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HONG KONG MASS TRANSIT RAILWAY
A SUCCESS STORY
PRESENTED
BY
Ir Thomas S K LAI CEng, MICE, MIStructE, MHKIE
Chairman HKIE UK CHAPTER
2
BIRTH & GROWTH OF
HONG KONG MASS TRANSIT RAILWAY
UP TO DATE
BEAUTIFUL HONG KONG
3
4
HONG KONG
• LOCATED AT THE PEARL RIVER
ESTUARY ON THE SOUTHERN
COAST OF CHINA
VICTORIA HARBOUR
5
HARBOUR FRONT
6
August 2003 77
7
STAR FERRY
August 2003 66
CHALLENGING BIRTH
8
9
CULTURAL REVOLUTION
• In 1966 – CULTURAL REVOLUTION
RAGING IN CHINA
• SPILLED OVER TO HONG KONG
• FARE INCREASE IN STAR FERRY
• RIOTS
• SERIOUS DISRUPTION
TO PUBLIC TRANSPORT
10
CULTURAL REVOLUTION
HONG KONG IN
CRISIS
11
CULTURAL REVOLUTION
HONG KONG IN
CRISIS
危 机
• Danger Opportunity
PUBLIC LIGHT BUS 12
PLB
PLB
13
PLB
• AVAILABLE - FREQUENT SERVICE
• CONVENIENT - PASSENGERS HOP ON
AND OFF ANYWHERE ALONG ROUTE
• PREMIUM FOR SERVICE
• POPULAR WITH PASSENGERS
14
HONG KONG GOVERNMENT
•VIABILITY OF UNDERGROUND RAILWAY SYSTEM
•CONFIRMED BY CONSULTANT’S FEASIBILITY
STUDY
(FREEMAN FOX & PARTNERS + WILBUR SMITH)
•1975 - MASS TRANSIT PROVISIONAL AUTHORITY
•1976 - MASS TRANSIT RAILWAY CORPORATION
MTRC
COLIN COULSON
FORMER SR. PARTNER
FFP
15
MTRC
THE MASS TRANIST RAILWAY
ORDINANCE
16
MTRC
• WHOLLY GOVERNMENT
OWNED ENTERPRISE
HUTCHINSON HOUSE - RENTED
OFFICES
17
MTRC
• MANDATED TO BUILD AND OPERATE AN UNDERGROUND RAILWAY SYSTEM
• ON PRUDENT COMMERCIAL PRINCIPLES
• HAVING REGARD TO THE REASONABLE REQUIREMENTS OF THE PUBLIC TRANSPORT SYSTEM OF HONG KONG
18
MTRC
HONG KONG GOVERNMENT PUTS IN
INITIAL EQUITY (HK$ 800 M)
MTRC BORROWS REST IN OPEN MONEY
MARKET
19
PREFERRED SYSTEM
INITIAL SYSTEM
LETTER OF INTENT SIGNED WITH JAPANESE
CONSORTIUM FOR THE INITIAL SYSTEM
(20 km) AS A SINGLE DESIGN & BUILD CONTRACT
20
INITIAL SYSTEM
OIL CRISIS
CONSORTIUM WITHDREW
21
22
MODIFIED INITIAL SYSTEM
MIS
(15.6 km)
25 CIVIL & 10 E&M
DESIGN AND BUILD
CONTRACTS
23
MIS
GOVERNMENT SET UP MASS
TRANSIT ADVISER (MTA) TO:
• CO-ORDINATE BETWEEN MTRC & GOVERNMENT DEPARTMENTS
• FACILITATE TIMELY POLICY MAKING & ISSUE RESOLUTION
24
MIS
DIFFERENT LEVEL OF COMMITTEES & WORKING
GROUPS:
• GOVERNMENT / MTR LIAISON COMMITTEE
• GOVERNMENT / MTR PUBLICITY COMMITTEE
• METRO PUBLIC RELATIONS POLICY GROUP
25
MIS
• LAND ACQUISITION CO-ORDINATION COMMITTEE (LACC)
• STATION AND TRANSPORT INTEGRATION COMMITTEE
(STIC)
• SAFETY AND SECURITY CO-ORDINATION COMMITTEE
(SSCC)
• TRAFFIC MAMAGEMENT GROUP (TMG)
• UTILITIES CO-ORDINATION GROUP (UCG)
26
INSPECTORATE OF RAILWAY
(UK)
• APPOINTED BY GOVERNMENT AS
ADVISER ON RAILWAY SAFETY
• PROVIDES INPUT DURING DESIGN
• INSPECTS RAILWAY SYSTEM
• RECOMMENDS OPENING
MIS
SET UP IN-HOUSE PROJECT MANAGEMENT TEAM
27
RE-UNION OF SOME MEMBERS OF PROJECT MANAGEMENT TEAM
MIS
APPOINT CONSULTANTS
• FREEMAN FOX & PARTNERS – LEAD
• CHARLES HASWELL & PARTNERS (FE) - TUNNEL
• KAMPAX - PER HALL - IMMERSED TUBE
• KENNEDY & DONKIN INTERNATIONAL – E&M
• DESIGN & RESEARCH UNIT - ARCHITECTURAL
28
