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Mtr a success story 12.11.2012 v5

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  • 1. HONG KONG MASS TRANSIT RAILWAY A SUCCESS STORY PRESENTED BY Ir Thomas S K LAI CEng, MICE, MIStructE, MHKIE Chairman HKIE UK CHAPTER 175th ANNIVERSARY OF THE HONG KONG POLYTECHNIC UNIVERSITY ©
  • 2. MEMORIES OFOLD TECHNICAL COLLEGE BUILDINGS 2
  • 3. HONG KONG TECHNICAL COLLEGE THE RED BRICK BUILDING IN WANCHAI 灣仔 紅磚屋 3
  • 4. HONG KONG TECHNICAL COLLEGE 1957 NEW PREMISES IN HUNGHOM 4
  • 5. HONG KONG TECHNICAL COLLEGE 1959 KESWICK HALL 5
  • 6. HKPolyU ALUMNI DR DANIEL WATERS FELIX CHAN FORMER HEAD HKTC OLD HKTC BUILDINGSBUILDING DEPARTMENT PROJECT SUPERVISOR 6
  • 7. HKPolyU ALUMNI THOMAS LAIPRESENTING HKTC BUILDING DEPARTMENT OLD BOYS ASSOCIATION SCHOLARSHIP 7
  • 8. BIRTH & GROWTH OFHONG KONG MASS TRANSIT RAILWAYUP TO DATE 8
  • 9. BEAUTIFUL HONG KONG 9
  • 10. HONG KONG• LOCATED AT THE PEARL RIVER ESTUARY ON THE SOUTHERN COAST OF CHINA 10
  • 11. VICTORIA HARBOUR 11
  • 12. August 2003 77 HARBOUR FRONT 12
  • 13. STAR FERRYAugust 2003 66 13
  • 14. CHALLENGING BIRTH 14
  • 15. 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 15
  • 16. CULTURAL REVOLUTION HONG KONG IN CRISIS 16
  • 17. CULTURAL REVOLUTION HONG KONG IN CRISIS 危 机• Danger Opportunity 17
  • 18. PLB PLBPUBLIC LIGHT BUS 18
  • 19. PLB• AVAILABLE - FREQUENT SERVICE• CONVENIENT - PASSENGERS HOP ON AND OFF ANYWHERE ALONG ROUTE• PREMIUM FOR SERVICE• POPULAR WITH PASSENGERS 19
  • 20. 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 20
  • 21. MTRCTHE MASS TRANIST RAILWAYORDINANCE 21
  • 22. MTRC• WHOLLY GOVERNMENT OWNED ENTERPRISE 22
  • 23. 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 23
  • 24. MTRCHONG KONG GOVERNMENT PUTS ININITIAL EQUITY (HK$ 800 M)MTRC BORROWS REST IN OPEN MONEYMARKET 24
  • 25. PREFERRED SYSTEM 25
  • 26. INITIAL SYSTEMLETTER OF INTENT SIGNED WITH JAPANESE CONSORTIUM FOR THE INITIAL SYSTEM (20 km) AS A SINGLE DESIGN & BUILD CONTRACT 26
  • 27. INITIAL SYSTEMOIL CRISISCONSORTIUM WITHDREW 27
  • 28. MODIFIED INITIAL SYSTEMMIS(15.6 km)25 CIVIL & 10 E&MDESIGN AND BUILD CONTRACTS 28
  • 29. MISGOVERNMENT SET UP MASSTRANSIT ADVISER (MTA) TO:• CO-ORDINATE BETWEEN MTRC & GOVERNMENT DEPARTMENTS• FACILITATE TIMELY POLICY MAKING & ISSUE RESOLUTION 29
  • 30. MISDIFFERENT LEVEL OF COMMITTEES & WORKING GROUPS:• GOVERNMENT / MTR LIAISON COMMITTEE• GOVERNMENT / MTR PUBLICITY COMMITTEE• METRO PUBLIC RELATIONS POLICY GROUP 30
