Mtr   a success story 07.11.2011 v4
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Mtr a success story 07.11.2011 v4

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History of the Hong Kong Mass Tranist Railway.

History of the Hong Kong Mass Tranist Railway.

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Mtr   a success story 07.11.2011 v4 Mtr a success story 07.11.2011 v4 Presentation Transcript

  • HONG KONG MASS TRANSIT RAILWAY A SUCCESS STORY PRESENTED BY Ir Thomas S K LAI CEng, MICE, MIStructE, MHKIE Chairman HKIE UK CHAPTER 0 ©
  • BIRTH & GROWTH OFHONG KONG MASS TRANSIT RAILWAYUP TO DATE 1
  • HONG KONG• LOCATED AT THE PEARL RIVER ESTUARY ON THE SOUTHERN COAST OF CHINA 2
  • VICTORIA HARBOUR 3
  • August 2003 77 HARBOUR FRONT 4
  • STAR FERRYAugust 2003 66 5
  • 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 6
  • CULTURAL REVOLUTION HONG KONG IN CRISIS 7
  • CULTURAL REVOLUTION HONG KONG IN CRISIS 危 机 • Danger Opportunity 8
  • PLB PLBPUBLIC LIGHT BUS 9
  • PLB• AVAILABLE - FREQUENT SERVICE• CONVENIENT - PASSENGERS HOP ON AND OFF ANYWHERE ALONG ROUTE• PREMIUM FOR SERVICE• POPULAR WITH PASSENGERS 10
  • HONG KONG GOVERNMENT •VIABILITY OF UNDERGROUND RAILWAY SYSTEM •CONFIRMED BY CONSULTANT‟S FEASIBILITY STUDY •1975 - MASS TRANSIT PROVISIONAL AUTHORITY •1976 - MASS TRANSIT RAILWAY CORPORATION MTRC 11
  • MTRCTHE MASS TRANIST RAILWAYORDINANCE 12
  • MTRC• WHOLLY GOVERNMENT OWNED ENTERPRISE 13
  • 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 14
  • MTRCHONG KONG GOVERNMENT PUTS ININITIAL EQUITY (HK$ 800 M)MTRC BORROWS REST IN OPENMONEY MARKET 15
  • PREFERRED SYSTEM 16
  • INITIAL SYSTEMLETTER OF INTENT SIGNED WITH JAPANESE CONSORTIUM FOR THE INITIAL SYSTEM (20 km) AS A SINGLE DESIGN & BUILD CONTRACT 17
  • INITIAL SYSTEMOIL CRISISCONSORTIUM WITHDREW 18
  • MODIFIED INITIAL SYSTEMMIS(15.6 km)25 CIVIL & 10 E&MDESIGN AND BUILD CONTRACTS 19
  • MISGOVERNMENT SET UP MASSTRANSIT ADVISER (MTA) TO:• CO-ORDINATE BETWEEN MTRC & GOVERNMENT DEPARTMENTS• FACILITATE TIMELY POLICY MAKING & ISSUE RESOLUTION 20
  • MISDIFFERENT LEVEL OF COMMITTEES & WORKING GROUPS:• GOVERNMENT / MTR LIAISON COMMITTEE• GOVERNMENT / MTR PUBLICITY COMMITTEE• METRO PUBLIC RELATIONS POLICY GROUP 21
  • 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) 22
  • INSPECTORATE OF RAILWAY (UK) • APPOINTED BY GOVERNMENT AS ADVISER ON RAILWAY SAFETY • PROVIDES INPUT DURING DESIGN • INSPECTS RAILWAY SYSTEM • RECOMMENDS OPENING 23
  • MISIMPORTANCE OF PUBLIC RELATIONS• OBSERVATION WINDOWS ON HOARDINGS• GROWING FOR YOU 24
  • MISIMPORTANCE OF PUBLIC RELATIONS• CEREMONIES OF COMMENCEMENT & COMPLETION OF WORKS 25
  • MISIMPORTANCE OF PUBLIC RELATIONSPARTICIPANTS (STAKEHOLDERS) INCLUDE: CORPORATION REPRESENTATIVES CONTRACTORS CONSULTANTS GOVERNMENT OFFICIALS LEGISLATORS DISTRICT COUNCILLORS LOCAL DIGNITARIES 26