IMPORTANCE OF PUBLIC RELATIONS
• OBSERVATION WINDOWS ON HOARDINGS
• GROWING FOR YOU
29
MIS
IMPORTANCE OF PUBLIC RELATIONS
• CEREMONIES OF COMMENCEMENT
& COMPLETION OF WORKS
30
MIS
IMPORTANCE OF PUBLIC RELATIONS
PARTICIPANTS (STAKEHOLDERS) INCLUDE:
CORPORATION REPRESENTATIVES
CONTRACTORS
CONSULTANTS
GOVERNMENT OFFICIALS
LEGISLATORS
DISTRICT COUNCILLORS
LOCAL DIGNITARIES
31
MIS
IMPORTANCE OF PUBLIC RELATIONS
• PUBLICISING PROGRESS OF WORKS
• TEAM BUILDING
MIRANDA LEUNG
FORMER PUBLIC RELATIONS MANAGER
32
MIS
GROUNDBREAKING CEREMONY
BY CHAIRMAN SIR NORMAN THOMPSON
AT KWUN TONG 33
MIS
WORK STARTED
• NOVEMBER
1975
34
MIS
• FIRST CHAIRMAN – SIR NORMAN THOMPSON
DIRECT ACCESS TO THE GOVERNOR
SIMPLE & CLEAR MESSAGES
• PROJECT MANAGER – HONG KONG &
SHANGHAI BANK HQ BUILDING
35
MIS
FIRST M.D. – PROF TONY RIDLEY
M.D. – LONDON UNDERGROUND
MAJOR IMPROVEMENT TO THE SYSTEM
CO-M.D. - EUROTUNNEL
PROFESSOR – IMPERIAL COLLEGE LONDON
ICE PRESIDENT
36
MIS
• GENERAL PUBLIC
– EXCITEMENT
– EXPECTATION
– DETERMINATION
37
MIS
• GENERAL PUBLIC
HIGH DEGREE OF TOLERENCE
&
CO-OPERATION
38
MIS
PROJECT MANAGEMENT APPROACH:
• QUICK DECISION-MAKING
• REGULAR MONITORING OF EFFECT OF CHANGES ON BUDGET & PROGRAMME
• APPROPRIATE DELEGATION OF AUTHORITY
• SHARE RISKS & BENEFITS WITH CONTRACTORS
39
MIS
• BASED ON PROVEN TECHNOLOGY
• PROJECT MOTTO:
IF IT IS ESSENTIAL,
GET ON WITH IT.
IF IT IS DESIRABLE,
FORGET IT.
40
MIS
GOVERNMENT
COMMUNITY MTRC
UNITY IN PURPOSE
MIS
GROUND CONDITIONS
ALLUVIAL DEPOSITS
GRANITE (VARYING DEGREE OF
DECOMPOSITION)
HARD ROCK
41
MIS
42
STATION WALL CONSTRUCTION
MIS
43
STATION CONSTRUCTION
MIS
44
INSITU HORSESHOE TUNNEL
MIS
45
PRECAST CONCRETE TUNNEL
LINING
SGI TUNNEL LINING
46
MIS
NGAU TAU KOK STATION &
VIADUCT 47
MIS
KOWLOON BAY DEPOT
48
MIS
ADMIRALTY STATION
EXCAVATION 49
MIS
IMMERSED TUBE CASTING
50
MIS
MIS
51
IMT
52
MIS
• FROM KWUN TONG TO CENTRAL
KWUN TONG TO SHEK KIP MEI
– OPERATIONAL ON 1 OCTOBER 1979
53
MIS
• FROM KWUN TONG TO CENTRAL
KWUN TONG TO TSIM SHA TSUI
– OPERATIONAL ON 31 DECEMBER 1979
54
MIS
• FROM KWUN TONG TO CENTRAL
KWUN TONG TO CENTRAL
– OPENED BY PRINCESS ALEXANDRA
ON 12 FEBRUARY 1980
55
MIS
• FROM KWUN TONG TO CENTRAL
ON TIME AND WITHIN BUDGET
56
MIS
ESTIMATED COST IN 1975 HK$ B
(INCL. 7% p.a. ESCALATION TO 1980) 5.8
CONSTRUCTION COST 5.6
INCL. INTEREST AND FINANCE COST S 7.3
57
MIS
• NO SMOKING
• NO EATING
• NO DRINKING
• NO MUSIC/RADIO
58
MIS
• CLEAN
• QUIET
• EFFICIENT
• RELIABLE
• AIR-CONDITIONED DAVID BARRACLOUGH
FORMER OPERATIONS DIRECTOR
59
MIS
SUCCESS
GROWTH
60
FIRST HEADQUARTERS BUILDING 61
TSUEN WAN LINE
BUILDING UP THE
COMPANY
62
ERIC BLACK
SECOND MD
63
TSUEN WAN LINE
• ENGINEER’S DESIGN
• CONTRACTOR’S ALTERNATIVE
PROPOSALS CONSIDERED &
ADOPTED
TSUEN WAN DEPOT
&
LUK YEUNG SUN CHUEN DEVELOPMENT 64
TWL
LAI KING TO KWAI FONG
CROSS-OVER
65
TWL
• SET UP STRONG IN-HOUSE
PROFESSIONAL PROJECT
MANAGEMENT TEAM
• HANDS-ON STYLE
66
TWL
• PROJECT TEAM RESPONSIBLE FOR:
FEASIBLITY STUDY
PROPOSAL TO GOVERNMENT
