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Old July 1st, 2007, 07:44 AM   #1881
hkskyline
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Are you guys talking about the Airport Express station or Tung Chung Line station?
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Old July 1st, 2007, 07:56 AM   #1882
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Quote:
Originally Posted by aznichiro115 View Post
no you are both wrong, i will try to go there is week,
Island Line, Tsuen Wan Line and Tung Chung Line are interconnected between Central Station and Hong Kong Station. Passengers are free to between the two stations among three lines.

Airport Express has its separate lobby and station in Hong Kong Station under IFC which doesn't connect with the regular MTR service directly. Passengers need to leave the restricted area first before interchange between AE and the regular service.

So....... no one is wrong; and all of you are partly correct.
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Old July 1st, 2007, 08:17 AM   #1883
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I thought they were talking about thee Tung Chung Line?

OK clarification...
There is no need to pass through barriers from Island Line or Tsuen Wan Line to Tung Chung Line or vice versa, but for Airport Express it's another matter.
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Old July 1st, 2007, 06:35 PM   #1884
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Quote:
Originally Posted by Rachmaninov View Post
I thought they were talking about thee Tung Chung Line?

OK clarification...
There is no need to pass through barriers from Island Line or Tsuen Wan Line to Tung Chung Line or vice versa, but for Airport Express it's another matter.
thats what i thought because he was talking about getting off at Lai King, since the AEL doesn't stop there, so why would he be talking about AEL?
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Old July 2nd, 2007, 07:04 AM   #1885
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By "K...KR4210" from a Hong Kong transport forum :



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Old July 4th, 2007, 01:21 PM   #1886
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Photo Link from HKiTalk for the Lok Ma Chau KCR East Rail Station. Photos are posted by da54.
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Old July 12th, 2007, 01:42 PM   #1887
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KCRC Press Release:
Retrieval of the Kowloon Southern Link’s Tunnel Boring Machine
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Old July 13th, 2007, 10:44 AM   #1888
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Sha Tin-Central rail link plans updated Kwun Tong line will extend to Whampoa
12 July 2007
South China Morning Post



The MTR Corporation is to extend its Kwun Tong line from Yau Ma Tei past Ho Man Tin to Whampoa under revised proposals for the new Sha Tin to Central Link project.

The location of a Central South station planned beneath Lan Kwai Fong may also be changed, a paper prepared by the Transport and Housing Bureau for the Legislative Council shows.

The amendments were made following a decision by the MTR Corp and the Kowloon-Canton Railway Corporation.

The KCRC, which was selected to build and operate a railway line linking Sha Tin to Central in June 2002, put forward planning proposals in February 2004.

The rail companies both put forth new proposals under which the KCRC and MTR Corp's interchange stations will be provided at Diamond Hill, Ho Man Tin, Exhibition and Admiralty.

The paper also shows a proposed Causeway Bay North station will be scrapped "in view of the possible serious disruption to traffic in the Causeway Bay area arising from the construction of the station and the low cost-effectiveness of providing the station under the merge scenario".

It also says "the location of the Central South station should be revisited" although the reasons for this are not apparent in the paper.

The proposed Exhibition interchange station on Harbour Road will also be relocated to the public transport interchange site in Wan Chai "to better cope with development in the area and provide better interchange with the future North Hong Kong Island Line".

Under the original KCRC proposal, automated people movers were proposed for Whampoa and Tsz Wan Shan to link the areas with the MTR line. But this idea will be scrapped, at least for Whampoa, which will be serviced by an extended Kwun Tong line.

While the paper does not state clearly that the Tsz Wan Shan people mover will be scrapped, it says "it is suggested that alternative options should be explored, taking into account the existing public transport services".

This could come as bad news to residents who have been calling for an MTR extension to the area for years.

The whole scheme will see an east-west line and a north-south line and a further 10 stations, from Tai Wai via Ho Man Tin to Central.

But further changes are in the pipeline, as the original population projection for the Kai Tak planning area was 260,000, but has now dropped to 80,000.

This could affect the viability of both the To Kwa Wan and Ma Tau Wai stations.

The government is also still in discussion with the rail companies over the Wan Chai Development Phase II Review, which could see further changes to the proposals for the rail line.