  • MISIMPORTANCE OF PUBLIC RELATIONS• TEAM BUILDING• PUBLICISING PROGRESS OF WORKS 27
  • MISWORK STARTED• NOVEMBER 1975 GROUNDBREAKING CEREMONY BY CHAIRMAN SIR NORMAN THOMPSON 28 AT KWUN TONG
  • MIS• FIRST CHAIRMAN – SIR NORMAN THOMPSON DIRECT ACCESS TO THE GOVERNOR SIMPLE & CLEAR MESSAGES• PROJECT MANAGER – HONG KONG & SHANGHAI BANK HQ BUILDING 29
  • MIS• FIRST M.D. – PROF. TONY RIDLEY• M.D. – LONDON UNDERGROUND MAJOR IMPROVEMENT TO THE SYSTEM• PROFESSOR – IMPERIAL COLLEGE LONDON 30
  • MIS• HONG KONG PEOPLE – EXCITEMENT – EXPECTATION – DETERMINATION 31
  • MIS• HONG KONG PEOPLE HIGH DEGREE OF TOLERENCE & CO-OPERATION 32
  • MISPROJECT MANAGEMENT APPROACH:• QUICK DECISION-MAKING• REGULAR MONITORING OF EFFECT OF CHANGES ON BUDGET & PROGRAMME• APPROPRIATE DELEGATION OF AUTHORITY• SHARE RISKS & BENEFITS WITH CONTRACTORS 33
  • MIS• BASED ON PROVEN TECHNOLOGY• PROJECT MOTTO: IF IT IS ESSENTIAL, GET ON WITH IT. IF IT IS DESIRABLE, FORGET IT. 34
  • MIS GOVERNMENTCOMMUNITY MTRC UNITY IN PURPOSE 35
  • MISGROUND CONDITIONS ALLUVIAL DEPOSITS GRANITE (VARYING DEGREE OF DECOMPOSITION) HARD ROCK 36
  • MISSTATION WALL CONSTRUCTION 37
  • MISSTATION CONSTRUCTION 38
  • MISINSITU HORSESHOE TUNNEL 39
  • MISPRECAST CONCRETE TUNNEL LINING 40
  • MISSGI TUNNEL LINING 41
  • MISNGAU TAU KOK STATION & VIADUCT 42
  • MISKOWLOON BAY DEPOT 43
  • MISADMIRALTY STATION EXCAVATION 44
  • MISIMMERSED TUBE CASTING 45
  • MISIMT 46
  • MIS• FROM KWUN TONG TO CENTRAL KWUN TONG TO SHEK KIP MEI – OPERATIONAL ON 1 OCTOBER 1979 47
  • MIS• FROM KWUN TONG TO CENTRAL KWUN TONG TO TSIM SHA TSUI – OPERATIONAL ON 31 DECEMBER 1979 48
  • MIS• FROM KWUN TONG TO CENTRAL KWUN TONG TO CENTRAL – OPENED BY PRINCESS ALEXANDRA ON 12 FEBRUARY 1980 49
  • MIS• FROM KWUN TONG TO CENTRAL ON TIME AND WITHIN BUDGET 50
  • MISESTIMATED COST IN 1975 HK$ B(INCL. 7% p.a. ESCALATION TO 1980) 5.8CONSTRUCTION COST 5.6INCL. INTEREST AND FINANCE COST S 7.3 51
  • MIS• NO SMOKING• NO EATING• NO DRINKING• NO MUSIC/RADIO 52
  • MIS• CLEAN• QUIET• EFFICIENT• RELIABLE• AIR-CONDITIONED 53
  • MISSUCCESS 54
  • TSUEN WAN LINE 55
  • TWL• ENGINEER‟S DESIGN• CONTRACTOR‟S ALTERNATIVE PROPOSALS CONSIDERED & ADOPTED LAI KING TO KWAI FONG VIADUCT 56
  • TWL• SET UP STRONG IN-HOUSE PROFESSIONAL PROJECT MANAGEMENT TEAM• HANDS-ON STYLE LAI KING TO KWAI FONG CROSS-OVER 57
  • 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 58
  • TWL• TSUEN WAN LINE – TSUEN WAN TO CENTRAL – OPERATIONAL 10 May 1982 (AHEAD OF PROGRAMME) 59
  • TWLESTIMATED 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 60
  • ISL 61
  • ISL• ISLAND LINE – CHAI WAN TO ADMIRALTY 31 MAY 1985 – CHAI WAN TO SHEUNG WAN 23 MAY 1986 62