SPECIFICATION
APPOINTMENT OF CONSULTANTS
TENDERING
CONTRACT AWARD
DESIGN MANAGEMENT
CONSTRUCTION MANAGEMENT
TESTING & COMMISSIONING
HANDOVER TO OPERATIONS
67
TWL
• TSUEN WAN LINE
– TSUEN WAN
TO CENTRAL
– OPERATIONAL
10 May 1982
(AHEAD OF PROGRAMME)
68
TWL
ESTIMATED COST IN 1978 HK$ B
(INCL. ESCALATION TO 1982) 4.1
CONTRACT COSTS 3.7
CORPORATION COST
CONSULATANTS’ FEES
LAND ACQUISITION
COMPENSATION 0.7
FINAL CONSTRUCTION COST 3.9
INCL. INTEREST AND FINANCE COSTS 5.3
69
ISL
70
ISL
• ISLAND LINE
– CHAI WAN TO ADMIRALTY
31 MAY 1985
– CHAI WAN TO SHEUNG WAN
23 MAY 1986
ESTIMATED TOTAL COSTS HK$ B
AT 1986 PRICES 10.9
(EXCL. INTEREST AND FINANCE
COSTS)
FINAL COST 10.0
INCL. INTEREST & 11.9
FINANCE COSTS
WILLIAM GREIG
FORMER PROJECTS DIRECTOR
71
ISL
MORE CHALLENGING TIME
72
73
ISL
• CHAIRMAN & CEO :
SIR WILFRID NEWTON STRENGTHENED CORPORATION’S FINANCE
LAID SOUND FOUNDATION FOR FUTURE
GROWTH
RE-ORGANISED HONG KONG STOCK
EXCHANGE AFTER MARKET COLLAPSE
BOARD MEMBER OF HONG KONG &
SHANGHAI BANKING CORPORATION (HSBC)
HON. FELLOW - HKIE
CHAIRMAN – LONDON TRANSPORT
OVERSAW JUBILEE LINE EXTENSION
CONSTRUCTION
74
MTR
ARRIVAL & GROWTH OF MTR
COINCIDE WITH :
TRANSFORMATION OF HONG KONG
FROM REGIONAL CITY
TO INTERNATIONAL FINANCIAL CENTRE
75
HONG KONG LEASE
• 99-YEAR LEASE EXPIRES ON 1 JULY 1997
• GOVERNMENT DEPENDS ON SALE OF LAND LEASES FOR REVENUE
• NEEDS TO KNOW ITS FUTURE
• NEGOTIATION BETWEEN LONDON & BEIJING
HONG KONG LEASE
BRITISH PRIME MINISTER
VISITED BEIJING
OFFERED TO EXCHANGE
SOVEREIGNTY FOR ADMINSTRATION
76
MARGARET THATCHER
77
HONG KONG LEASE
OFFER REJECTED BY CHINA
78
HONG KONG LEASE
BUT AGREED TO:
• SET UP JOINT LIAISON COMMITTEE (JLC)
• CONTINUE NEGOTIATION
• MAINTAIN STABILITY & PROSPERITY OF
HONG KONG
79
HONG KONG LEASE
• NEGOTIATION NOT GOING WELL
• UNCERTAINTY
80
HONG KONG LEASE
• JITTERY & GLOOMY
• INVESTMENTS PUT ON HOLD
• STOCK MARKET CRASH
• PROPERTY BUBBLE BURST
81
HONG KONG LEASE
HONG KONG DOLLAR PLUNGES
FROM AROUND HK$ 6 = US$ 1
TO
OVER HK$ 9 = US$ 1
82
HONG KONG LEASE
PEOPLE RUSH TO SUPERMARKET
TO BUY :
RICE
83
HONG KONG LEASE
PEOPLE RUSH TO SUPERMARKET
TO BUY :
RICE &
BABY’S POWDERED MILK
84
HONG KONG LEASE
• CURRENCY PEG
HK$ 7.8 = US$ 1
85
HONG KONG LEASE
ADVOCATE
JOHN GREENWOOD
86
HONG KONG LEASE
• CALM THE CITY
• STOP PANIC
87
August 2003 85
HONG KONG LEASE
• IN 1984 BRITAIN & CHINA SIGNED
JOINT DECLARATION ON FUTURE OF
HONG KONG
• CHINA TO REGAIN FULL SOVEREIGNTY
ON 1 JULY 1997
88
HONG KONG LEASE
PROMISE TO HONG KONG PEOPLE
• HONG KONG PEOPLE GOVERN HONG KONG
• WITH HIGH DEGREE OF AUTONOMY
• ONE COUNTRY TWO SYSTEMS
• NO CHANGE FOR 50 YEARS
89
HONG KONG LEASE
•ENSHRINED IN
BASIC LAW
•LODGED WITH
UNITED NATIONS
90
HONG KONG LEASE
• CURRENCY PEG
HK$ 7.8 = US$ 1
• REMAINS TO THIS DAY
91
MTRC
• BORROWING IN US$
• REVENUE IN HK$
• ADVERSE IMPACT BY
HIGH INTEREST RATE (12%)
DEVALUATION
92
MTRC
• HONG KONG
GOVERNMENT TO
INCREASE EQUITY
(HK$ 2.5 B ISSUED, 2.5 B
ON CALL )
• SHIFT BORROWING TO BE