  • 31. 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) 31
  • 32. INSPECTORATE OF RAILWAY (UK)• APPOINTED BY GOVERNMENT AS ADVISER ON RAILWAY SAFETY• PROVIDES INPUT DURING DESIGN• INSPECTS RAILWAY SYSTEM• RECOMMENDS OPENING 32
  • 33. MISIMPORTANCE OF PUBLIC RELATIONS• OBSERVATION WINDOWS ON HOARDINGS• GROWING FOR YOU 33
  • 34. MISIMPORTANCE OF PUBLIC RELATIONS• CEREMONIES OF COMMENCEMENT & COMPLETION OF WORKS 34
  • 35. MISIMPORTANCE OF PUBLIC RELATIONSPARTICIPANTS (STAKEHOLDERS) INCLUDE: CORPORATION REPRESENTATIVES CONTRACTORS CONSULTANTS GOVERNMENT OFFICIALS LEGISLATORS DISTRICT COUNCILLORS LOCAL DIGNITARIES 35
  • 36. MISIMPORTANCE OF PUBLIC RELATIONS• TEAM BUILDING• PUBLICISING PROGRESS OF WORKS 36
  • 37. MISWORK STARTED• NOVEMBER 1975 GROUNDBREAKING CEREMONY BY CHAIRMAN SIR NORMAN THOMPSON 37 AT KWUN TONG
  • 38. MIS• FIRST CHAIRMAN – SIR NORMAN THOMPSON DIRECT ACCESS TO THE GOVERNOR SIMPLE & CLEAR MESSAGES• PROJECT MANAGER – HONG KONG & SHANGHAI BANK HQ BUILDING 38
  • 39. MISFIRST M.D. – PROF TONY RIDLEYM.D. – LONDON UNDERGROUNDMAJOR IMPROVEMENT TO THE SYSTEMPROFESSOR – IMPERIAL COLLEGE LONDON 39
  • 40. MIS• GENERAL PUBLIC – EXCITEMENT – EXPECTATION – DETERMINATION 40
  • 41. MIS• GENERAL PUBLIC HIGH DEGREE OF TOLERENCE & CO-OPERATION 41
  • 42. MISPROJECT MANAGEMENT APPROACH:• QUICK DECISION-MAKING• REGULAR MONITORING OF EFFECT OF CHANGES ON BUDGET & PROGRAMME• APPROPRIATE DELEGATION OF AUTHORITY• SHARE RISKS & BENEFITS WITH 42 CONTRACTORS
  • 43. MIS• BASED ON PROVEN TECHNOLOGY• PROJECT MOTTO: IF IT IS ESSENTIAL, GET ON WITH IT. IF IT IS DESIRABLE, FORGET IT. 43
  • 44. MIS GOVERNMENTCOMMUNITY MTRC UNITY IN PURPOSE 44
  • 45. MISGROUND CONDITIONS ALLUVIAL DEPOSITS GRANITE (VARYING DEGREE OF DECOMPOSITION) HARD ROCK 45
  • 46. MISSTATION WALL CONSTRUCTION 46
  • 47. MISSTATION CONSTRUCTION 47
  • 48. MISINSITU HORSESHOE TUNNEL 48
  • 49. MISPRECAST CONCRETE TUNNEL LINING 49
  • 50. MISSGI TUNNEL LINING 50
  • 51. MISNGAU TAU KOK STATION & VIADUCT 51
  • 52. MISKOWLOON BAY DEPOT 52
  • 53. MISADMIRALTY STATION EXCAVATION 53
  • 54. MISIMMERSED TUBE CASTING 54
  • 55. MISIMT 55
  • 56. MIS• FROM KWUN TONG TO CENTRAL KWUN TONG TO SHEK KIP MEI – OPERATIONAL ON 1 OCTOBER 1979 56
  • 57. MIS• FROM KWUN TONG TO CENTRAL KWUN TONG TO TSIM SHA TSUI – OPERATIONAL ON 31 DECEMBER 1979 57
