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Old May 1st, 2005, 03:13 PM   #721
hkskyline
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MTR Press Release
18 April 2005
MTR Appoints CEO for Europe Operations

The MTR Corporation Ltd is pleased to announce the appointment of
Mr Jeremy Long as Chief Executive Officer – European Business with effect from 2 May 2005.

Mr Long will be responsible for developing the Corporation’s business in the Europe market where MTR looks to take advantage of opportunities opening up in the United Kingdom and other European countries to apply its operational and technical experience in providing effective and efficient rail services.

The Chief Executive Officer of MTR Corporation Mr C K Chow said: “Jeremy brings with him extensive experience and knowledge of the UK and European rail industry. We are confident he will help MTR to implement our growth strategy by leading efforts to establish a strong MTR presence in Europe.”

A Chartered Accountant, Mr Long was most recently Managing Director, Rail of FirstGroup plc. “I am excited to be joining the MTR Corporation, one of the best names in the railway industry worldwide,” said Mr Long. “The MTR has much to offer in helping to bring more reliable and efficient passenger rail services to Europe and I look forward to working with the MTR team in exporting their expertise overseas.”
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Old May 1st, 2005, 03:16 PM   #722
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28 April 2005
KCR Press Release
Non-stopping of an East Rail train at Tai Wo Station

At 7:49am this morning, a northbound East Rail train did notfailed to stop at Tai Wo Station as scheduled for passengers to allow passengers to board and alightand board. The Kowloon-Canton Railway Corporation (KCRC) apologises for any inconvenience caused to passengers, and is investigating the incident.

Initial findings showed that the incident was a result of human error. The driver of the incident train did not stop at Tai Wo Station according to standard procedures. KCRC apologises for any inconvenience caused to passengers.

General Manager – East Rail Operations Mr Anthony Yan said, “East Rail’s safety is protected by the Automatic Train Protection (ATP) system, which ensures a train could only proceed if it is safe to do so. The stopping of of a trains at stations, is however, is controlled by another system, the Automatic Train Operation (ATO) system.”

Since the The train’s ATO failed to function properly this morning, the driver was therefore responsible for stopping the train at all stations. Nevertheless, The ATP was still in operation and functioning properly in order to ensure the safe operation of the train. After the train departed from East Tsim Sha Tsui Station, the driver had been responsible for following established procedures to depart, which called for the train to stop at all stations for in order to allow passengers to board and alight. KCRC has suspended the driver from driving duties Iin the wake of the incident.

KCRC is very concerned about the incident. Although the incident did not affect passenger safety, it has caused inconvenience to passengers boarding and alighting at Tai Wo Station. KCRC has therefore reminded all drivers to stop at stations according to procedures.

KCRC is continuing to investigating investigate the incident in order to prevent similar events from occurring in the future.
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Old May 1st, 2005, 08:55 PM   #723
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MTRC aims deeper in Shenzhen and Beijing
Danny Chung and Eli Lau
29 April 2005
Hong Kong Standard

MTR Corp, Hong Kong's subway operator, is in talks to deepen its involvement in developing the underground train systems in Shenzhen and Beijing, the company said.

Besides Line 4 of the Shenzhen Metro, which is already under development, MTRC is also looking to take part in two to three other lines in Shenzhen, as well as the same number of rail projects in Beijing, said chief executive officer Chow Chung-kong Thursday.

He did not reveal the amount of investments or predict if the projects will include property development.

He said it would depend on the nature of the projects.

Earlier this year, MTRC signed an agreement with the Beijing municipal government to develop Beijing Metro Line 4 in a public-private partnership.

In Shenzhen, it agreed last year to invest in a company that will develop the second phase of Line 4 of the Shenzhen Metro, costing six billion yuan (HK$5.7 billion), including property development rights.

MTRC also said Thursday that profits from the sale of homes at The Arch in Union Square at Kowloon Station will be booked for the current financial year instead of 2006 as originally planned.

This is because sales, which started earlier this month, are going faster than expected, the firm said.

In 2000, MTRC joined with Sun Hung Kai Properties to develop The Arch, which comprises 1,054 residential units with floor areas ranging from 505 to 5,497 square feet.

Under the development agreement, MTRC is entitled to a share of the proceeds from the sales, which market watchers say is about 30 percent.

Sun Hung Kai Properties earlier this month said it had sold a penthouse triplex for the highest price seen since the last property boom in 1997, at HK$31,300 per square foot.

More than 950 apartments at The Arch have been sold in the past two weeks, generating HK$12 billion.
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Old May 2nd, 2005, 03:32 PM   #724
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Tien moots single-track sections on North Link
Dennis Ng
20 April 2005
Hong Kong Standard

The planned Northern Link might feature single-track sections to save billions of dollars in construction costs, Kowloon-Canton Railway Corporation chairman Michael Tien said.