HK$ DENOMINATED
ROGER MOSS
FORMER FINANCE DIRECTOR
MTRC
SECURED CREDIT RATING FROM
• MOODY
• S&P
ROAD SHOW TO TAP INTERNATIONAL BOND MARKET
• YANKEE BOND
• SAMURAI BOND
93
94
MTRC
IN NO POSITION TO FINANCE NEW
EXTENSIONS ON ITS OWN
EXECUTIVE COMMITTEE
95
EASTERN HARBOUR CROSSING
EASTERN HARBOUR CROSSING
ENTRANCE 96
EHC
• Build Own Transfer PROJECT BY OTHERS
• LINKING KWUN TONG TO QUARRY BAY
• THIRD CROSS HARBOUR TUNNEL
CARRYING ROAD AND RAILWAY
• RAIL PORTION LEASED TO MTRC
97
EHC
MTRC PAYS SEMI-ANNUAL INSTALMENTS FOR
18½ YEARS TOTALLING HK$ 2.6 B
OTHER CAPITAL INVESTMENT
INCL. ROLLING STOCKS 0.365 B
WILLIAM DONALD
FORMER OPERATIONS
DIRECTOR
98
EHC
OPENED ON 1 OCTOBER 1989
PRINCE CHARLES SPEAKING TO
THOMAS LAI
99
AFTER JOINT DECLARATION
• UNCERTAINTY REMOVED
• CONFIDENCE RETURNED
LIPPO CENTRE
EMIGRATION
1989 JUNE 4 1989 INCIDENT
100
EMIGRATION
101
BEIJING
EMIGRATION
102
HONG KONG
EMIGRATION
STOCK & PROPERTY MARKET
COLLAPSED
WAVE OF EMIGRATION
103
EMIGRATION
MTRC
PROVIDENT FUND PAYOUT DEPENDED ON HANG
SENG SHARE INDEX AT END OF PREVIOUS
MONTH
FEAR OF FURTHER DEPRECIATION
STAFF RESIGNED TO CASH IN
AGGRAVATING STAFF LOSS 104
EMIGRATION
CHANGED TO FINAL SALARY
SCHEME
STEMMED OUTFLOW
105
CHECKERBOARD IN SIGHT
106
KAI TAK AIRPORT
STEADY AS SHE GOES
107
KAI TAK AIRPORT
DO YOUR WINDOW SHOPPING
BEFORE YOU LAND 108
KAI TAK AIRPORT
SEE....I LAND IT ON THE ROOF
109
KAI TAK AIRPORT
HARD RIGHT TURN AND DIVE
110
KAI TAK AIRPORT
BUT LANDING ON THE
RUNWAY...... IS NOT ALWAYS
EASY 111
KAI TAK AIRPORT
SOMETIMES.... ENDED UP IN THE
WATER 112
KAI TAK AIRPORT
113
AIRPORT CORE PROJECTS
RELOCATE AIRPORT FROM KAI TAK TO CHEK LAP KOK
114
AIRPORT CORE PROJECTS
• APPROVED BY BEIJING
& LONDON
115
AIRPORT CORE PROJECTS
• OBJECTIVES:
– TO STIMULATE ECONOMY
– TO FACILITATE FUTURE GROWTH
– TO ELIMINATE AVIATION HAZARD
– TO BE COMPLETED IN TIME FOR HANDOVER
116
ACP
• AIRPORT AT CHEK LAP KOK
• TSING MA BRIDGE
• LANTAU & AIRPORT RAILWAY
117
ACP
• KAP SHUI MUN BRIDGE
• TING KAU BRIDGE
• HIGHWAYS
• RECLAMATIONS
• THIRD CROSS HARBOUR ROAD
TUNNEL (WESTERN HARBOUR CROSSING)
118
ACP
• HK$ 127 BILLION £ 10 BILLION
119
ACP
CHINA’S CONCERN:
• ROSE GARDEN PROJECT
• EMPTY TREASURY
• HIGH DEBT
120
ACP
AGREEMENT REACHED TO:
• LEAVE HK$ 25 B MIN. IN TREASURY
• CAP GOVERNMENT BORROWING
AT HK$ 5 B UNLESS AGREED OTHERWISE
• CAP ANNUAL LAND SALE
NO MORE THAN 50 ha /year
121
ACP
ESSENTIAL TO HAVE CHINA’S AGREEMENT AND SUPPORT
TO ASSURE INVESTORS
WRANGLING OVER FINANCIAL DATA DELAYED PROJECT
START
HAMISH MATHERS
FORMER CHAIRMAN
122
ACP
JACK SO CHAK KWONG
FORMER CHAIRMAN & CEO
123
ACP
AT TIME OF HANDOVER
ON 30 JUNE/1 JULY 1997
CHINESE PRESIDENT ARRIVED LAST BRITISH GOVERNOR LEFT
BY PLANE
AT THE NEW AIRPORT ON ROYAL YACHT BRITANNIA
JIANG JI MEN LORD PATTEN
•
124
ACP
PROJECT COMPLETED IN 1998
Ir DOUGLAS OAKERVEE
PROJECT DIRECTOR HKIA
FORMER MTR PROJECT MANAGER
ICE PRESIDENT
HONG KONG INTERNATIONAL
AIRPORT 125
TSING MA BRIDGE
(ROAD + RAIL) 126
127