In 2003, the rail project - estimated to cost HK$33 billion - was awarded to the KCRC after a bitter battle with the MTR Corp. At the time, the MTR Corp warned that the Sha Tin to Central rail link would threaten its market share of cross-harbour services and poach its passengers.
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Old July 13th, 2007, 10:46 AM   #1889
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MTR seeks HK$10b loan for merger
13 July 2007
South China Morning Post

MTR Corp was seeking a syndicated loan of at least HK$10 billion at low borrowing costs to help finance the acquisition of the Kowloon-Canton Railway Corp, sources said.

The pricing of the loans, which will be split between a three-year and five-year tranche, was expected to come in at less than 20 basis points over the Hong Kong interbank offered rate (Hibor), the sources said.

A basis point is 0.01 per cent.

The lack of fees to be earned from the large deal had caused some potential lenders to consider choosing not to offer the cash.

"Some foreign banks had hoped to stay away from the deal but they felt like they had to join because they don't want to wind up losing a good relationship with the borrower," said a corporate banker who was invited to join the syndication.

The MTR is 75 per cent-owned by the government. Government-backed companies tend to receive a lower rate of interest on debt they take out compared to private companies because there is a higher likelihood of such companies receiving government support in the event of default.

MTR's local currency long-term debt is rated Aa3 by Moody's Investors Service, its fourth-highest investment grade rating. Standard & Poor's rates the company one notch higher at AA. The government carries the same rating from both agencies.

The cheapest loan on record in the Hong Kong dollar market was taken out by the government-owned Airport Authority in October 2004. The HK$6 billion loan carried an interest margin of 17 basis points over Hibor.

The Hong Kong market topped league tables for syndicated loan volume in the Asia-Pacific region excluding Japan in the first half, with the equivalent of about US$17.5 billion in borrowings, according to basispoint data.

Under the merger, MTR will pay the KCRC a HK$12.04 billion up-front fee to lease its rail infrastructure and for development rights to eight building sites, and will pay annual rent of HK$750 million for 50 years.

MTR chief executive Chow Chung-kong said the completion of the merger would first depend on an extraordinary shareholders' meeting in September. He said he was confident the company would gain the support of minority shareholders.

Once the merger takes effect, medium-distance fares will fall 5 per cent and long-distance fares 10 per cent.

Octopus card users will save 20 cents a trip, and charges for switching between MTR and KCR services will be scrapped.

The two companies see a combined total of 2.8 million rail passenger trips a day.

MTR reported 4.2 per cent revenue growth to HK$9.5 billion last year while underlying profit fell 2.9 per cent to HK$5.9 billion. Profit after tax was down 8.2 per cent to HK$7.7 billion as property revaluation gains fell from HK$2.8 billion to HK$2.1 billion.
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Old July 13th, 2007, 03:32 PM   #1890
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I am disappointed with the decision of taking Causeway Bay North station away from the plan. It is such a prime location where can draw a lot of passenger to and from for the line directly without transfer. Island Line at Causeway Bay is very loaded even today, and surface roadways are at capacity also. I think the problems can be softened if CWB N were built. Now, we need to wait until the North Island Line is in place.
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Old July 13th, 2007, 04:02 PM   #1891
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Same here, but they said they cancelled CWB North Station because they don't want to cause severe disruption to road traffic during construction. That's probably fair enough....
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Old July 13th, 2007, 04:07 PM   #1892
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Quote:
Originally Posted by aznichiro115 View Post
thats what i thought because he was talking about getting off at Lai King, since the AEL doesn't stop there, so why would he be talking about AEL?
Yea... but anyway we've got that clarified now!
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Old July 16th, 2007, 04:52 AM   #1893
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A Wi-fi world first on the MTR
13 July 2007
South China Morning Post

MTR passengers are to be the first in the world to enjoy wireless access to the internet on underground trains through a high-speed Wi-fi network.

No date has been set for the launch of the service, but PCCW has already carried out a successful trial.

The service will first be introduced in station concourses and on platforms this summer. Wu Liang-tai, the company's executive vice-president for emerging technology, said putting it in trains for access on the go was the next step.

