daily menu » rate the banner | guess the city | one on oneforums map | privacy policy | DMCA | news magazine | posting guidelines

Go Back   SkyscraperCity > Infrastructure and Mobility Forums > Subways and Urban Transport

Subways and Urban Transport Metros, subways, light rail, trams, buses and other local transport systems



Global Announcement

As a general reminder, please respect others and respect copyrights. Go here to familiarize yourself with our posting policy.


Reply

 
Thread Tools
Old February 10th, 2005, 04:12 PM   #641
hkskyline
Hong Kong
 
hkskyline's Avatar
 
Join Date: Sep 2002
Posts: 86,891
Likes (Received): 18161

By "ben2004" from a Hong Kong transport forum :





__________________
Hong Kong Photo Gallery - Click Here for the Hong Kong Galleries

World Photo Gallery - | St. Petersburg, Russia | Pyongyang | Tokyo | Istanbul | Dubai | Shanghai | Mumbai | Bangkok | Sydney

New York, London, Prague, Iceland, Rocky Mountains, Angkor Wat, Sri Lanka, Poland, Myanmar, and much more!
hkskyline no está en línea   Reply With Quote

Sponsored Links
Old February 10th, 2005, 07:53 PM   #642
superchan7
EOS 40D
 
superchan7's Avatar
 
Join Date: Jan 2004
Location: San Jose, CA, USA / Hong Kong, China
Posts: 2,098
Likes (Received): 23

They extended the Tung Chung Line trains to 8 cars...the Airport Express still runs 7-car trains, right?

And what's with that ugly strip of peeling materials right above the front windows?! These trains aren't even 7 years old!
__________________
I speak English / 我講中文 / Ich spreche deutsch / 3y3 5p34k L337
superchan7 no está en línea   Reply With Quote
Old February 11th, 2005, 12:10 AM   #643
hkskyline
Hong Kong
 
hkskyline's Avatar
 
Join Date: Sep 2002
Posts: 86,891
Likes (Received): 18161

February 7, 2005
Government Press Release
Beijing Metro Line concession agreement initialled

The MTR Corporation and its public-private partnership have initialled a concession agreement for Beijing Metro Line Four with the municipal government. MTR Chief Executive Officer CK Chow said the agreement marks an important milestone for the company's participation in Mainland metro development.

Secretary for Environment, Transport & Works Dr Sarah Liao said the investment signifies the introduction of the Hong Kong brand into the nation's capital.

The partnership project company will soon seek tenders for the provision of trains and related electrical and mechanical systems, as well as the preparation work for the operation and management of the new line.

The agreement has a term of 30 years with a total investment of 15.3 billion yuan, 70% of which will be funded by the Beijing Municipal Government.

Big investment

The project company, with a registered capital of 1.5 billion yuan, will invest five billion yuan. Both the MTRC and the municipal government will each own 49% of the joint venture company whilst Beijing Infrastructure Investment will own 2%.

Two-thirds of the investment of the project company is expected to be funded by non-recourse bank loans. The equity investment by the MTRC will be 735 million yuan.

The land acquisition and civil works construction is being conducted by Beijing Infrastructure Investment on behalf of the municipal government. Civil works started in October 2003.

The 29-kilometre underground line runs from Ma Jia Lou Station on the South Fourth Ring Road to the northwest Hai Dian District and terminates at Long Bei Cun Station.
__________________
Hong Kong Photo Gallery - Click Here for the Hong Kong Galleries

World Photo Gallery - | St. Petersburg, Russia | Pyongyang | Tokyo | Istanbul | Dubai | Shanghai | Mumbai | Bangkok | Sydney

New York, London, Prague, Iceland, Rocky Mountains, Angkor Wat, Sri Lanka, Poland, Myanmar, and much more!
hkskyline no está en línea   Reply With Quote
Old February 19th, 2005, 06:06 PM   #644
hkskyline
Hong Kong
 
hkskyline's Avatar
 
Join Date: Sep 2002
Posts: 86,891
Likes (Received): 18161

Not in Service by [email protected] from a Hong Kong transport forum :