  • ISLESTIMATED TOTAL COSTS HK$ BAT 1986 PRICES 10.9(EXCL. INTEREST AND FINANCECOSTS)FINAL COST 10.0INCL. INTEREST AND FINANCE COSTS 11.9 FORTESS HILL STATION 63
  • 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 DIRECTOR OF HONG KONG & SHANGHAI BANKING CORPORATION (HSBC) HON. FELLOW - HKIE CHAIRMAN – LONDON TRANSPORT OVERSAW JUBILEE LINE EXTENSION 64 CONSTRUCTION
  • MTRARRIVAL & GROWTH OF MTRCOINCIDE WITH :TRANSFORMATION OF HONG KONGFROM REGIONAL CITYTO INTERNATIONAL FINANCIAL CENTRE 65
  • 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 66
  • HONG KONG LEASE• BRITISH PRIME MINISTER VISITED BEIJING• OFFER TO EXCHANGE SOVEREIGNTY FOR ADMINSTRATION• OFFER REJECTED BY CHINA 67
  • HONG KONG LEASEBUT AGREED TO:• SET UP JOINT LIAISON COMMITTEE (JLC)• CONTINUE NEGOTIATION• MAINTAIN STABILITY & PROSPERITY OF HONG KONG 68
  • HONG KONG LEASE• NEGOTIATION NOT GOING WELL• UNCERTAINTY 69
  • HONG KONG LEASE• JITTERY & GLOOMY• INVESTMENTS PUT ON HOLD• STOCK MARKET CRASH• PROPERTY BUBBLE BURST 70
  • HONG KONG LEASEHONG KONG DOLLAR PLUNGESFROM AROUND HK$ 6 = US$ 1 TOOVER HK$ 9 = US$ 1 71
  • HONG KONG LEASEPEOPLE RUSH TO SUPERMARKETTO BUY :RICE 72
  • HONG KONG LEASEPEOPLE RUSH TO SUPERMARKETTO BUY :RICE &BABY‟S POWDERED MILK 73
  • HONG KONG LEASE• CURRENCY PEG HK$ 7.8 = US$ 1 74
  • HONG KONG LEASE• CALM THE CITY• STOP PANIC 75
  • HONG KONG LEASE• IN 1984 BRITAIN & CHINA SIGNED JOINT DECLARATION ON FUTURE OF HONG KONG• CHINA TO REGAIN FULL SOVEREIGNTY ON 1 JULY 1997 August 2003 85 76
  • HONG KONG LEASEPROMISE TO HONG KONG PEOPLE• HONG KONG PEOPLE GOVERN HONG KONG• WITH HIGH DEGREE OF AUTONOMY• ONE COUNTRY TWO SYSTEMS• NO CHANGE FOR 50 YEARS 77
  • HONG KONG LEASE•ENSHRINED IN •LODGED WITH BASIC LAW UNITED NATIONS 78
  • HONG KONG LEASE• CURRENCY PEG HK$ 7.8 = US$ 1• REMAINS TO THIS DAY 79
  • MTRC• BORROWING IN US$• REVENUE IN HK$• ADVERSE IMPACT BY HIGH INTEREST RATE (12%) DEVALUATION 80
  • MTRC• HONG KONG GOVERNMENT TO INCREASE EQUITY (HK$ 2.5 B ISSUED, 2.5 B ON CALL )• SHIFT BORROWING TO BE HK$ DENOMINATED 81
  • MTRC• IN NO POSITION TO FINANCE NEW EXTENSIONS 82
  • EASTERN HARBOUR CROSSING 83
  • EHC• BOT PROJECT BY OTHERS• LINKING KWUN TONG TO QUARRY BAY• THIRD CROSS HARBOUR TUNNEL CARRYING ROAD AND RAILWAY• RAIL PORTION LEASED TO MTRC EASTERN HARBOUR CROSSING ENTRANCE 84
  • EHCMTRC PAYS SEMI-ANNUAL INSTALMENTS FOR18½ YEARS TOTALLING HK$ 2.6 BOTHER CAPITAL INVESTMENTINCL. ROLLING STOCKS 0.365 B IMMERSED TUBE CASTING 85
  • EHCOPENED BY PRINCE OF WALESON 1 OCTOBER 1989 86
  • AFTER JOINT DECLARATION• UNCERTAINTY REMOVED• CONFIDENCE RETURNED LIPPO CENTRE 87
  • KAI TAK AIRPORT CHECKERBOARD IN SIGHT 88
  • KAI TAK AIRPORT STEADY AS SHE GOES 89
  • KAI TAK AIRPORT DO YOUR WINDOW SHOPPING BEFORE YOU LAND 90
  • KAI TAK AIRPORT SEE....I LAND IT ON THE ROOF 91