A third-generation (3G) mobile-phone network allows users to connect to the internet on the move at speeds of 3.6 megabits per second.

Wi-fi (wireless fidelity) gives users online access at 54 megabits per second, fast enough to watch videos on the internet. It costs HK$20 a day for unlimited access.

On trains, it would work with receivers at each end of the train picking up a 3.5G signal from transmitters in the tunnel.

The Wi-fi network will give users access to the internet through Wi-fi-compatible devices such as laptop computers and mobile phones.

"Wi-fi is much cheaper than 3G for internet access, so we can deliver our content to users when they are on MTR trains," Dr Wu said on the sidelines of a telecoms conference in Beijing.

Mobile operators charge about HK$100 per month for 10 megabytes of 3G use.

One question mark over the launch of Wi-fi on trains is whether the MTR Corporation will put the service out for tender, according to an industry source.

Dr Wu said the MTR could also use the network for remote monitoring of train systems and to operate multimedia screens in trains.

The government is backing the development of Wi-fi services and is spending more than HK$200 million to provide it free in public buildings.

PCCW is aggressively pushing Wi-fi services in Hong Kong by adding more internet access points in convenience stores, restaurants, shopping arcades and coffee shops.

It anticipates the Wi-fi network will be upgraded to a high-speed WiMax network once the government issues licences for the related spectrum. WiMax is a new telecommunications standard for providing wireless data over long distances.

" Intel, the chipmaker, will launch the first commercial WiMax chip in 2008. That will push the development of WiMax," Dr Wu said.
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Old July 16th, 2007, 08:58 PM   #1894
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I am speechless on that first world Wi-Fi in MTR. I hope it's not just going to be on board, but also in the platform and lobby areas.

I think $20 per day for unlimited access is a reasonable price tag.
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Old July 16th, 2007, 11:15 PM   #1895
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Wifi in subways is really good news. Better than mobile phone access because the laptops are silent.
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Old July 17th, 2007, 03:15 AM   #1896
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I thought WiFi is already available in some Japanese railway lines? Or are those just train stations?
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Old July 17th, 2007, 06:25 AM   #1897
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Financing queries for Sha Tin link
Hong Kong Standard
Tuesday, July 17, 2007

The financing of the Sha Tin-Central rail link after the merger of the Mass Transit Railway Corp and the Kowloon-Canton Railway Corp is hanging in the balance, the Legislative Council was told yesterday.

When the link was first proposed, KCRC said it would foot the bill. But with MTRC taking over KCRC following the merger, this plan is no longer valid.

Speaking to the Legco transport panel subcommittee, deputy secretary for transport and housing Philip Yung Wai-hung said the new line might be financed by public funds and the grant of land.

In a document submitted to the Legco panel, the government raised two proposals for financing.

One is for the new railway company to finance construction and operate the line with financial backing from the government. The other is for the government to finance and construct the line and then appoint the new railway company as the operator.

The government had proposed the long-awaited Sha Tin-Central Link should have 10 stations - from Sha Tin to Hung Hom before linking with the East Rail to Central.

Diamond Hill, Ho Man Tin, Hong Kong Convention and Exhibition Centre and Admiralty will be the integrated transit stations.

Democrat Lee Wing-tat said he had doubts about the financing and the benefits of the new railway line. He said when KCRC first made the proposal, it had said it would not seek funds from taxpayers or land from the government.

Another Democrat, Andrew Cheng Kar-foo, suggested the Sha Tin-Central link could become the first sacrifice the public would have to make in order to see the two railways merged.

Chan Yuen-han, of the Democratic Alliance for the Betterment and Progress of Hong Kong, casts doubts on the request for a railway depot at Tai Hom Chuen, outside Diamond Hill MTR station, saying it could be a ruse to develop property on top of the depot.

Yung said the government, MTR and KCRC would discuss the Sha Tin- Central Link further and details will be given to Legco six months after the railway companies merge.
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Old July 17th, 2007, 06:26 AM   #1898
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Old July 17th, 2007, 08:40 AM   #1899
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Sunny Bay



















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Old July 17th, 2007, 09:50 AM   #1900
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Wow wifi in MTRs!!! Can't wait!
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