__________________
Hong Kong Photo Gallery - Click Here for the Hong Kong Galleries

World Photo Gallery - | St. Petersburg, Russia | Pyongyang | Tokyo | Istanbul | Dubai | Shanghai | Mumbai | Bangkok | Sydney

New York, London, Prague, Iceland, Rocky Mountains, Angkor Wat, Sri Lanka, Poland, Myanmar, and much more!
hkskyline no está en línea   Reply With Quote
Old February 21st, 2005, 11:22 PM   #645
hkskyline
Hong Kong
 
hkskyline's Avatar
 
Join Date: Sep 2002
Posts: 86,891
Likes (Received): 18161

By Tony Ng from a Hong Kong transport forum :

Videos - Service Delay

http://vvvf.ogakoto.net/kcrwr-sih-fault-4.mpg
http://vvvf.ogakoto.net/kcrwr-sih-fault-5.mpg
http://vvvf.ogakoto.net/kcrwr-sih-fault-6.mpg





__________________
Hong Kong Photo Gallery - Click Here for the Hong Kong Galleries

World Photo Gallery - | St. Petersburg, Russia | Pyongyang | Tokyo | Istanbul | Dubai | Shanghai | Mumbai | Bangkok | Sydney

New York, London, Prague, Iceland, Rocky Mountains, Angkor Wat, Sri Lanka, Poland, Myanmar, and much more!
hkskyline no está en línea   Reply With Quote
Old February 22nd, 2005, 11:07 PM   #646
ailiton
Toffy
 
Join Date: Apr 2003
Location: Toronto
Posts: 404
Likes (Received): 1

..

Last edited by ailiton; February 23rd, 2005 at 09:00 PM.
ailiton no está en línea   Reply With Quote
Old February 23rd, 2005, 06:01 PM   #647
hkskyline
Hong Kong
 
hkskyline's Avatar
 
Join Date: Sep 2002
Posts: 86,891
Likes (Received): 18161

KCRC on track for bumper profits
Chairman says stringent control over costs has borne fruit

Elaine Wu
23 February 2005
South China Morning Post

Better-than-expected passenger numbers on the West Rail line and strong cost control measures helped KCRC earn more last year than expected, chairman Michael Tien Puk-sun said yesterday.

The rail operator now predicts that it generated $400 million to $500 million in income before taxes last year, up from its previous estimate of $300 million.

Mr Tien said rail executives had done a lot in controlling costs. A better-than-expected recovery in the retail sector and a passenger count of more than 170,000 a day on the West Kowloon-Tuen Mun line also helped boost income.

But the current passenger flow on West Rail is still short of the target of 200,000 passengers a day.

The Kowloon-Canton Railway Corporation introduced promotional discounts of up to a 60 per cent last summer to attract more passengers. Some of these promotions are still in place.

Meanwhile, the newly opened Ma On Shan Rail is still operating at 80,000 to 90,000 passengers a day, or about half its target of 190,000 by the end of its first year of operation in December.

Mr Tien said the company was still studying the best price for a monthly pass to attract more passengers. Promoting some of the sightseeing locations along the line would also attract weekend travellers to the line, he added.

The KCRC usually submits its annual report with financial results to the Legislative Council in March or April.

This year marks the first time that about 10 top managers of the rail operator would begin floating 20 per cent of their salary on a variable pay scale based on the company's overall performance.

This means these directors and general managers would not get that portion of their pay if the company performed poorly. But if the results are better than expected, they would receive that amount and a bonus.

Mr Tien said management had set out about a dozen variables to judge the company's performance, including the number of passengers using the rail lines and the lines' safety and punctuality.

Results from passenger surveys on customer service would also be used as an indicator.

The variable pay scale would ensure these executives would work towards the same goals, Mr Tien said. He would consider expanding it to middle managers after staff get used to it.

"I am happy top management accepted this challenge," he said.