LANTAU & AIRPORT LINE
128
LAL
AIRPORT EXPRESS LINE (AEL)
AIRPORT – HONG KONG
23 MINUTES JOURNEY
IN-TOWN-CHECK-IN
129
LAL
TUNG CHUNG LINE (ON SHARED TRACK WITH AEL)
TUNG CHUNG - HONG KONG
COMMUTER LINE
ALSO PROVIDES RELIEF
TO NATHAN ROAD CONGESTION
130
LAL
FINANCIAL SUPPORT AGREEMENT (FSA)
WITH GOVERNMENT
• HK$ 23.7 B ADDITIONAL EQUITY BY GOVERNMENT
• 62 ha LAND FOR DEVELOPMENT
• DEFERRAL OF DIVIDENDS UNTIL 2001
• REVENUE DEFICIENCY PAYMENTS
(80% FOR NO MORE THAN 2 YEARS
IF DELAYED BY OTHERS)
131
ACP
EXTENSIVE APPLICATION OF
VALUE ENGINEERING
INTRODUCE PARTNERING
RUSSELL BLACK
FORMER PROJECTS DIRECTOR
NO MORE SLIDING SEATS
132
TUNG CHUNG LINE
AEL TRAIN
133
AIRPORT EXPRESS
• SPACIOUS SEATING
• PLEASANT AMBIENCE
• BUSINESS CLASS COMFORT
FROM PLANE,
THROUGH TRAIN,
TO HOTEL
134
LAL TCL
OPERATIONAL ON 22 JUNE 1998
AEL
OPERATIONAL ON 6 JULY 1998
135
LAL
HK$ B
PROJECT COST 35.1
(INCLUDING CAPITALISED INTEREST)
FINANCED BY:
EQUITY 23.7
DEBT 11.4
CONSOLIDATION
136
137
TSEUNG KWAN O LINE
138
TKL
• TSEUNG KWUN O LINE
– COMMUTER LINE
– FROM PO LAM TO NORTH POINT
– OPERATIONAL ON 17 AUGUST 2002
TKL
I st JULY – 1997
ASIAN FINANCIAL CRISIS
MAJOR REVIEW OF THE
PROJECT
139
140
TKL
INITIAL CAPITAL COST ESTIMATE HK$ B
INCL. CAPITALISED INTEREST 30.5
FINAL COST 16.0
HANG HAU STATION
TKL
141
NORTH POINT CAVERN
142
DISNEYLAND RESORT LINE
143
DRL
• DISNEYLAND RESORT LINE
– FROM SUNNY BAY TO DISNEYLAND
– FULLY AUTOMATIC OPERATION
– OPERATIONAL ON
12 SEPTEMBER 2005
144
ASIAWORLD-EXPO STATION
145
ASIAWORLD-EXPO STATION
AIR STATION –
ASIAWORLD-EXPO
OPERATIONAL ON
20 DECEMBER 2005
146
NGONG PING 360
147
NGONG PING 360
SCHEDULED OPENING 24 JUNE 2006
OPERATIONAL 18 SEPT 2006
OFFICIAL OPENING 9 NOV 2006
SUCCESS PROFILERATING
148
149
MTRC
PROJECT MANAGEMENT
RAILWAY OPERATION
FINANCIAL EXPERTISE
TRAINING & DEVELOPMENT
PROPERTY
AUTOMATIC FARE COLLECTION
150
MTRC
• INVEST HEAVILY IN STAFF TRAINING & DEVELOPMENT
• CORE VALUES :
CUSTOMER SERVICE
RESPECT FOR THE INDIVIDUAL
ON TIME AND WITHIN BUDGET
151
MTRC
PROVIDES PROFESSIONAL
TRAINING SERVICES TO
OTHER RAILWAYS IN:
– MAINLAND CHINA
– SOUTHEAST ASIA
PHILP GAFFNEY
FORMER OPERATIONS DIRECTOR
LEN TURK
FORMER LEGAL DIRECTOR &
COMPANY SECRETARY
PATRICK MAULE
FORMER PERSONNEL DIRECTOR
PROPERTY DEVELOPMENT
& MANAGEMENT
MAJOR GOVERNMENT POLICY ISSUES
TRANSPORT HOUSING
152
153
PROPERTY DEVELOPMENT
& MANAGEMENT
• GOVERNMENT ALLOCATE LAND AT
FULL MARKET VALUE ALONG THE
RAILWAY FOR DEVELOPMENT
154
PROPERTY DEVELOPMENT
& MANAGEMENT
• MAJOR & REPUTABLE
PROPERTY DEVELOPER AND MANAGER IN TOWN
• JOINT VENTURES
– RESIDENTIAL
– RETAIL
– OFFICES
– HOTEL
155
PROPERTY DEVELOPMENT
& MANAGEMENT
• SUBSTANTIAL CONTRIBUTION
TOWARDS COST OF RAILWAY
• CAPTURED PASSENGERS
(FORMING PART OF 2.4 M DAILY
RIDERSHIP)
156
PROPERTY DEVELOPMENT
& MANAGEMENT
PROCEEDS FROM DEVELOPMENTS HELP TO:
• KEEP FARES AT REASONABLE LEVEL
• MAINTAIN & EXTEND RAIL NETWORK
157
PROPERTY DEVELOPMENT
& MANAGEMENT
TELFORD GARDEN
158
PROPERTY DEVELOPMENT