  • 58. MIS• FROM KWUN TONG TO CENTRAL KWUN TONG TO CENTRAL – OPENED BY PRINCESS ALEXANDRA ON 12 FEBRUARY 1980 58
  • 59. MIS• FROM KWUN TONG TO CENTRAL ON TIME AND WITHIN BUDGET 59
  • 60. 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 60
  • 61. MIS• NO SMOKING• NO EATING• NO DRINKING• NO MUSIC/RADIO 61
  • 62. MIS• CLEAN• QUIET• EFFICIENT• RELIABLE DAVID BARRACLOUGH• AIR-CONDITIONED FORMER OPERATIONS DIRECTOR 62
  • 63. MISSUCCESS 63
  • 64. GROWTH 64
  • 65. TSUEN WAN LINEBUILDING UP THECOMPANY ERIC BLACK SECOND MD 65
  • 66. TSUEN WAN LINE 66
  • 67. TWL• ENGINEER’S DESIGN• CONTRACTOR’S ALTERNATIVE PROPOSALS CONSIDERED & ADOPTED TSUEN WAN DEPOT & LUK YEUNG SUN CHUEN DEVELOPMENT 67
  • 68. TWL• SET UP STRONG IN-HOUSE PROFESSIONAL PROJECT MANAGEMENT TEAM• HANDS-ON STYLE LAI KING TO KWAI FONG CROSS-OVER 68
  • 69. 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 69
  • 70. TWL• TSUEN WAN LINE – TSUEN WAN TO CENTRAL – OPERATIONAL 10 May 1982 (AHEAD OF PROGRAMME) 70
  • 71. 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 71
  • 72. ISL 72
  • 73. ISL• ISLAND LINE – CHAI WAN TO ADMIRALTY 31 MAY 1985 – CHAI WAN TO SHEUNG WAN 23 MAY 1986 73
  • 74. ISLESTIMATED TOTAL COSTS HK$ BAT 1986 PRICES 10.9(EXCL. INTEREST AND FINANCECOSTS)FINAL COST 10.0INCL. INTEREST & 11.9FINANCE COSTS WILLIAM GREIG FORMER PROJECTS DIRECTOR 74
  • 75. MORE CHALLENGING TIME 75
  • 76. 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 76 CONSTRUCTION
  • 77. MTRARRIVAL & GROWTH OF MTRCOINCIDE WITH :TRANSFORMATION OF HONG KONGFROM REGIONAL CITYTO INTERNATIONAL FINANCIAL CENTRE 77
  • 78. 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 78
  • 79. HONG KONG LEASE• BRITISH PRIME MINISTER VISITED BEIJING• OFFER TO EXCHANGE SOVEREIGNTY FOR ADMINSTRATION• OFFER REJECTED BY CHINA 79
  • 80. HONG KONG LEASEBUT AGREED TO:• SET UP JOINT LIAISON COMMITTEE (JLC)• CONTINUE NEGOTIATION• MAINTAIN STABILITY & PROSPERITY OF HONG KONG 80
  • 81. HONG KONG LEASE• NEGOTIATION NOT GOING WELL• UNCERTAINTY 81
  • 82. HONG KONG LEASE• JITTERY & GLOOMY• INVESTMENTS PUT ON HOLD• STOCK MARKET CRASH• PROPERTY BUBBLE BURST 82
  • 83. HONG KONG LEASEHONG KONG DOLLAR PLUNGESFROM AROUND HK$ 6 = US$ 1 TOOVER HK$ 9 = US$ 1 83
  • 84. HONG KONG LEASEPEOPLE RUSH TO SUPERMARKETTO BUY :RICE 84
  • 85. HONG KONG LEASEPEOPLE RUSH TO SUPERMARKETTO BUY :RICE &BABY’S POWDERED MILK 85
  • 86. HONG KONG LEASE• CURRENCY PEG HK$ 7.8 = US$ 1 86
  • 87. HONG KONG LEASE• CALM THE CITY• STOP PANIC 87