  • KAI TAK AIRPORT HARD RIGHT TURN AND DIVE 92
  • KAI TAK AIRPORT BUT LANDING ON THE RUNWAY...... IS NOT ALWAYS 93 EASY
  • KAI TAK AIRPORT SOMETIMES.... ENDED UP IN THE WATER 94
  • AIRPORT CORE PROJECTSRELOCATE AIRPORT FROM KAI TAK TO CHEK LAP KOK 95
  • AIRPORT CORE PROJECTS• APPROVED BY BEIJING & LONDON 96
  • AIRPORT CORE PROJECTS• OBJECTIVES: – TO STIMULATE ECONOMY – TO FACILITATE FUTURE GROWTH – TO ELIMINATE AVIATION HAZARD – TO BE COMPLETED IN TIME FOR HANDOVER 97
  • ACP• AIRPORT AT CHEK LAP KOK• TSING MA BRIDGE• LANTAU & AIRPORT RAILWAY 98
  • ACP• KAP SHUI MUN BRIDGE• TING KAU BRIDGE• HIGHWAYS• RECLAMATIONS• THIRD CROSS HARBOUR ROAD TUNNEL (WESTERN HARBOUR CROSSING) 99
  • ACP• HK$ 127 BILLION £ 10 BILLION 100
  • ACPCHINA‟S CONCERN:• ROSE GARDEN PROJECT• EMPTY TREASURY• HIGH DEBT 101
  • ACPAGREEMENT 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 102
  • ACP• ESSENTIAL TO HAVE CHINA‟S AGREEMENT AND SUPPORT TO ASSURE INVESTORS• WRANGLING OVER FINANCIAL DATA DELAYED PROJECT START 103
  • ACP AT TIME OF HANDOVER ON 30 JUNE/1 JULY 1997• CHINESE PRESIDENT ARRIVED BY PLANE AT THE NEW AIRPORT• LAST BRITISH GOVERNOR LEFT ON ROYAL YACHT BRITANNIA 104
  • ACPPROJECT COMPLETED IN 1998 105
  • HONG KONG INTERNATIONAL AIRPORT 106
  • TSING MA BRIDGE (ROAD + RAIL) 107
  • LANTAU & AIRPORT LINE 108
  • LALAIRPORT EXPRESS LINE(AEL)AIRPORT – HONG KONG23 MINUTES JOURNEYIN-TOWN-CHECK-IN 109
  • LALTUNG CHUNG LINE(ON SHARED TRACK WITH AEL)TUNG CHUNG - HONG KONGCOMMUTER LINEALSO PROVIDES RELIEFTO NATHAN ROAD CONGESTION 110
  • LALFINANCIAL 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) 111
  • LAL• EXTENSIVE APPLICATION OF VALUE ENGINEERING• INTRODUCE PARTNERING 112
  • TUNG CHUNG LINE NO MORE SLIDING SEATS 113
  • AIRPORT EXPRESS• SPACIOUS SEATING• PLEASANT AMBIENCE• BUSINESS CLASS COMFORT FROM PLANE, THROUGH TRAIN, TO HOTEL AEL TRAIN 114
  • LALTCLOPERATIONAL ON 22 JUNE 1998AELOPERATIONAL ON 6 JULY 1998 115
  • LAL HK$ BPROJECT COST 35.1(INCLUDING CAPITALISED INTEREST)FINANCED BY:EQUITY 23.7DEBT 11.4 116
  • TSEUNG KWAN O LINE 117
  • TKL• TSEUNG KWUN O LINE – COMMUTER LINE – FROM PO LAM TO NORTH POINT – OPERATIONAL ON 17 AUGUST 2002 118
  • TKLI st JULY – 1997ASIAN FINANCIAL CRISISMAJOR REVIEW OF THEPROJECT 119
  • TKLINITIAL CAPITAL COST ESTIMATE HK$ BINCL. CAPITALISED INTEREST 30.5FINAL COST 16.0 HANG HAU STATION 120
  • TKLNORTH POINT CAVERN 121
  • DISNEYLAND RESORT LINE 122
  • DISNEYLAND RESORT LINE 123
  • DRL• DISNEYLAND RESORT LINE – FROM SUNNY BAY TO DISNEYLAND – OPERATIONAL ON 12 SEPTEMBER 2005 124
  • ASIAWORLD-EXPO STATION 125
  • ASIAWORLD-EXPO STATION 126
  • ASIAWORLD-EXPO STATION AIR STATION – ASIAWORLD-EXPO OPERATIONAL ON 20 DECEMBER 2005 127
  • NGONG PING 360 128
  • NGONG PING 360 129