& MANAGEMENT
PROPERTY DEVELOPMENT
& MANAGEMENT
159
PARK VIEW
PROPERTY DEVELOPMENT
& MANAGEMENT
160
CENTRAL STATION RETAIL
PROPERTY DEVELOPMENT
& MANAGEMENT
161
TELFORD PLAZA
MARITIME SQUARE
162
PROPERTY DEVELOPMENT
& MANAGEMENT
PROPERTY DEVELOPMENT
& MANAGEMENT
163 ELEMENTS
2IFC
164
2 INTERNATIONAL FINANCE CENTRE
165
UNION SQUARE
ICC
166
INTERNATIONAL COMMERCE CENTRE
• 118 FLOORS
• 490 METRES HIGH
• THIRD TALLEST
BUILDING IN THE
WORLD
167
ICC
ICC
GATEWAY TOWERS
168
• PROPERTY OPEARATIONS
& MANAGEMENT
CHINA – BEIJING
169
GINZA MALL
PROPERTY DEVELOPMENT
& MANAGEMENT
AS AT END 2012:
Investment properties
Hong Kong: 13 shopping malls + 18 floors at 2 IFC
Shops 212,612 sq.m )
Offices 40,969 sq.m ) 267,223sq.m
Other use 13,642 sq.m )
Mainland China: Ginza Mall
Shops 18,398 sq.m
Managed properties:
• 86,266 residential units in Hong Kong
• 764,725 sq.m commercial properties in Hong Kong
• 233,000 sq.m in Mainland China
170
171
AUTOMATIC FARE COLLECTION
• ELECTRO-MAGNETIC CARD
• STORED VALUE CARD
• CONTACTLESS SMART CARD
ROB NOBLE
FORMER MARKETING & PLANNINGDIRECTOR
172
AUTOMATIC FARE COLLECTION
ELECTRO-MAGNETIC CARD
• PLASTIC
• RE-USABLE
• NO LITTER
• ISSUED BY MACHINE / HAND
• FIXED VALUE
• ELECTRO-MAGNETIC
• SINGLE JOURNEY
173
MIS
• NO SMOKING
• NO EATING
• NO DRINKING
• NO MUSIC/RADIO
• NO TICKET FLICKING
174
AUTOMATIC FARE COLLECTION
STORED VALUE
• PLASTIC
• RE-USABLE
• NO LITTER
• ISSUED BY MACHINE / HAND
• FIXED VALUE
• ELECTRO-MAGNETIC
• MULTIPLE JOURNEYS
• UNRESTRICTED LAST JOURNEY
• ADVANCE REVENUE COLLECTION
• REDUCTION IN CASH HANDLING
175
AFC
OCTOPUS CONTACTLESS SMART CARD
• PLASTIC
• ISSUED BY MACHINE / HAND
• RE-USABLE
• NO LITTER
• MULTIPLE JOURNEYS
• ADVANCE REVENUE
• RADIO FREQUENCY IDENTIFICATION (RFID)
• NO CONTACT AT TURNSTILE
• TOP UP VALUE
• FURTHER REDUCTION IN CASH HANDLING
• ACCEPTED BY BUSINESS PARTNERS
176
OCTOPUS CONTACTLESS SMART CARD
• RELIABLE TICKETING
• LABOUR SAVING
• DATA FOR:
OPERATIONAL PLANNIN INCLUDING PRICING
177
OCTOPUS CONTACTLESS SMART CARD
• FORERUNNER OF:
• EZ-LINK – SINGAPORE
• OYSTER CARD – LONDON
• EASYCARD - TAIPEI
178
OCTOPUS CONTACTLESS SMART CARD
OTHER USES:
PUBLIC TRANSPORTS
CAR PARKS
ACCESS CONTROL TO BUILDINGS
CONFIRMATION OF STUDENTS’
ATTENDANCE AT SCHOOL
OCTOPUS CONTACTLESS
SMART CARD
AS AT END OF JUNE 2012
• 12.1 MILLION DAILY TRANSACTIONS
• HK$ 123.9 MILLION PER DAY
• ADOPTED BY OVER 5000 SERVICE PROVIDERS
179
180
MTR CORPORATION
AN OUTSTANDINGLY SUCCESSFUL
ENTERPRISE
181
MTR CORPORATION LTD
LISTED ON THE HONG KONG
EXCHANGE
ON 5 OCTOBER 2000
MERGER WITH KCRC
182
183
MERGER
• HONG KONG GOVERNMENT ANNOUNCED
MERGER PROPOSAL BETWEEN MTRCL & KCRC
ON 11 APRIL 2006
184
MERGER
• KCRC
• ORIGINALLY A GOVERNMENT DEPARTMENT
• TURNED INTO A WHOLLY GOVERNMENT
OWNED PUBLIC CORPORATION
• CHARGED TO OPERATE AND DEVELOP
DOMESTIC, CROSS-BOUNDARY AND INTERCITY
RAILWAY SERVICES
• IN A PRUDENT COMMERCIAL MANNER
185
MERGER
KCRC
• OPERATES:
– EAST RAIL
– WEST RAIL
