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Old June 15th, 2006, 10:22 AM   #1501
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KCRC Press Release:
“Life Review Story Exhibition” kicks off at Hung Hom Station
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Old June 16th, 2006, 08:23 AM   #1502
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凌晨二至五時 東鐵路段進行
落馬洲支線試車恐擾民

16/06/2006

【本報訊】為配合落馬洲支線於明年初通車,九鐵由前日(十四日)起至八月二十七日進行兩個半月的試車期,分階段安排落馬洲支線列車深宵於東鐵沿線行駛,測試列車的運作及與東鐵系統配合的表現。區議員關注深宵試車的噪音問題,要求九鐵做好滅音措施,減低對居民的滋擾。

九鐵已在東鐵沿線受影響車站貼出乘客通告,試車期間每晚東鐵服務收車後,就會於凌晨二時至五時進行試車。九鐵發言人表示,試車將分階段在不同路段進行,試車日子數目也因不同路段而異,其中大埔墟站至太和站一段約有二十個晚上,大埔墟往尖東的南下路線也有十五個晚上,上水站試車次數更密。他強調深夜試車是為免影響日常的列車服務,並為試車可能為市民帶來的不便致歉。

北區區議會交通及運輸委員會委員黃良喜,批評九鐵未有就試車諮詢或通報區議員,擔心深夜試車造成噪音擾人清夢。他建議九鐵在一些較少民居的路段如火炭至大學、大學至大埔墟站試行,減低對居民的影響。
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Old June 17th, 2006, 06:57 PM   #1503
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MTR Press Release:
Dive into an Underwater Adventure at MTR Yau Ma Tei Station
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Old June 19th, 2006, 04:53 AM   #1504
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By "KV7798" from a Hong Kong transport forum :



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Old June 19th, 2006, 10:37 PM   #1505
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Old June 19th, 2006, 11:56 PM   #1506
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Old June 20th, 2006, 06:31 PM   #1507
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MTR Press Release:
MTR to Raise the Bar on Customer Service
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Old June 21st, 2006, 03:10 AM   #1508
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HK KCR (PART II)

Looks like the former thread has reached it's limit, how about part II
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Old June 21st, 2006, 04:46 AM   #1509
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Rail merger sidelines mini punters
15 June 2006
South China Morning Post

After a noisy annual general meeting at the MTR Corporation last week, a tantalising question emerged: what if its minority shareholders reject the proposed merger with the Kowloon-Canton Railway Corporation?

In fact, this anticipated merger of Hong Kong's two rail companies reflects a history of poor policymaking at the highest level.

The story begins with the 1999 budget, when then financial secretary Donald Tsang Yam-kuen announced that the government would privatise the MTR Corp. When the subway company was being floated on the market the following year, its prospectus said: "[The MTR Corp] has autonomy to determine its own fares without any requirement to obtain the approval of government or any other body."

That provision was the key to its listing success. Why would anyone have bought MTR Corp shares if the company did not have absolute autonomy in setting fares based on commercial realities?

But the government has also been promising lower transport fares. Transport Minister Sarah Liao Sau-tung has been talking about that since 2002. She is a member of the board of the MTR Corp and of the wholly government-owned KCRC.

Two key aspects of the merger proposal should appeal to investors and anyone interested in public policy. First, the MTR Corp would have to pay the KCRC an ever-increasing percentage of the revenue it derives from the use of the latter's assets, which it will lease for 50 years.

Second, the MTR Corp's autonomy in setting fares would effectively vanish, except for the Airport Express, cross-border links to the mainland and the Lantau Island cable car. Future fare increases would be capped at the rate of inflation minus a productivity factor. The rate of inflation would be calculated as the average of the annual change in the consumer price index and the nominal wage index for transport workers. The productivity factor would start at 0.1 per cent per year, and would be reviewed every five years.

What does all this mean? The proposed formula allows for no real (that is, inflation-adjusted) increase in fares; gives an ever-higher proportion of revenue to the KCRC; and saddles the MTR Corp with future capital costs.