  • NGONG PING 360 130
  • NGONG PING 360 131
  • NGONG PING 360AIRPORT ISLAND STATION TUNG CHUNG TERMINAL 132
  • NGONG PING 360• MATERIAL DELIVERY – HELICOPTERS – MULES 133
  • NGONG PING 360SCHEDULED OPENING 24 JUNE 2006OPERATIONAL 18 SEPT 2006OFFICIAL OPENING 9 NOV 2006 134
  • NGONG PING 360OPERATION SUSPENDED 11 JUNE 2007OPERATION RESUMED 31 DEC 2007SUBSIDIARY COMPANY SET UP TOMANAGE & OPERATE THE SYSTEM 135
  • MTR CORPORATIONAN OUTSTANDINGLY SUCCESSFUL ENTERPRISE 136
  • MTRCSUCCESSES PROFILERATING PROJECT MANAGEMENT RAILWAY OPERATION FINANCIAL EXPERTISE TRAINING & DEVELOPMENT PROPERTY AUTOMATIC FARE COLLECTION 137
  • MTRC• INVEST HEAVILY IN STAFF TRAINING & DEVELOPMENT• CORE VALUES : CUSTOMER SERVICE RESPECT FOR THE INDIVIDUAL ON TIME AND WITHIN BUDGET 138
  • MTRC• PROVIDES PROFESSIONAL TRAINING SERVICES TO OTHER RAILWAYS IN: – MAINLAND CHINA – SOUTHEAST ASIA 139
  • PROPERTY DEVELOPMENT & MANAGEMENT• GOVERNMENT ALLOCATE LAND AT FULL MARKET VALUE ALONG THE RAILWAY FOR DEVELOPMENT 140
  • PROPERTY DEVELOPMENT & MANAGEMENT• MAJOR & REPUTABLE PROPERTY DEVELOPER AND MANAGER IN TOWN• JOINT VENTURES – RESIDENTIAL – RETAIL – OFFICES – HOTEL 141
  • PROPERTY DEVELOPMENT & MANAGEMENT• SUBSTANTIAL CONTRIBUTION TOWARDS COST OF RAILWAY• CAPTURED PASSENGERS (FORMING PART OF 2.4 M DAILY RIDERSHIP) 142
  • PROPERTY DEVELOPMENT & MANAGEMENT PROCEEDS FROM DEVELOPMENTS HELP TO:• KEEP FARES AT REASONABLE LEVEL• MAINTAIN & EXTEND RAIL NETWORK 143
  • PROPERTY DEVELOPMENT & MANAGEMENT 144
  • PROPERTY DEVELOPMENT & MANAGEMENT TELFORD GARDEN 145
  • PROPERTY DEVELOPMENT & MANAGEMENT PARK VIEW 146
  • PROPERTY DEVELOPMENT & MANAGEMENT CENTRAL STATION RETAIL 147
  • PROPERTY DEVELOPMENT & MANAGEMENT TELFORD PLAZA 148
  • PROPERTY DEVELOPMENT & MANAGEMENT MARITIME SQUARE 149
  • PROPERTY DEVELOPMENT & MANAGEMENT ELEMENTS 150
  • 2 INTERNATIONAL FINANCE CENTRE 2IFC 151
  • UNION SQUARE 152
  • INTERNATIONAL COMMERCE CENTRE • 118 FLOORS • 490 METRES HIGH • THIRD TALLEST BUILDING IN THE WORLD ICC 153
  • ICCICC 154
  • GATEWAY TOWERS 155
  • CHINA – BEIJING• PROPERTY OPEARATIONS & MANAGEMENT GINZA MALL 156
  • PROPERTY DEVELOPMENT & MANAGEMENTAS AT END 2010:Investment properties :• 12 shopping malls + 18 floors at 2 IFC• 277,942 sq.m in Hong KongManaged properties:• 81,962 residential units in Hong Kong• 744,214 sq.m commercial properties in Hong Kong• 776,402 sq.m in Mainland China 157
  • AUTOMATIC FARE COLLECTION• ELECTRO-MAGNETIC CARD• STORED VALUE CARD• CONTACTLESS SMART CARD 158
  • AUTOMATIC FARE COLLECTIONELECTRO-MAGNETIC CARD• PLASTIC• RE-USABLE• NO LITTER• ISSUED BY MACHINE / HAND• FIXED VALUE• ELECTRO-MAGNETIC• SINGLE JOURNEY 159
  • MIS• NO SMOKING• NO EATING• NO DRINKING• NO MUSIC/RADIO• NO TICKET FLICKING 160