– LIGHT RAIL
– INTERCITY TO GUANGZHOU
– FREIGHT TO INTERIOR OF MAINLAND CHINA
186
MERGER
KCRC
• PROPERTY DEVELOPMENT
&
MANAGEMENT
187
MERGER
• HONG KONG GOVERNMENT ANNOUNCED MERGER PROPOSAL BETWEEN MTRCL & KCRC ON 11 APRIL 2006
• MTRCL SIGNED MEMORANDUM OF UNDERSTANDING (MOU) WITH HK GOVERNMENT
MICHAEL TIEN DR RAYMOND CH'IEN
FORMER CHAIRMAN KCRC CHAIRMAN MTRCL
188
MERGER
MEET THE GOVERNMENT’S FIVE PARAMETERS
1. ADOPTION OF A MORE OBJECTIVE AND TRANSPARENT
FAM
2. ABOLITION OF THE SECOND BOARDING CHARGE & REVIEW FARE STRUCTURE TO REDUCE FARES
3. EARLY RESOLUTION OF INTERCHANGE ARRANGEMENTS FOR RAIL PROJECTS UNDER PLANNING, NOTABLY THE SHATIN TO CENTRAL LINK
4. ENSURE JOB SECURITY FOR FRONTLINE STAFF
5. PROVISION OF SEAMLESS INTERCHANGE ARRANGEMENTS IN THE LONG TERM
MERGED
• COMPLETED ON
2 DECEMBER
2007
• 香港鐵路有限公司
189 ONE COMPANY ONE TEAM
190
MERGED
MERGED
• 211 Km ROUTE LENGTH
• 82 STATIONS
• 9 COMMUTER LINES
• AIRPORT EXPRESS
• LIGHT RAIL
• DISNEYLAND RESORT LINE
• FEEDER BUS SERVICE
• CABLE CAR
• INTERCITY PASSENGER SERVICE
• INTERCITY FREIGHT SERVICE
• 3 MILLION DAILY PASSENGERS 191
MERGED
ONE COMPANY ONE TEAM
192
STAFF INTEGRATION WILLIAM CHAN
FORMER HUMAN RESOURCES DIRECTOR
MTR CORPORATION LTD
GROWTH MOMENTUM
193
194
MTRCL
EXPANSION
NEW VISION :
• TO BE A WORLD CLASS ENTERPRISE
• GROWING IN HONG KONG & BEYOND
• FOCUSING ON RAIL, PROPERTY &
RELATED BUSINESS
195
MTRCL
• NEW MISSION :
• EXCELLENT VALUE FOR CUSTOMERS
• OPPORTUNITIES FOR STAFF
• DEVELOP RAILWAY NETWORK AS BACKBONE OF PUBLIC TRANSPORT IN HONG KONG
• GROW IN MAINLAND CHINA & CAPTURE OPPORTUNITIES IN EUROPE
196
MTRCL
• NEW CORE VALUES :
EXCELLENT SERVICE
VALUE CREATION
MUTUAL RESPECT
ENTERPRISING SPIRIT
BUSINESS OUTSIDE HONG KONG
197
COMPANY SHARE
BEIJING MTR CORPORATION LTD. (BJMTR) 49%
MTR CORPORATION ( SHENZHEN) LTD. (SZMTR) 100%
METRO TRAINS MELBOURNE PTY. LTD. (MTM) 60%
MTR STOCKHOLM AB (MTRS) 100%
TUNNELBANAN TEKNIK STOCKHOLM AB (TBT) 50%
LONDON OVERGROUND RAIL OPERATIONS LTD. (LOROL) 50%
MTR HANGZHOU LINE 1 INVESTMENT CO. LTD. 100%
198
UK BUSINESS
LORO (MTR/LAING )
FRANCHISE TO OPERATE
LONDON ORBITAL RAILWAY
INITIALLY FROM
11 NOVEMBER 2007
FOR 7 YEARS
NOW EXTENDED TO 11 NOVEMBER 2016
SUCCESS
199 199 199
UK BUSINESS
LOROL (MTR/DEUTSCHE BAHN)
ACTION ON DAY ONE
• OYSTER TICKETING SYSTEM
• NEW TICKETING MACHINES
• STATIONS GATED
(MTR/DEUTSCHE BAHN)
• IMPROVEMENT IN:
1. SERVICE OPERATION
2. PUNCTUALITY
3. SAFETY
4. SECURITY
• TICKETLESS TRAVEL DOWN
• REVENUE UP
200 200
UK BUSINESS
201 201 201
UK BUSINESS
(MTR/DEUTSCHE BAHN)
PROGRAMME FOR:
• CUSTOMER SERVICE TRAINING
• STATION CLEANING AND REPAIR
• STATION REFURBISHEMENT
• STATION REMODELLING
• NEW EXTENSIONS
202 202 202
UK BUSINESS
(MTR/DEUTSCHE BAHN)
EAST LONDON LINE COMPLETED IN DECEMBER 2012
NOW OPERATES 57 STATIONS OVER 124 km
AROUND 400,000 PASSENGERS/DAY
UK BUSINESS
• “….so gradually all suburban rail services in London
can be brought up to the standard of London
Overground.”