For the rest of the staff, Mr Tien said the company, wholly owned by the government, would follow its usual practice when considering a pay rise by studying about a dozen benchmark companies. The practice was adopted to ensure the company's salaries were in line with those in the rest of the market.
__________________
Hong Kong Photo Gallery - Click Here for the Hong Kong Galleries

World Photo Gallery - | St. Petersburg, Russia | Pyongyang | Tokyo | Istanbul | Dubai | Shanghai | Mumbai | Bangkok | Sydney

New York, London, Prague, Iceland, Rocky Mountains, Angkor Wat, Sri Lanka, Poland, Myanmar, and much more!
hkskyline no está en línea   Reply With Quote
Old February 23rd, 2005, 10:11 PM   #648
hkskyline
Hong Kong
 
hkskyline's Avatar
 
Join Date: Sep 2002
Posts: 86,891
Likes (Received): 18161

Turnover key to any MTRC China listing
Danny Chung, Hong Kong Standard
February 24, 2005

The Mass Transit Railway Corp (MTRC) will not list on the mainland's stock markets until it has gained significant business across the border.

"If we have quite a large turnover in a place, then we might list in that place," chairman Raymond Ch'ien told RTHK.

With the possibilities for further growth at home diminishing, MTRC has stepped up its hunt for business in the mainland.

Ch'ien said the subway operator is currently talking to the city governments of Shanghai and Tianjin about cooperative projects.

Earlier this month, it signed a 30-year concession agreement with the Beijing municipal government for the construction and operation of the capital's Metro Line 4 - due to be finished in 2008. MTRC will pay 735 million yuan (HK$692.88 million) for a 49 percent equity stake in the private-public partnership.

In January last year, it secured its first development project outside Hong Kong - an agreement in principle to build phase 2 of Line 4 of the Shenzhen Metro and operate the entire line, due to be finished in 2008, for 30 years.

A major part of the Shenzhen deal is the right to develop property at stations along the line. Its Beijing project carries no such privilege.

JPMorgan analyst Edmond Lee said it is still "early days" where a mainland listing for MTRC is concerned, "because the [mainland] projects will not make an earnings contribution for quite a while," he said. Another analyst agrees, saying it will take years before the MTRC sees cash flow from its mainland projects.

"The Shenzhen line - that's just an 18-kilometer stretch of rail. I don't think you could IPO that separately," he said. There is "very little to get excited about" in the Shenzhen project, apart from the real estate possibilities, he added.

Ch'ien said that in 10 or 20 years, the MTRC would own more track abroad than it does in Hong Kong.
__________________
Hong Kong Photo Gallery - Click Here for the Hong Kong Galleries

World Photo Gallery - | St. Petersburg, Russia | Pyongyang | Tokyo | Istanbul | Dubai | Shanghai | Mumbai | Bangkok | Sydney

New York, London, Prague, Iceland, Rocky Mountains, Angkor Wat, Sri Lanka, Poland, Myanmar, and much more!
hkskyline no está en línea   Reply With Quote
Old February 24th, 2005, 11:47 PM   #649
hkskyline
Hong Kong
 
hkskyline's Avatar
 
Join Date: Sep 2002
Posts: 86,891
Likes (Received): 18161

New World, MTR poised for $4b sales
Raymond Wang, Hong Kong Standard
February 25, 2005

New World Development and MTR Corp are poised to rake in HK$4 billion from the sale of The Grandiose, a joint-venture residential project above Tseung Kwan O station.

They have raised their price targets following Tuesday's government land auction that saw a commercial site in Kowloon Bay sell for far more than expected.

New World sales and marketing director Barbara Ho said the company expects to start pre-sale of the uncompleted flats in the middle of next month when the sales consent is granted.

Located at Tseung Kwan O Area 55B, next to the Dream City housing development, the project will feature three residential towers with a total of 1,472 flats. It is due for completion in the middle of next year.

Ho expects the first batch of flats to be priced at about HK$4,000 per square foot, compared with prevailing prices of HK$3,500 to HK$3,800 psf in the Tsueng Kwan O secondary market.

"The higher-than-expected transaction price of a Kowloon Bay site at Tuesday's government land auction will further help boost market sentiment, so we have raised the expected price tag of The Grandiose by more than 5 percent to HK$4,000 psf from HK$3,800 psf," she said.

Flats in the Tseung Kwan O project range in size from 580 square feet to 1,020 sq ft.

The project includes a shopping arcade of 170,000 to 180,000 sqft.