  • 88. 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 88
  • 89. 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 89
  • 90. HONG KONG LEASE•ENSHRINED IN •LODGED WITH BASIC LAW UNITED NATIONS 90
  • 91. HONG KONG LEASE• CURRENCY PEG HK$ 7.8 = US$ 1• REMAINS TO THIS DAY 91
  • 92. MTRC• BORROWING IN US$• REVENUE IN HK$• ADVERSE IMPACT BY HIGH INTEREST RATE (12%) DEVALUATION 92
  • 93. MTRC • HONG KONG GOVERNMENT TO INCREASE EQUITY (HK$ 2.5 B ISSUED, 2.5 B ON CALL ) • SHIFT BORROWING TO BE HK$ DENOMINATED ROGER MOSSFORMER FINANCE DIRECTOR 93
  • 94. MTRCSECURED CREDIT RATING FROM• MOODY• S&PROAD SHOW TO TAP INTERNATIONAL BOND MARKET• YANKEE BOND• SAMURAI BOND 94
  • 95. MTRC• IN NO POSITION TO FINANCE NEW EXTENSIONS ON ITS OWN 95
  • 96. EASTERN HARBOUR CROSSING 96
  • 97. 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 EASTERN HARBOUR CROSSING ENTRANCE 97
  • 98. EHCMTRC PAYS SEMI-ANNUAL INSTALMENTS FOR18½ YEARS TOTALLING HK$ 2.6 BOTHER CAPITAL INVESTMENTINCL. ROLLING STOCKS 0.365 B WILLIAM DONALD FORMER PROJECTS & OPERATIONS DIRECTOR 98
  • 99. EHCOPENED ON 1 OCTOBER 1989 PRINCE CHARLES SPEAKING TO THOMAS LAI 99
  • 100. AFTER JOINT DECLARATION• UNCERTAINTY REMOVED• CONFIDENCE RETURNED LIPPO CENTRE 100
  • 101. KAI TAK AIRPORTCHECKERBOARD IN SIGHT 101
  • 102. KAI TAK AIRPORTSTEADY AS SHE GOES 102
  • 103. KAI TAK AIRPORTDO YOUR WINDOW SHOPPING BEFORE YOU LAND 103
  • 104. KAI TAK AIRPORTSEE....I LAND IT ON THE ROOF 104
  • 105. KAI TAK AIRPORTHARD RIGHT TURN AND DIVE 105
  • 106. KAI TAK AIRPORT BUT LANDING ON THERUNWAY...... IS NOT ALWAYS 106 EASY
  • 107. KAI TAK AIRPORTSOMETIMES.... ENDED UP IN THE WATER 107
  • 108. AIRPORT CORE PROJECTSRELOCATE AIRPORT FROM KAI TAK TO CHEK LAP KOK 108
  • 109. AIRPORT CORE PROJECTS• APPROVED BY BEIJING & LONDON 109
  • 110. AIRPORT CORE PROJECTS• OBJECTIVES: – TO STIMULATE ECONOMY – TO FACILITATE FUTURE GROWTH – TO ELIMINATE AVIATION HAZARD – TO BE COMPLETED IN TIME FOR HANDOVER 110
  • 111. ACP• AIRPORT AT CHEK LAP KOK• TSING MA BRIDGE• LANTAU & AIRPORT RAILWAY 111
  • 112. ACP• KAP SHUI MUN BRIDGE• TING KAU BRIDGE• HIGHWAYS• RECLAMATIONS• THIRD CROSS HARBOUR ROAD TUNNEL (WESTERN HARBOUR CROSSING) 112
  • 113. ACP• HK$ 127 BILLION £ 10 BILLION 113
  • 114. ACPCHINA’S CONCERN:• ROSE GARDEN PROJECT• EMPTY TREASURY• HIGH DEBT 114
  • 115. 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 115