This is what David Webb, the astute minority-rights activist, said of the merger proposal: "The MTRC has pitched this to investors as [a scheme where] 'downside protection [is] provided by a variable annual payment structure', when in fact this is an 'upside-removed, downside-on-inflation' deal."

This is a blatantly poor deal for the MTR Corp's minority shareholders. It seems the government's aim is to make sure that the KCRC has the best possible deal, and to use the occasion to deliver on Dr Liao's promise to reduce transport fares.

In a paper to the Legislative Council, the government says: "KCRC [will] retain ownership of the assets, capture the upside of KCR railway's performance under a revenue-sharing mechanism, and get back a fully operational railway system at the end, or upon early termination of the service concession."

To get legislators to approve the merger, the government sweetened the package with a two-year fare freeze and some tariff cuts, including a $2 Sunday fare for the elderly.

The last stakeholder the government has time for is the investing public.

Perhaps cynically, the administration does not think it needs to pay attention to them because legislators and citizens' groups are focused on lowering fares.

But what if the deal is rejected by minority shareholders? Would officials simply accuse them of greed?

As Mr Webb has suggested, why not just take the company private again, and stop the pretence that the merged entity is going to be a commercial enterprise?
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Old June 21st, 2006, 10:05 AM   #1510
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Tunnel Boring Machine (TBM) Naming Competiton for the Kowloon Southern Link (KSL)
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Old June 21st, 2006, 08:27 PM   #1511
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When is this thread going to merge with the MTR thread?
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Old June 24th, 2006, 09:49 PM   #1512
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Just wondering, is MTR still proposing for the extension for the Kwun Tong line towards Ho Man Tin and Whampoa?
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Old June 27th, 2006, 07:40 PM   #1513
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KCRC Press Release:
Tai Po Market Station refurbishment commences
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Old June 28th, 2006, 06:25 AM   #1514
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Quote:
Originally Posted by momochan
When is this thread going to merge with the MTR thread?
when mtr and kcr merge of course
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Old June 28th, 2006, 04:55 PM   #1515
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Quote:
Originally Posted by momochan
When is this thread going to merge with the MTR thread?
Quote:
Originally Posted by aznichiro115
when mtr and kcr merge of course
Lastest news from news.gov.hk:
Rail merger bill to be tabled July 5

兩鐵合併草案七月呈立會

The Chinese name of the MTRC will be renamed as "香港鐵路有限公司", Hong Kong Railway Corporation.
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Old June 30th, 2006, 06:11 PM   #1516
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National Express bids for S Western rail franchise

LONDON, June 30 (Reuters) - British transport firm National Express Group Plc said it planned on Friday to submit a joint bid for the South Western rail franchise with Hong Kong railway operator MTR Corp. Ltd.

The group pre-qualified for the competition earlier this year.
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Old July 4th, 2006, 07:04 PM   #1517
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RTHK news:
Proposed rail merger seen as a plus for public 2006-07-04 HKT 23:50

The Chief Executive of the Kowloon Canton Railway Corporation says the proposed merger between his company and the Mass Transit Railway Corporation will benefit the public. James Blake says the merger will give people lower fares and a barrier-free interchange when ticket gates separating the two systems are removed. A bill facilitating the merger will be tabled in the Legislative Council tomorrow. Mr Blake dismissed a suggestion that Legco would be an obstacle to the bill's passage.
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Old July 5th, 2006, 03:01 PM   #1518
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Old July 5th, 2006, 03:31 PM   #1519
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Quote:
Originally Posted by sfgadv02
Just wondering, is MTR still proposing for the extension for the Kwun Tong line towards Ho Man Tin and Whampoa?
I don't think that's alive anymore now that KCR is planning a Shatin-Central line through Kai Tak.
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Old July 5th, 2006, 04:32 PM   #1520
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Nice to see the new trains in operation, does anyone know what time of day it runs?
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