New World is already selling flats in The Merton, a joint-venture residential project with the Urban Renewal Authority in Kennedy Town, Western District.

Managing director Henry Cheng said this week that New World could count on HK$4 billion from sales of The Merton, which will not be completed for eight months.

New World is expected to use the revenue from the two residential projects to pay down debt.

New World shares rose 1.96 percent to close at HK$7.8 on Thursday.

Meanwhile, Chun Wo Holdings said it would launch the remaining 90 apartments of the Choi Hung tower, 8 Clear Water Bay Road, with the selling price likely to increase by 5 percent. Property development general manager Clement Ying said homes in the development are currently on offer at HK$6,500 to HK$8,000 psf.
__________________
Hong Kong Photo Gallery - Click Here for the Hong Kong Galleries

World Photo Gallery - | St. Petersburg, Russia | Pyongyang | Tokyo | Istanbul | Dubai | Shanghai | Mumbai | Bangkok | Sydney

New York, London, Prague, Iceland, Rocky Mountains, Angkor Wat, Sri Lanka, Poland, Myanmar, and much more!
hkskyline no está en línea   Reply With Quote
Old February 25th, 2005, 02:13 PM   #650
hkskyline
Hong Kong
 
hkskyline's Avatar
 
Join Date: Sep 2002
Posts: 86,891
Likes (Received): 18161

Retrofitting of platform screen doors at MTR stations
Wednesday, February 23, 2005

Following is a question by the Hon Leung Yiu-chung and a reply by the Secretary for the Environment, Transport and Works, Dr Sarah Liao, in the Legislative Council meeting today (February 23):

Question:

Regarding the retrofitting of platform screen doors at the MTR stations at ground and elevated levels, as well as the safety of MTR passengers with disabilities, will the Government inform this Council whether it knows:

(a) the average costs involved in retrofitting screen doors at the above stations, and how they compare to the corresponding costs in respect of underground MTR stations; and

(b) the number of accidents involving passengers falling onto rail tracks at MTR stations in each of the past 10 years and, among them, the respective numbers of visually and physically handicapped passengers who were injured or died as a result?

Reply:

Madam President,

According to MTR Corporation Limited (MTRCL), the project cost of the retrofitting of platform screen doors (PSDs) at 74 platforms in all 30 underground MTR stations is over $2 billion, that is about $2.7 million for the retrofitting works at each platform.

Compared with underground stations, retrofitting works in at-grade/elevated stations would involve greater technical constraints. MTRCL is therefore now fully engaged in retrofitting PSDs in the 30 underground stations. Upon their completion, the Corporation will conduct a study to examine the technical and operational feasibility of retrofitting PSDs at at-grade/elevated stations. It will draw up possible proposals for retrofitting PSDs at at-grade/elevated stations subject to the outcome of its study and the requisite cost cannot be estimated at this stage.

The number of accidents involving passengers falling onto rail tracks at MTR stations in each of the past ten years is as follows:
Code:
                       Number of accidents involving
Year                 passengers falling onto rail tracks

1995                                 74
1996                                 80
1997                                 83
1998                                113
1999                                119
2000                                 82
2001                                 52
2002                                 61
2003                                 44
2004                                 32
Total                               740
According to MTRCL's statistics, there is no record of wheelchair / walking stick users falling onto rail tracks in the past ten years, while a total of 13 cases involving visually impaired persons are recorded. Among these 13 cases, ten were injured while the other three were unhurt.
__________________
Hong Kong Photo Gallery - Click Here for the Hong Kong Galleries

World Photo Gallery - | St. Petersburg, Russia | Pyongyang | Tokyo | Istanbul | Dubai | Shanghai | Mumbai | Bangkok | Sydney

New York, London, Prague, Iceland, Rocky Mountains, Angkor Wat, Sri Lanka, Poland, Myanmar, and much more!
hkskyline no está en línea   Reply With Quote
Old February 27th, 2005, 04:43 AM   #651
ailiton
Toffy
 
Join Date: Apr 2003
Location: Toronto
Posts: 404
Likes (Received): 1

Before and after platform screen doors installation (Causeway Bay):

Before (taken by hkskyline):