  • 116. ACPESSENTIAL TO HAVE CHINA’S AGREEMENT AND SUPPORT TO ASSURE INVESTORSWRANGLING OVER FINANCIAL DATADELAYED PROJECT START HAMISH MATHERS 116 FORMER CHAIRMAN
  • 117. ACP JACK SOFORMER CHAIRMAN & CEO 117
  • 118. 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 118
  • 119. ACPPROJECT COMPLETED IN 1998 119
  • 120. HONG KONG INTERNATIONAL AIRPORT 120
  • 121. TSING MA BRIDGE (ROAD + RAIL) 121
  • 122. LANTAU & AIRPORT LINE 122
  • 123. LALAIRPORT EXPRESS LINE(AEL)AIRPORT – HONG KONG23 MINUTES JOURNEYIN-TOWN-CHECK-IN 123
  • 124. LALTUNG CHUNG LINE(ON SHARED TRACK WITH AEL)TUNG CHUNG - HONG KONGCOMMUTER LINEALSO PROVIDES RELIEFTO NATHAN ROAD CONGESTION 124
  • 125. 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) 125
  • 126. ACPEXTENSIVE APPLICATION OFVALUE ENGINEERINGINTRODUCE PARTNERING RUSSELL BLACK FORMER PROJECTS DIRECTOR 126
  • 127. TUNG CHUNG LINENO MORE SLIDING SEATS 127
  • 128. AIRPORT EXPRESS• SPACIOUS SEATING• PLEASANT AMBIENCE• BUSINESS CLASS COMFORT FROM PLANE, THROUGH TRAIN, TO HOTEL AEL TRAIN 128
  • 129. LALTCLOPERATIONAL ON 22 JUNE 1998AELOPERATIONAL ON 6 JULY 1998 129
  • 130. LAL HK$ BPROJECT COST 35.1(INCLUDING CAPITALISED INTEREST)FINANCED BY:EQUITY 23.7DEBT 11.4 130
  • 131. CONSOLIDATION 131
  • 132. TSEUNG KWAN O LINE 132
  • 133. TKL• TSEUNG KWUN O LINE – COMMUTER LINE – FROM PO LAM TO NORTH POINT – OPERATIONAL ON 17 AUGUST 2002 133
  • 134. TKLI st JULY – 1997ASIAN FINANCIAL CRISISMAJOR REVIEW OF THEPROJECT 134
  • 135. TKLINITIAL CAPITAL COST ESTIMATE HK$ BINCL. CAPITALISED INTEREST 30.5FINAL COST 16.0 HANG HAU STATION 135
  • 136. TKLNORTH POINT CAVERN 136
  • 137. DISNEYLAND RESORT LINE 137
  • 138. DISNEYLAND RESORT LINE 138
  • 139. DRL• DISNEYLAND RESORT LINE – FROM SUNNY BAY TO DISNEYLAND – FULLY AUTOMATIC OPERATION – OPERATIONAL ON 12 SEPTEMBER 2005 139
  • 140. ASIAWORLD-EXPO STATION 140
  • 141. ASIAWORLD-EXPO STATION 141
  • 142. ASIAWORLD-EXPO STATIONAIR STATION –ASIAWORLD-EXPOOPERATIONAL ON20 DECEMBER 2005 142
  • 143. NGONG PING 360 143
  • 144. NGONG PING 360 144
  • 145. NGONG PING 360 145
  • 146. NGONG PING 360 146
  • 147. NGONG PING 360AIRPORT ISLAND STATION TUNG CHUNG TERMINAL 147
  • 148. NGONG PING 360• MATERIAL DELIVERY – HELICOPTERS – MULES 148
  • 149. NGONG PING 360SCHEDULED OPENING 24 JUNE 2006OPERATIONAL 18 SEPT 2006OFFICIAL OPENING 9 NOV 2006 149
  • 150. NGONG PING 360OPERATION SUSPENDED 11 JUNE 2007OPERATION RESUMED 31 DEC 2007SUBSIDIARY COMPANY SET UP TOMANAGE & OPERATE THE SYSTEM 150