  • AUTOMATIC FARE COLLECTIONSTORED 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 161
  • AUTOMATIC FARE COLLECTIONOCTOPUS 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 162
  • OCTOPUS CONTACTLESS SMART CARD• RELIABLE TICKETING• LABOUR SAVING• DATA FOR: OPERATIONAL PLANNIN INCLUDING PRICING 163
  • OCTOPUS CONTACTLESS SMART CARD• FORERUNNER OF:• EZ-LINK – SINGAPORE• OYSTER CARD – LONDON• EASYCARD - TAIPEI 164
  • OCTOPUS CONTACTLESS SMART CARDOTHER USES: PUBLIC TRANSPORTS CAR PARKS ACCESS CONTROL TO BUILDINGS CONFIRMATION OF STUDENTS‟ ATTENDANCE AT SCHOOL 165
  • OCTOPUS CONTACTLESS SMART CARDAT END OF JUNE 2011:• 24.3 MILLION CARDS ISSUED (18.7 MILLION ACTIVE)• 11.7 MILLION DAILY TRANSACTIONS• HK$ 112.7 MILLION PER DAY• ADOPTED BY OVER 3000 SERVICE PROVIDERS 166
  • MTR CORPORATION LTDLISTED ON THE HONG KONGEXCHANGEON 5 OCTOBER 2000 167
  • MTRCLEXPANSIONNEW VISION :• TO BE A WORLD CLASS ENTERPRISE• GROWING IN HONG KONG & BEYOND• FOCUSING ON RAIL, PROPERTY & RELATED BUSINESS 168
  • 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 169
  • MTRCL• NEW CORE VALUES :EXCELLENT SERVICEVALUE CREATIONMUTUAL RESPECTENTERPRISING SPIRIT 170
  • MERGER• HONG KONG GOVERNMENT ANNOUNCED MERGER PROPOSAL BETWEEN MTRCL & KCRC ON 11 APRIL 2006 171
  • 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 172
  • MERGERKCRC• OPERATES: – EAST RAIL – WEST RAIL – LIGHT RAIL – INTERCITY TO GUANGZHOU – FREIGHT TO INTERIOR OF MAINLAND CHINA 173
  • MERGERKCRC• PROPERTY DEVELOPMENT & MANAGEMENT 174
  • MERGER• HONG KONG GOVERNMENT ANNOUNCED MERGER PROPOSAL BETWEEN MTRCL & KCRC ON 11 APRIL 2006• MTRCL SIGNED MEMORANDUM OF UNDERSTANDING (MOU) WITH HK GOVERNMENT 175
  • MERGERMOU PROVIDES FOR:• REDUCED FARE• ABOLITION OF SECOND BOARDING CHARGE• FURTHER DISCOUNTS FOR MEDIUM & LONG DISTANCE JOURNEYS• INTRODUCTION OF AN OBJECTIVE, TRANSPARENT & PREDICTABLE FARE ADJUSTMENT MECHANISM (FAM)• FULLY INTEGRATED INTERCHANGE STATIONS FOR SHATIN TO CENTRAL LINK• IMPROVEMENT ON EXISTING INTERCHANGE ARRANGEMENTS IN THE SHORT TERM• PROVISION OF SEAMLESS INTERCHANGE ARRANGEMENTS WITH FUTURE EXTENSIONS 176
  • MERGERMOU PROVIDES FOR• JOB SECURITY FOR ALL FRONTLINE STAFF 177
  • MERGERDEAL TERMS• PROVIDE A BALANCED PACKAGE FAIR TO ALL STAKEHOLDERS 178
  • MERGERDEAL TERMS• ACQUISITION OF RENEWABLE OPERATIONAL RIGHT OF KCR FOR 50 YEARS – UPFRONT PAYMENT OF HK$4.25 BILLION FOR SERVICE CONCESSION AND TO PURCHASE CERTAIN RAIL ASSETS – HK$7.79 BILLION FOR A PROPERTY PACKAGE – FIXED ANNUAL PAYMENT OF HK$750 MILLION – VARIABLE ANNUAL PAYMENT BASED ON REVENUES GENERATED FROM KCR‟S RAIL AND RAIL-RELATED OPERATIONS• EXPECTED TO BE EPS & NPV ACCRETIVE FOR MTRCL 179