After
ailiton no está en línea   Reply With Quote
Old February 27th, 2005, 05:01 AM   #652
ailiton
Toffy
 
Join Date: Apr 2003
Location: Toronto
Posts: 404
Likes (Received): 1

Newest set of PA of West Rail (Cantonese 1st, Mandarin 2nd, English 3rd):

http://www.funchannel.hk/cgi-bin/top...pic=110&show=0
ailiton no está en línea   Reply With Quote
Old February 27th, 2005, 05:21 AM   #653
hyacinthus
Success and Happiness
 
hyacinthus's Avatar
 
Join Date: Nov 2004
Location: Singapore
Posts: 6,692
Likes (Received): 3

Interesting... I thought the announcements were only in Cantonese?
hyacinthus no está en línea   Reply With Quote
Old February 27th, 2005, 05:48 AM   #654
ailiton
Toffy
 
Join Date: Apr 2003
Location: Toronto
Posts: 404
Likes (Received): 1

There have been Mandarin announcements on KCR trains for many years. MTR has added Mandarin announcements in Sept 2003.
ailiton no está en línea   Reply With Quote
Old February 28th, 2005, 06:09 AM   #655
hkskyline
Hong Kong
 
hkskyline's Avatar
 
Join Date: Sep 2002
Posts: 86,891
Likes (Received): 18161

MTRC faces profit plunge on property
Staff reporter, Hong Kong Standard
February 28, 2005

MTR Corp is likely to report tomorrow the largest profit fall since it went public in 2000 as it may book less contribution from property development.

Net earnings will fall 19 percent to HK$3.6 billion last year from HK$4.45 billion in 2003, according to the mean estimates of 11 analysts polled by Institutional Brokers' Estimate System.

The estimates ranged from HK$3.11 billion by JPMorgan to Nomura's HK$4.44 billion.

"Booking of property development profit, which has a low visibility, has been a key swing factor to [MTRC's] earnings," Merrill Lynch said.

Property developers may book revenue from sales based on either pre-sale agreements or completions. Prices rose about 20 percent last year.

MTRC may book 20-40 percent less profit from property projects, with major contribution from projects such as The HarbourSide with Hang Lung Properties and Caribbean Coast with Cheung Kong (Holdings) and Hutchison Whampoa, analysts said.

Future major projects include The Grandiose, which is set for pre-sale next month and is expected to fetch HK$4 billion, with New World Development; and Dream City, on which it has teamed up with Cheung Kong. Both projects are in Tseung Kwan O.

However, investors and analysts will be more focused on whether MTRC management will shed light on its merger prospects with Kowloon-Canton Railway Corp as well as on news about the company's expansion moves outside Hong Kong.

Hong Kong media reported Friday that MTRC will probably win two or three more Beijing subway line developments this year, adding to the 49 percent stake of a Metro Line 4 project that it bought for 735 million yuan (HK$692.96 million).

MTRC will also develop phase 2 of Line 4 of the Shenzhen Metro and operate the entire line, due to be finished in 2008.

Locally, MTRC and KCRC submitted merger proposals to the government in September but remain tight-lipped about the content. The merger has been an overhang on MTRC's shares because investors are afraid it will pay too much for the less profitable KCRC.

MTRC shares have advanced by only 2.89 percent since September, trailing the 8.7 percent gain by the benchmark Hang Seng Index.

"We retain our cautious stance and underperform rating on MTR shares," Goldman Sachs said.
__________________
Hong Kong Photo Gallery - Click Here for the Hong Kong Galleries

World Photo Gallery - | St. Petersburg, Russia | Pyongyang | Tokyo | Istanbul | Dubai | Shanghai | Mumbai | Bangkok | Sydney

New York, London, Prague, Iceland, Rocky Mountains, Angkor Wat, Sri Lanka, Poland, Myanmar, and much more!
hkskyline no está en línea   Reply With Quote
Old March 1st, 2005, 11:46 PM   #656
hkskyline
Hong Kong
 
hkskyline's Avatar
 
Join Date: Sep 2002
Posts: 86,891
Likes (Received): 18161

Hong Kong Subway Operator Reports Profit
Tuesday March 1, 7:27 am ET

HONG KONG (AP) -- Hong Kong's subway operator, Mass Transit Rail Corp., on Tuesday reported stronger-than-expected net profits in 2004, boosted by earnings from its property developments.