  • 151. SUCCESS PROFILERATING 151
  • 152. MTRC PROJECT MANAGEMENT RAILWAY OPERATION FINANCIAL EXPERTISE TRAINING & DEVELOPMENT PROPERTY AUTOMATIC FARE COLLECTION 152
  • 153. MTRC• INVEST HEAVILY IN STAFF TRAINING & DEVELOPMENT• CORE VALUES : CUSTOMER SERVICE RESPECT FOR THE INDIVIDUAL ON TIME AND WITHIN BUDGET 153
  • 154. MTRCPROVIDES PROFESSIONALTRAINING SERVICES TOOTHER RAILWAYS IN:– MAINLAND CHINA LEN TURK FORMER LEGAL DIRECTOR &– SOUTHEAST ASIA COMPANY SECRETARY PATRICK MAULE FORMER PERSONNEL DIRECTOR PHIILP GAFFNEY FORMER OPERATIONS DIRECTOR 154
  • 155. PROPERTY DEVELOPMENT & MANAGEMENTMAJOR GOVERNMENT POLICY ISSUES TRANSPORT HOUSING 155
  • 156. PROPERTY DEVELOPMENT & MANAGEMENT• GOVERNMENT ALLOCATE LAND AT FULL MARKET VALUE ALONG THE RAILWAY FOR DEVELOPMENT 156
  • 157. PROPERTY DEVELOPMENT & MANAGEMENT• MAJOR & REPUTABLE PROPERTY DEVELOPER AND MANAGER IN TOWN• JOINT VENTURES – RESIDENTIAL – RETAIL – OFFICES – HOTEL 157
  • 158. PROPERTY DEVELOPMENT & MANAGEMENT• SUBSTANTIAL CONTRIBUTION TOWARDS COST OF RAILWAY• CAPTURED PASSENGERS (FORMING PART OF 2.4 M DAILY RIDERSHIP) 158
  • 159. PROPERTY DEVELOPMENT & MANAGEMENT PROCEEDS FROM DEVELOPMENTS HELP TO:• KEEP FARES AT REASONABLE LEVEL• MAINTAIN & EXTEND RAIL NETWORK 159
  • 160. PROPERTY DEVELOPMENT & MANAGEMENT 160
  • 161. PROPERTY DEVELOPMENT & MANAGEMENT TELFORD GARDEN 161
  • 162. PROPERTY DEVELOPMENT & MANAGEMENT PARK VIEW 162
  • 163. PROPERTY DEVELOPMENT & MANAGEMENT CENTRAL STATION RETAIL 163
  • 164. PROPERTY DEVELOPMENT & MANAGEMENT TELFORD PLAZA 164
  • 165. PROPERTY DEVELOPMENT & MANAGEMENT MARITIME SQUARE 165
  • 166. PROPERTY DEVELOPMENT & MANAGEMENT ELEMENTS 166
  • 167. 2 INTERNATIONAL FINANCE CENTRE 2IFC 167
  • 168. UNION SQUARE 168
  • 169. INTERNATIONAL COMMERCE CENTRE• 118 FLOORS• 490 METRES HIGH• THIRD TALLEST BUILDING IN THE WORLD ICC 169
  • 170. ICCICC 170
  • 171. GATEWAY TOWERS 171
  • 172. CHINA – BEIJING• PROPERTY OPEARATIONS & MANAGEMENT GINZA MALL 172
  • 173. PROPERTY DEVELOPMENT & MANAGEMENTAS AT END 2011:Investment propertiesHong Kong: 12 shopping malls + 18 floors at 2 IFC Shops 226,622 sq.m ) Offices 41,000 sq.m ) 279,424 sq.m Other use 11,202 sq.m )Mainland China: Ginza Mall Shops 18,398 sq.mManaged properties:• 86,162 residential units in Hong Kong 173• 744,214 sq.m commercial properties in Hong Kong
  • 174. AUTOMATIC FARE COLLECTION• ELECTRO-MAGNETIC CARD• STORED VALUE CARD• CONTACTLESS SMART CARD 174
