announced programme is a monthly pass, but a decision on this has been delayed pending a three-month study of passenger patterns.

The Transport Department yesterday cut two bus routes that duplicated the rail service, with more scheduled to be axed.

But Sha Tin district councillors doubt the department's plan to increase the number of rail passengers will succeed.

Encouraging more people to move to the district is another approach to solving the problem. But the first phase of the residential development project atop Wu Kai Sha station will not be completed until 2008.

"It seems the number of passengers has thinned out a bit after the line's initial opening," Sha Tin District Council chairman Wai Kwok-hung said.

"I think it's going to be difficult to reach the 190,000 target."

The rail service has benefited some residents of the district, with commuters who live near the stations now opting to use the line as their link to Kowloon and Hong Kong Island.

Students who previously took buses that meander through towns have also switched to Ma On Shan Rail for a faster, and sometimes cheaper, ride.

Primary Six pupil Ng Chun-to said taking a train saved him $1.80 on each trip to school, as well as up to 10 minutes in travelling time.

For most commuters, the decision on whether to take the train largely depends on their proximity to the station and their destination.

Woo Choi-ling lives above Ma On Shan station but still takes the bus to work in Wong Tai Sin, saving herself the time required to change trains. "It is another choice, but it does not make much of a difference to me," she said.
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Old January 25th, 2005, 03:41 PM   #618
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By "ben2004" from a Hong Kong transport forum :









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Old January 29th, 2005, 02:39 AM   #619
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MTR linked to Tianjin-Beijing fast rail line
The Standard
Danny Chung
29 January 2005

Subway operator MTR Corp is in talks with the Tianjin city government to developa high-speed railway link to Beijing,a market source said.

The Hong Kong Economic Times, which reported the talks on Friday, said the 120-kilometer rail link would involvean investment of over 10 billion yuan (HK$9.43 billion). Trains would travel at up to 300 kilometers an hour and cover the journey in 30 minutes.

"There is a highway between Beijing and Tianjin, but its capacity isn't enough. We are planning to build highways and a high speed rail link," Shi Zhenjin, vice president of the Tianjin city commerce committee, was quoted as saying.

The MTRC declined to confirm the deal, saying that officials from "subway systems in many cities in the mainland are currently talking to us."

MTRC signed an agreement with Tianjin government in December to developa subway system in the city, which is awaiting Beijing's approval.

A market source said it would be very difficult to say what kind of work the MTRC would be involved in on the planned high-speed line: "If you look at its committed projects in Shenzhen and Beijing, the form of cooperation on those two projects are very different. The investment amount is also different. This is really project by project basis."
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Old January 29th, 2005, 05:54 PM   #620
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HK's MTR to pay half of HK$2.32 bln land premium

HONG KONG, Jan 27 (Reuters) - Hong Kong subway operator MTR Corp Ltd. said on Thursday it would pay half of the the government land premium of HK$2.32 billion (US$297.3 million) for a huge residential project in the New Territories.

The premium is a fee paid to the government to convert the site from its current use to a residential and commercial site.

A spokesman for the government controlled subway operator said the company would use its own resources to pay its 50 percent share of the premium, equivalent to HK$1.16 billion.

The other half of the premium is to be paid by the developer, a unit of Cheung Kong (Holdings) Ltd. , which last week won the first phase development tender. Cheung Kong is the property flagship of Hong Kong tycoon Li Ka-shing.

The 139,840 square-foot project in the rapidly developing suburban area of Tseung Kwan O in Sai Kung in the New Territories is scheduled to be completed by 2007 or 2008, and will comprise 2,096 flats in five residential towers.

MTR shares, which have risen 7.1 percent over the past three months, were flat at HK$12.10 by mid-day Thursday in a broader market that was up about 0.6 percent.

(US$1=HK$7.8)
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