MTRC's net profit rose to 4.50 billion Hong Kong dollars (US$577 million; euro437 million) from HK$4.45 billion (US$571 million; euro432 million) in 2003.

Revenue rose 10 percent to HK$8.36 billion (US$1.1 billion; euro811 million), defying market expectation that the company would report its biggest earnings drop since its privatization in 2000.

"The strong operational results achieved in 2004 were brought about by a broad-based economic recovery in Hong Kong, which also led to a significant rise in property prices," said MTRC's Chief Executive C.K. Chow.

The company reported losses of HK$313 million (US$40 million; euro30 million) from its railway-related businesses, much smaller than the HK$980 million (US$126 million; euro95 million) figure reported in 2003.

An 8.3 percent increase in the number of passengers on all MTRC lines also brought in more fare revenues for the railway operator, up 8 percent compared to 2003 when businesses were hit hard by the SARS crisis.

Chow said "significant" progress has been made on the construction of a railway line for Hong Kong's Disney theme park, which is expected to be completed in July, two months before Disneyland is due to open.
__________________
Hong Kong Photo Gallery - Click Here for the Hong Kong Galleries

World Photo Gallery - | St. Petersburg, Russia | Pyongyang | Tokyo | Istanbul | Dubai | Shanghai | Mumbai | Bangkok | Sydney

New York, London, Prague, Iceland, Rocky Mountains, Angkor Wat, Sri Lanka, Poland, Myanmar, and much more!
hkskyline no está en línea   Reply With Quote
Old March 3rd, 2005, 03:37 PM   #657
hkskyline
Hong Kong
 
hkskyline's Avatar
 
Join Date: Sep 2002
Posts: 86,891
Likes (Received): 18161

Rail operator's growth in profit defies expectations
Danny Chung, Hong Kong Standard
March 02, 2005

The MTR Corporation defied expectations by reporting that profits grew slightly rather than falling sharply as most analysts expected thanks to the rebound in Hong Kong property prices.

The railway and property firm, which is 76.52 percent owned by the government, said net profits rose 1percent to HK$4.5 billion in 2004, from HK$4.45 billion a year earlier.

Analysts polled last week expected net earnings to fall by an average 19 percent to HK$3.6 billion due to sharply reduced profits from property development, the company's mainstay. It loses money on its rail operations.

Turnover climbed 10 percent to HK$8.35 billion, from HK$7.59 billion in 2003. Operating profit for railway operations was HK$4.55 billion before depreciation, up 21.3 percent on 2003.

As expected, property earnings fell, slumping to HK$4.57 billion, down 14.7 percent from 2003's HK$5.27 billion. The 2003 results were given a major boost by a one-time gain of about HK$3 billion a year from the International Financial Center II project.

Analysts had expected property earnings to fall between 20 percent and 40 percent. The positive results flowed from MTRC's share in the retail part of the Kowloon station complex and from various residential developments.

``In 2004, we effectively converted economic growth into operating profit,'' said chief executive Chow Chung-kong, who said the company benefited from increased patronage, growth in station revenue and property development.

Total passenger boardings on MTR lines rebounded by 8.3 percent to 834 million from 770 million in 2003 while the Airport Express Line saw passenger boardings of eight million, up 17 percent from 2003. The firm's share of Hong Kong's transport market climbed to 24.8 percent.

Losses on the company's rail and station operations declined by 68 percent to HK$313 million, from HK$980 million in 2003.

Chow warned that the company's property earnings will decline again next year because of fewer developments coming on the market.
__________________
Hong Kong Photo Gallery - Click Here for the Hong Kong Galleries

World Photo Gallery - | St. Petersburg, Russia | Pyongyang | Tokyo | Istanbul | Dubai | Shanghai | Mumbai | Bangkok | Sydney

New York, London, Prague, Iceland, Rocky Mountains, Angkor Wat, Sri Lanka, Poland, Myanmar, and much more!
hkskyline no está en línea   Reply With Quote
Old March 3rd, 2005, 05:56 PM   #658
hkskyline
Hong Kong
 
hkskyline's Avatar
 
Join Date: Sep 2002
Posts: 86,891
Likes (Received): 18161

3 March 2005 Corporate Press Release
KCRC introduces new feeder bus routes K53 and K58

Kowloon-Canton Railway Corporation (KCRC) will introduce two new bus routes K53 and K58 starting from 7 March 2005 (Monday), to further strengthen services for the northwest New Territories. The new feeder bus routes will increase the transport capacity of KCR services in the northwest New Territories and supplement the Light Rail service during peak hours.