  • 175. AUTOMATIC FARE COLLECTIONELECTRO-MAGNETIC CARD• PLASTIC• RE-USABLE• NO LITTER• ISSUED BY MACHINE / HAND• FIXED VALUE• ELECTRO-MAGNETIC• SINGLE JOURNEY 175
  • 176. MIS• NO SMOKING• NO EATING• NO DRINKING• NO MUSIC/RADIO• NO TICKET FLICKING 176
  • 177. 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 177
  • 178. AFCOCTOPUS 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 178
  • 179. OCTOPUS CONTACTLESS SMART CARD• RELIABLE TICKETING• LABOUR SAVING• DATA FOR: OPERATIONAL PLANNIN INCLUDING PRICING 179
  • 180. OCTOPUS CONTACTLESS SMART CARD• FORERUNNER OF:• EZ-LINK – SINGAPORE• OYSTER CARD – LONDON• EASYCARD - TAIPEI 180
  • 181. OCTOPUS CONTACTLESS SMART CARDOTHER USES: PUBLIC TRANSPORTS CAR PARKS ACCESS CONTROL TO BUILDINGS CONFIRMATION OF STUDENTS’ ATTENDANCE AT SCHOOL 181
  • 182. OCTOPUS CONTACTLESS SMART CARDAS AT END OF JUNE 2012• 12.1 MILLION DAILY TRANSACTIONS• HK$ 123.9 MILLION PER DAY• ADOPTED BY OVER 5000 SERVICE PROVIDERS 182
  • 183. MTR CORPORATIONAN OUTSTANDINGLY SUCCESSFUL ENTERPRISE 183
  • 184. MTR CORPORATION LTDLISTED ON THE HONG KONGEXCHANGEON 5 OCTOBER 2000 184
  • 185. MERGER WITH KCRC 185
  • 186. MERGER• HONG KONG GOVERNMENT ANNOUNCED MERGER PROPOSAL BETWEEN MTRCL & KCRC ON 11 APRIL 2006 186
  • 187. 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 187
  • 188. MERGERKCRC• OPERATES: – EAST RAIL – WEST RAIL – LIGHT RAIL – INTERCITY TO GUANGZHOU – FREIGHT TO INTERIOR OF MAINLAND CHINA 188
  • 189. MERGERKCRC• PROPERTY DEVELOPMENT & MANAGEMENT 189
  • 190. 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 CHIEN FORMER CHAIRMAN KCRC CHAIRMAN MTRCL 190
  • 191. 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 191
  • 192. MERGERMOU PROVIDES FOR• JOB SECURITY FOR ALL FRONTLINE STAFF 192
  • 193. MERGERDEAL TERMS• PROVIDE A BALANCED PACKAGE FAIR TO ALL STAKEHOLDERS 193
  • 194. 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 194
  • 195. 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 195
  • 196. MERGERBENEFITS• SYNERGY• ECONOMIES OF SCALE• COST EFFICIENCY• INTEGRATED RAIL SYSTEM 196
  • 197. 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 197
  • 198. MERGED• COMPLETED ON 2 DECEMBER 2007• 香港鐵路有限公司 ONE COMPANY ONE TEAM 198
  • 199. MERGED 199
  • 200. 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 200
  • 201. MERGEDONE COMPANY ONE TEAM STAFF INTEGRATION WiILLIAM CHAN FORMER HUMAN RESOURCE DIRECTOR 201