Ken Livingstone
Mayor of London
203
UK BUSINESS
“London Overground has become a shining example
of how franchises can be run. With the network soon
to orbit our city, the London Overground's next five
years are sure to take the service to new heights.
Congratulations to all those
workers whose hard graft has
made this a success story.”
Boris Johnson
Mayor of London
204
UK BUSINESS
9TH LONDON TRANSPORT AWARDS
LONDON TRANSPORT OPERATOR OF THE YEAR
(SECOND YEAR IN A ROW)
2012 METRORAIL AWARDS LONDON
WORLD’S MOST IMPROVED METRO
205
(MTR/DEUTSCHE BAHN)
UK BUSINESS
206
UK BUSINESS
207
AWARDED CROSSRAIL FRANCHISE
CURRENT EXTENSION PROJECTS
208
HONG KONG GOVERNMENT
INFRASTRUCTURE INVESTMENT
• 2007-2008 POLICY ADDRESS
ANNOUNCES TEN MAJOR
INFRASTRUCTURE PROJECTS
• ANNUAL EXPENDITURE OF
HK$ 50 BILLION (£ 4 BILLION)
IN COMING YEARS
209
HONG KONG GOVERNMENT
INFRASTRUCTURE INVESTMENT
210
HONG KONG GOVERNMENT
INFRASTRUCTURE INVESTMENT • Transport Infrastructure
1. South Island MTR Line
2. The Sha Tin to Central MTR Link
3. The Tuen Mun Western Bypass and Tuen Mun-Chek Lap Kok Link
• Cross-boundary Infrastructure Projects
4. The Guangzhou-Shenzhen-HK Express Rail Link
5. HK-Shenzhen Airport Co-operation
6. HK-Zhuhai-Macao Bridge
7. HK-Shenzhen Joint Development of the Lok Ma Chau Loop
• New Urban Development Areas
8. West Kowloon Cultural District
9. Kai Tak Development Plan
10. New Development Areas (NDAs)
211
RAILWAY EXTENSIONS
212
RAILWAY EXTENSIONS
213 SCL
JAY WALDER
CEO
TC CHIEW
PROJECTS DIRECTOR
CONSTRUCTION COMMENCED
IN JUNE 2012
RAILWAY EXTENSIONS
EXTENSION PROJECT FUNDING
XRL SERVICE CONCESSION
(GOVERNMENT CAPITAL + MTRCL OPERATIONS)
WIL CAPITAL GRANT
KTE RAIL + PROPERTY
SCL SERVICE CONCESSION
SIL(E) RAIL + PROPERTY
214
RAILWAY EXTENSIONS
XRL
PROGRAMME DELAY
BUDGET OVERRUN
CHANGE OF CE & PROJ DIRECTOR
215
RAILWAY EXTENSIONS
WIL
HKU & KET OPENED 28 DECEMBER 2014
SYP OPERATIONAL 29 MARCH 2015
216
RAILWAY EXTENSIONS
217 RAILWAY DEVELOPMENT STRATEGY 2000
(UPDATE)
LISTENING & RESPONDING CORPORATION
218
用心聽 用心做
IMPROVED SERVICES
NEW INTEGRATED ENTRANCES
ENTRANCE UPGRADE
FACILITIES FOR THE PHYSICALLY IMPAIRED
RETROFITS - PLATFORM SIDE DOORS & TOILETS
NEW KIOSKS
NEW SINGNALLING SYSTEM
RAILWAY PROTECTION
219
MTRCL
A STORY
OF
OUTSTANDING SUCCESS
KOWLOON BAY HQ BUILDING
220
MTRCL
• PROFITABLE
0
2
4
6
8
10
12
14
16
Turnover
Operating profit before depreciation (after property development profit)
Net profit excluding investment property revaluation
HK$B
14.2
10.7
8.6
MTRCL
221
MTRCL
222
223
MTRCL
CONSOLIDATED P & L A/C
(YEAR ENDED 31 December 2012) HK$ M
• REVENUE 35,759
• PROFIT ON PROPERTY DEVELOPMENTS 3,238
• OPERATING PROFIT BEFORE DEPRECIATION 16,321
• NET PROFIT ATTRIBUTABLE TO SHAREHOLDERS 13,532
224
MTRCL
AS AT END 2012:
PATRONAGE ( million)
Yearly 1,771
Daily 4.7
225
MTRCL
HONG KONG PEOPLE
ENGINEERS MTR STAFF
HAVE REASON TO BE PROUD
226
IN THE EYES
of the
BBC
19 APRIL 2006
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