K53 runs in a circular mode between West Rail Tuen Mun Station and So Kwun Wat, whereas K58 plies between Fu Tai and Castle Peak Bay.

KCRC provides free interchange for K53 and K58 passengers. West Rail and Light Rail passengers can also enjoy free interchange with these two bus routes.

K53 will be operated at a frequency of 12 minutes during morning and evening peak hours from 6:30 am to 9:30 am and 3:00 pm to 8:00 pm respectively, Monday to Saturday. Fare for adult is $3.7, while fare for child/senior citizen is $1.8.

K58 will be operated at a frequency of 10 to 12 minutes during morning and evening peak hours from 6:30 am to 9:30 am and 3:30 pm to 8:00 pm respectively, Monday to Saturday. Fare for adult is $3.7, while fare for child/senior citizen is $1.8.

With the commencement of West Rail operation and the changes in the travelling pattern of passengers, the current bus routes A59 (Po Tin to Castle Peak Bay circular) and K1X (Long Ping Estate to Tuen Mun Ferry Pier Terminus) will be cancelled on the same day. The buses will be deployed to the new feeder bus routes. Passengers of these two bus routes can use the new feeder bus routes and the West Rail service.

Mr Michael Lai, General Manager - Marketing, said, “These new arrangements ensure that our resources are put to the best use to benefit the maximum number of passengers. We will closely monitor the situation and gauge public response to the new services.”

To keep passengers fully informed about the new service arrangements, KCRC Hhas put up posters, leaflets and notices at Light Rail stops and West Rail stations. Platform announcements will also be frequently made at the stations for greater publicity concessions. For enquiries, passengers may call the KCRC Hotline at 2929 3399.
__________________
Hong Kong Photo Gallery - Click Here for the Hong Kong Galleries

World Photo Gallery - | St. Petersburg, Russia | Pyongyang | Tokyo | Istanbul | Dubai | Shanghai | Mumbai | Bangkok | Sydney

New York, London, Prague, Iceland, Rocky Mountains, Angkor Wat, Sri Lanka, Poland, Myanmar, and much more!
hkskyline no está en línea   Reply With Quote
Old March 4th, 2005, 06:24 PM   #659
hkskyline
Hong Kong
 
hkskyline's Avatar
 
Join Date: Sep 2002
Posts: 86,891
Likes (Received): 18161

SETW's transcript on Lloyd's Register Rail's report
Government Press Release - February 4, 2005

Following is a transcript of a media session by the Secretary for the Environment, Transport and Works, Dr Sarah Liao this evening (February 4) upon receipt of Lloyd's Register Rail's report on MTR's performance:

Reporter: Do you think ...( inaudible)areas for improvement...?

SETW: Certainly, the report has reinforced that our overall services are up to international standard. But nonetheless, it has clearly stated 16 recommendations where the MTRC should make improvements on.

Reporter: So the report mentioned customer distress...(inaudible)?

SETW: Well, that is one of the most important areas that they have to improve on. We had not separately classified such incidents. But from now on they would need to pay special attention to customer distress incidents.

Reporter: ...What do you think about... MTRC and your view on outsourcing ...?

SETW : The review actually looked into the maintenance and repair programme, compared the figures of the internal maintenance team with that of the outsourcing. At the moment, there is no indication that outsourcing is a cause for additional incidents. Of course, they would monitor it very carefully all the time.

Reporter : Are you satisfied with the report ?

SETW: So far I am satisfied with what has been reported. We would have a detailed analysis of what is in the report.

Reporter : When are you going to complete your analysis and reported to LegCo ?