"We feel part of the rail can be run with single tracks to reduce the cost,'' he told reporters after a topping out ceremony at Lok Ma Chau station Tuesday.

KCRC is expected to submit a report to the government on a detailed proposal of the new railway line next month.

Tien said the proposal is technically feasible and KCRC is studying the financial arrangements and whether it should invest on its own.

He said inclusion of single-track sections could cut the total cost of the project from the original HK$9 billion to under HK$7 billion.

He said the new railway would enable residents to travel by train from one side of the northern New Territories to the other.

Hong Kong Polytechnic University Associate Professor Hung Wing-tat said adoption of single-track sections is common overseas and cuts costs.

He said a modern computer system would ensure there would be no head- on collisions. In its blueprint Railway Development Strategy 2000, the government proposed connecting Kam Sheung Road Station on the West Rail to Chau Tau on the Sheung Shui-Lok Ma Chau Spur Line on the East Rail.

It expects the Northern Link to be in place between 2011-2016.

Meanwhile, Tien said the fares on the Sheung Shui to Lok Ma Chau Spur Line, which will open by 2007, will be ``quite affordable.''

"It is unnecessary to worry about high fares because our prices should be competitive,'' he said.

"There are many types of transportation at Lok Ma Chau and we will face many rivals.''

Tien said it is pointless determining Spur Line fares too early. For example, KCRC originally planned to charge as much as HK$22 per adult trip on West Rail. But the highest adult fare turned out to be HK$15.

Tien, Permanent Secretary for the Environment, Transport and Works Joshua Law and dozens of district councilors, leaders of rural communities and government officials attended the Lok Ma Chau station topping out ceremony.

The Lok Ma Chau terminus will handle 33,000 travelers an hour, 50 percent more than Lo Wu Station on East Rail.
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Old May 2nd, 2005, 07:49 PM   #725
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i-CABLE to offer real-time news on KCRC trains
30 April 2005
Asia Pacific Broadcasting

i-CABLE, Hong Kong's fully-integrated communications company, will provide real-time news on Kowloon-Canton Railway Corporation (KCRC) trains later this year.

i-CABLE and KCRC have entered into a multi-year agreement on the provision of the new service.

Under the licence agreement, KCRC will provide the Passenger Information Display System (PIDS) on board its trains on the East Rail, Ma On Shan Rail and West Rail.

Hong Kong Cable News Express (HKCNE), a wholly-owned subsidiary of i-CABLE, will be the sole content provider and the exclusive commercial air-time sales distributor for multimedia service on the KCRC TV screens.

Lee Kang Kuen, KCRC's senior director of capital projects, pointed out that the content of the PIDS can be updated during the journey, which makes it an outstanding feature when compared with similar medium on board the other public transport in the country.

He added that information on news and finance could be updated throughout the day via the wireless transmission system.

Lee estimated that with over 4,000 screens on board the fleet of 77 KCRC trains, the programme could reach more than one million passengers daily.

Samuel Wong, i-CABLE's director and COO, was excited about the joint venture. He said: " This is a truly ground-breaking project, which will allow KCRC, i-CABLE and HKCNE to synergise and capitalise on their respective strengths while providing a valuable new service to advertisers and also the travelling public on KCRC trains."

Wong added that this project represents another major step in i-CABLE's ongoing strategy to expand its business beyond the conventional residential and commercial markets to multiple media platforms.
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Old May 3rd, 2005, 05:08 AM   #726
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By mario from a Hong Kong transport forum :









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Old May 3rd, 2005, 05:16 AM   #727
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I saw those pictures in a forum...I think they were saying MTR is going to spread the Korean trains over to the purple line.
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Old May 3rd, 2005, 05:46 AM   #728
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anyone know why the K-stock is only on the kwun tong and tsueng kwan o lines?
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Old May 3rd, 2005, 05:51 AM   #729
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k-stocks were supposed to be running on TKO line.
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Old May 3rd, 2005, 06:02 AM   #730
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Anyway, it's good to see those newer trains running around more. They're much quieter because there's no wind leak from the door design.

Anyone know if they're still importing K-stocks, or anything about the future of urban-line stocks?
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Old May 3rd, 2005, 08:18 AM   #731
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The new Tung Chung Line trains are made by Rotem (spelling?) and they will arrive next year, I think.
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Old May 3rd, 2005, 05:29 PM   #732
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Metro Hong Kong Extends Distribution Contract With MTR
14 March 2005
PrimeZone Media Network

BERTRANGE, Luxembourg, March 14, 2005 (PRIMEZONE) -- Metro International S.A. ("Metro"), the international newspaper group, today announced that that it has extended its distribution contract with MTR Corporation Ltd. until 14 April 2010. The agreement gives Metro the right to distribute the Metro free newspaper from racks in Hong Kong's subway network, which is used by more than 2.2 million commuters every day.