  • MERGERMEET THE GOVERNMENT‟S FIVE PARAMETERS1. ADOPTION OF A MORE OBJECTIVE AND TRANSPARENT FAM2. ABOLITION OF THE SECOND BOARDING CHARGE & REVIEW FARE STRUCTURE TO REDUCE FARES3. EARLY RESOLUTION OF INTERCHANGE ARRANGEMENTS FOR RAIL PROJECTS UNDER PLANNING, NOTABLY THE SHATIN TO CENTRAL LINK4. ENSURE JOB SECURITY FOR FRONTLINE STAFF5. PROVISION OF SEAMLESS INTERCHANGE ARRANGEMENTS IN THE LONG TERM 180
  • MERGERBENEFITS• SYNERGY• ECONOMIES OF SCALE• COST EFFICIENCY• INTEGRATED RAIL SYSTEM 181
  • MERGERTRANSITION - ONE YEAR OR MORESHARE PRICE JUMPED 5.3% (FROM HK$19 TO 20)RAIL MERGER BILL APPROVED BY LegCo on 8 JUNE 2007OUTLOOK - BRIGHT 182
  • MERGED• COMPLETED ON 2 DECEMBER 2007• 香港鐵路有限公司 ONE COMPANY ONE TEAM 183
  • MERGED 184
  • 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 185
  • MERGED• ONE COMPANY, ONE TEAM STAFF INTEGRATION 186
  • MTR CORPORATION LTD GROWTH MOMENTUM 187
  • DUBAI 188
  • DUBAIMETRO & AIRPORT LINES 189
  • DUBAICONSULTANCYTO REVIEW DESIGN PROPOSALS IN RESPECT OF :OPERATION &MAINTENANCE VIADUCT CONSTRUCTION 190
  • INDIADelhi Airport Metro Express Line (AMEL)• Major engineering & project management contract 191
  • UK BUSINESS BIDS 192
  • UK BUSINESS LORO (MTR/LAING )FRANCHISE TO OPERATENORTH & EAST LONDON OVERGROUND LINES FROM 11 NOVEMBE 2007 FOR 7 YEARS WITH OPTION FOR 2 FURTHER YEARS SUCCESS 193
  • UK BUSINESSLOROL (MTR/DEUTSCHE BAHN)ACTION ON DAY ONE• OYSTER TICKETING SYSTEM• NEW TICKETING MACHINES• STATIONS GATED 194
  • UK BUSINESS (MTR/DEUTSCHE BAHN)• IMPROVEMENT IN: 1. SERVICE OPERATION 2. PUNCTUALITY 3. SAFETY 4. SECURITY• TICKETLESS TRAVEL DOWN• REVENUE UP 195
  • UK BUSINESS (MTR/DEUTSCHE BAHN)PROGRAMME FOR:• CUSTOMER SERVICE TRAINING• STATION CLEANING AND REPAIR• STATION REFURBISHEMENT• STATION REMODELLING• NEW EXTENSIONS 196
  • UK BUSINESS (MTR/DEUTSCHE BAHN)• “….so gradually all suburban rail services in London can be brought up to the standard of London Overground.”Ken LivingstoneMayor of London 197
  • EUROPE BUSINESSSTOCKHOLM UNDERGROUNDTOOK OVER OPERATION 2 NOVEMBER 2009(FOR 8 YEARS MINIMUM) 198
  • AUSTRALIAN BUSINESSMETRO TRAINS MELBOURNETOOK OVER OPERATION ON 30 NOVEMBER 2009(FOR INITIAL PERIOD OF 8 YEARS) 199
  • CHINA BUSINESS 200
  • CHINA BUSINESSSHANGHAITOGETHER WITH ITS JOINT VENTURE PARTNER, APPOINTED AS: OWNER‟S REPRESENTATIVE TO PROJECT MANAGE DESIGN AND CONSTRUCTION OF LINE 9 OWNER‟S ADVISOR OF LINE 8 & LINE 11 201
  • CHINA BUSINESSBEIJING LINE 4 – INITIALLED IN FEBRUARY 2005 – COMPANY FORMED IN JANUARY 2006 – AGREEMENT SIGNED ON 12 APRIL 2006 202
  • CHINA BUSINESSBEIJING LINE 4– PPP– 30-YEAR CONCESSION AGREEMENT WITH BEIJING MUNICIPAL GOVERNMENT– FOR INVESTMENT, CONSTRUCTION & OPERATIONOPENED 28 SEPTEMBER 2009DAXING LINEOPENED 30 DECEMBER 2010 203
  • CHINA BUSINESSSHENZHEN LINE 4– 30-YEAR BOT PROJECT– CONCESSION AGREEMENT WITH SHENZHEN MUNICIPAL GOVERNMENT– „RAIL + PROPERTY‟– INITIALLED IN MAY 2005– PHASE 1 TAKEN OVER 01 JULY 2010– PHASE 2 OPENED 16 JUNE 2011 204