SETW: In March.
__________________
Hong Kong Photo Gallery - Click Here for the Hong Kong Galleries

World Photo Gallery - | St. Petersburg, Russia | Pyongyang | Tokyo | Istanbul | Dubai | Shanghai | Mumbai | Bangkok | Sydney

New York, London, Prague, Iceland, Rocky Mountains, Angkor Wat, Sri Lanka, Poland, Myanmar, and much more!
hkskyline no está en línea   Reply With Quote
Old March 5th, 2005, 08:43 AM   #660
hkskyline
Hong Kong
 
hkskyline's Avatar
 
Join Date: Sep 2002
Posts: 86,891
Likes (Received): 18161

MTR tempers profit growth with warning over property
Denise Tsang
02 March 2005
South China Morning Post

MTR Corp surprised the market yesterday by announcing a 1 per cent rise in net profit to $4.49 billion for last year, then warned of waning property earnings.

The profit growth was spurred by a turnaround of the economy, which helped boost passenger numbers to a record and reduce the losses of its core rail services to $313 million from $980 million in 2003.

The semi-privatised corporation, which counts on income from property development to fund rail investments, also benefited from a rapid upturn in the property market, which enabled it to reap a profit of $4.56 billion.

"To sum up 2004, we effectively captured economic growth and converted it into operational growth," said chief executive Chow Chung-kwong.

However, he then warned: "Although the property contribution will continue to serve as a growth driver in the coming two to three years, the amount may not be as high as this year."

Earnings per share were 1.17 per cent lower at 84 cents, much better than the 18.82 per cent decrease to 69 cents expected from a Thomson First Call consensus.

A final dividend of 28 cents per share was proposed, bringing the full-year payout to 42 cents, the same as in 2003.

Operating five urban rail lines and the Airport Express rail services, MTR saw fare revenue jump 8.07 per cent to $5.93 billion last year.

Buoyant economic growth helped boost non-fare revenue, including advertising, station commercial activities, telecommunications and consultancy services, 17.36 per cent to $1.31 billion.

Shrugging off the havoc caused by the Sars outbreak in 2003, the five urban rail lines carried 833.6 million passengers last year, an increase of 8.3 per cent, while the Airport Express rail line recorded 17 per cent growth with 8.01 million passengers.

However, analysts said the improved performance could spark renewed calls for lower train fares as legislators and the government attempted to introduce a regulatory regime to determine public transport fares.

MTR has frozen train fares since 1997, even though it has been empowered with fare autonomy since it went public in 2000.

Last year, growth of the corporation's property profit tapered off to 14.9 per cent as the previous figure was inflated by the value of 18 floors in Two International Finance Centre at Hong Kong Station.

Mr Chow said that in the next two years, the MTR would recognise profits from phase three of the residential development at Olympic Station and the Lane shopping centre at Hang Hau Station.

Taking advantage of developers' desire to replenish land banks, the corporation would put two phases of the Tseung Kwan O Dreamcity project up for tender in the second half of this year, property director Thomas Ho Hang-kwong said.
__________________
Hong Kong Photo Gallery - Click Here for the Hong Kong Galleries

World Photo Gallery - | St. Petersburg, Russia | Pyongyang | Tokyo | Istanbul | Dubai | Shanghai | Mumbai | Bangkok | Sydney

New York, London, Prague, Iceland, Rocky Mountains, Angkor Wat, Sri Lanka, Poland, Myanmar, and much more!
hkskyline no está en línea   Reply With Quote


Reply

Tags
hongkong, metro

Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Related topics on SkyscraperCity


All times are GMT +2. The time now is 12:22 AM.


Powered by vBulletin® Version 3.8.11 Beta 4
Copyright ©2000 - 2018, vBulletin Solutions Inc.
Feedback Buttons provided by Advanced Post Thanks / Like (Pro) - vBulletin Mods & Addons Copyright © 2018 DragonByte Technologies Ltd.

vBulletin Optimisation provided by vB Optimise (Pro) - vBulletin Mods & Addons Copyright © 2018 DragonByte Technologies Ltd.

SkyscraperCity ☆ In Urbanity We trust ☆ about us | privacy policy | DMCA policy

tech management by Sysprosium