Metro is currently distributing more than 300,000 copies daily throughout Hong Kong at 49 MTR stations. The contract was initially awarded in April 2002 for a period of three years with the option for a further five-year extension.

Peter Kuo, MD Metro Asia, commented: "Distribution through the MTR network has been a successful way of reaching a young, active and well-educated audience. Metro will continue targeting this audience, which is hard to reach through other media and is very attractive to advertisers. We are grateful for MTR's continuing support".

Pelle Tornberg, President and CEO, commented: "Our Hong Kong operation has experienced significant growth since its launch and we expect to see further expansion. The MTR network is an efficient means of reaching the young professional commuting public that Metro targets".

For further information, please visit www.metro.lu , email [email protected] or contact: Pelle Tornberg, President & CEO tel: +44 (0) 20 7016 1300 Henrik Persson, Corporate Communications tel: +46 (0) 8 562 000 87

Metro is the largest and fastest growing international newspaper in the world. 46 daily Metro editions are published in 68 major cities in 17 countries in 16 languages across Europe, North & South America and Asia. Metro has a unique global reach - attracting a young, active, well-educated audience of more than 15 million daily readers and over 33 million weekly readers. Metro has an equal number of male and female readers and 70% are under the age of 45. Metro's advertising sales have grown at a compound annual rate of 47% since the launch of the first edition in 1995.

Metro International S.A. `A' and `B' shares are listed on the Stockholmsborsen `O-List' under the symbols MTROA and MTROB.

This information was brought to you by Waymaker http://www.waymaker.net
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Old May 3rd, 2005, 07:33 PM   #733
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Really? Any concepts or renderings/pics of those trains? I had no idea TCL was getting new trains.
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Old May 4th, 2005, 02:01 AM   #734
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No la. But they should look very similar to the current trains.
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Old May 4th, 2005, 03:45 AM   #735
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Even though the urban K-stock is very similar to the original M-stock, it had many cool features and subtle differences (even the exterior colour is darker). So I'm looking forward to knowing of these differences.
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Old May 5th, 2005, 01:47 AM   #736
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MTR may revisit bond market to raise $6b
Georgina Lee
5 May 2005
South China Morning Post

MTR Corp says it may revisit the bond market in the next seven months to fund $6 billion in capital expenditure on expansion over the next three years.

Finance director Lincoln Leong Kwok-kuen said the rail company might sell bonds to overseas investors this year as it wanted to take advantage of free liquidity in many Asian markets, from which investors were looking for higher yielding financial instruments amid the low interest-rate environment.

"We are always looking for opportunities in the market," Mr Leong told Bloomberg on the sidelines of the Asian Development Bank's annual meeting in Istanbul, Turkey, yesterday.

"Our capital expenditure for the next three years is only six odd billion Hong Kong dollars combined, so it's not significant," he said.

Just last month, the 75 per cent government-owned rail operator raised $1 billion through 10-year and 15-year bonds of $500 million each.

While the company said it was not arranging any bond issue now, analysts said the utility company would have no problem coming to the market.

A credit rating of A-plus by Standard & Poor's, which yesterday raised its outlook to "positive" from "stable", meant MTR would be in high demand by institutional investors.

With as much as $63.5 billion in shareholder funds and $30 billion in debt, analysts said MTR's strong balance sheet showed it had no pressing need for fresh capital.

However, they said the company might want to borrow now by issuing long-term bonds to lock in attractive interest rates - especially as rates will probably trend upwards - as it expected more projects to be approved by the government soon.

Dilip Parameswaran, the head of capital markets credit research at Calyon, said MTR might be expecting imminent approval to build two extensions to the Island line - one to connect Wong Chuk Hang with Sai Ying Pun, passing through Cyberport, and the other joining Ap Lei Chau with Admiralty, through Ocean Park.
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Old May 5th, 2005, 07:54 AM   #737
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does anyone know why ma on shan trains run in the opposite direction of east rail?

east rail trains travel the left side (british), while ma on shan drives on the right side (american)
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Old May 5th, 2005, 09:47 AM   #738
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Wow, interesting observation. Very strange.
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Old May 5th, 2005, 09:56 AM   #739
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Quote:
Originally Posted by Syd-Hk
does anyone know why ma on shan trains run in the opposite direction of east rail?

east rail trains travel the left side (british), while ma on shan drives on the right side (american)
They did that purposely. It was done that way so that they can provide cross-platform transfer for southbound traffic.
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Old May 5th, 2005, 12:11 PM   #740
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KCR East Rail platform gate doors!

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