  • BUSINESS OUTSIDE HONG KONGCOMPANY SHAREBEIJING 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% 205
  • MTRCL• PROFITABLE HK$B 16 14.2 14 Turnover 12 10.7 10 Operating profit 8 8.6 before depreciation (after property 6 development profit) Net profit excluding 4 investment property revaluation 2 0 206
  • MTRCL 207
  • MTRCL 208
  • MTRCL CONSOLIDATED P & L A/C(YEAR ENDED 31 December 2010) HK$ M• REVENUE 29,500• PROFIT ON PROPERTY DEVELOPMENTS 4,034• OPERATING PROFIT BEFORE DEPRECIATION 10,917• NET PROFIT ATTRIBUTABLE TO SHAREHOLDERS 12,059 209
  • MTRCLAS AT END 2010:PATRONAGE ( million)Yearly 1,564Daily 4.5 210
  • 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 211
  • HONG KONG GOVERNMENT INFRASTRUCTURE INVESTMENT• Transport Infrastructure1. South Island MTR Line2. The Sha Tin to Central MTR Link3. The Tuen Mun Western Bypass and Tuen Mun-Chek Lap Kok Link• Cross-boundary Infrastructure Projects4. The Guangzhou-Shenzhen-HK Express Rail Link5. HK-Shenzhen Airport Co-operation6. HK-Zhuhai-Macao Bridge7. HK-Shenzhen Joint Development of the Lok Ma Chau Loop• New Urban Development Areas8. West Kowloon Cultural District9. Kai Tak Development Plan10. New Development Areas (NDAs) 212
  • RAILWAY EXTENSIONS 213
  • RAILWAY EXTENSIONS XRL 214
  • RAILWAY EXTENSIONS WIL 215
  • RAILWAY EXTENSIONS KTE 216
  • RAILWAY EXTENSIONS SCL 217
  • RAILWAY EXTENSIONS 218 SIL(E)
  • RAILWAY EXTENSIONSEXTENSION PROJECT FUNDINGXRL SERVICE CONCESSION (GOVERNMENT CAPITAL + MTRCL OPERATIONS)WIL CAPITAL GRANTKTE RAIL + PROPERTYSCL SERVICE CONCESSIONSIL(E) RAIL + PROPERTY 219
  • RAILWAY BUILDING & MANAGEMENTFEASIBILITYIDENTIFY TRANSPORT NEEDSFEASIBILITY STUDYROUTE PROTECTIONPROPOSAL TO GOVERNMENT 220
  • RAILWAY BUILDING & MANAGEMENTPRE-CONTRACT PREPARATION OF CONTRACT DOCUMENTS  DESIGN STANDARDS MANUAL  MATERIALS & WORKMANSHIP SPECIFICATION  CONDITIONS OF CONTRACT  BILLS OF QUANTITIES APPOINTMENT OF CONSULTANTS TENDERING CONTRACT AWARD 221
  • RAILWAY BUILDING & MANAGEMENTCONSTRUCTIONDESIGN MANAGEMENTCONSTRUCTION MANAGEMENTPROTECTION OF ADJACENT PROPERTIESTESTING & COMMISSIONINGAPPROVAL BY RAILWAY INSPECTORATEHANDOVER TO OPERATIONS 222
  • RAILWAY BUILDING & MANAGEMENTIN SERVICE IMPROVEMENTS:  NEW INTEGRATED ENTRANCES  ENTRANCE UPGRADE  RETROFITS - PLATFORM SCREEN DOORS  FACILITIES FOR THE PHYSICALLY IMPAIRED  KIOSKS CONDITION MONITORING MAINTENANCE RAILWAY PROTECTION 223
  • MTRCL A STORY OFOUTSTANDING SUCCESS 224
  • MTRCL HONG KONG PEOPLEENGINEERS MTR STAFF HAVE REASON TO BE PROUD 225
  • This presentation is dedicated to : All my friends Especially those of the MTR 226
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  • BBC NEWS19 APRIL 2006 228