  • 202. MTR CORPORATION LTDGROWTH MOMENTUM 202
  • 203. MTRCLEXPANSIONNEW VISION :• TO BE A WORLD CLASS ENTERPRISE• GROWING IN HONG KONG & BEYOND• FOCUSING ON RAIL, PROPERTY & RELATED BUSINESS 203
  • 204. 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 204
  • 205. MTRCL• NEW CORE VALUES :EXCELLENT SERVICEVALUE CREATIONMUTUAL RESPECTENTERPRISING SPIRIT 205
  • 206. HONG KONG BUSINESSHONG KONG INTERNATIONAL AIRPORTSUBCONTRACT FOR AUTOMATED PEOPLE MOVER MIDFIELD CONCOURSE EXTENSION PROJECT RESPONSIBLE FOR DESIGN, PROCUREMENT, INSTALLATION, TESTING & COMMISSIONING OF SEVERAL RAILWAY SYSTEMS 206
  • 207. MACAO BUSINESSMACAO GOVERNMENTMOU SIGNED FOR LIGHT RAIL PROJECT CONSULTANCY 207
  • 208. DUBAI 208
  • 209. DUBAIMETRO & AIRPORT LINES 209
  • 210. DUBAICONSULTANCYTO REVIEW DESIGN PROPOSALS IN RESPECT OF :OPERATION &MAINTENANCE VIADUCT CONSTRUCTION 210
  • 211. DUBAICONSULTANCYMOU SIGNEDTO ASSIST TO DEVELOP A MASS URBAN TRANSPORT SYSTEM, PROVIDING HIGH QUALITY TRANSPORT SERVICES 211
  • 212. INDIADelhi Airport Metro Express Line (AMEL)• Major engineering & project management contract 212
  • 213. UK BUSINESS BIDS 213
  • 214. 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 214
  • 215. UK BUSINESSLOROL (MTR/DEUTSCHE BAHN)ACTION ON DAY ONE• OYSTER TICKETING SYSTEM• NEW TICKETING MACHINES• STATIONS GATED 215
  • 216. UK BUSINESS (MTR/DEUTSCHE BAHN)• IMPROVEMENT IN: 1. SERVICE OPERATION 2. PUNCTUALITY 3. SAFETY 4. SECURITY• TICKETLESS TRAVEL DOWN• REVENUE UP 216
  • 217. UK BUSINESS (MTR/DEUTSCHE BAHN)PROGRAMME FOR:• CUSTOMER SERVICE TRAINING• STATION CLEANING AND REPAIR• STATION REFURBISHEMENT• STATION REMODELLING• NEW EXTENSIONS 217
  • 218. 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 218
  • 219. UK BUSINESS (MTR/DEUTSCHE BAHN)9TH LONDON TRANSPORT AWARDS LONDON TRANSPORT OPERATOR OF THE YEAR (SECOND YEAR IN A ROW)2012 METRORAIL AWARDS LONDON WORLD’S MOST IMPROVED METRO 219
  • 220. UK BUSINESSSHORT-LISTED TO BID FOR: ESSEX THAMESIDE FRANCHISE (LONDON FENCHURCH STREET – TILBURY- SOUTHEND) SEPTEMBER 2012 THAMESLINK FRANCHISE (BEDFORD – GATWICK - BRIGHTON) FEBRUARY 2013 220
  • 221. EUROPE BUSINESSSTOCKHOLM UNDERGROUNDTOOK OVER OPERATION 2 NOVEMBER 2009(FOR 8 YEARS MINIMUM) 221
  • 222. AUSTRALIA BUSINESSMETRO TRAINS MELBOURNETOOK OVER OPERATION ON 30 NOVEMBER 2009(FOR INITIAL PERIOD OF 8 YEARS) 222
  • 223. AUSTRALIA BUSINESSUNITED GROUP LTD.SUBCONTRACT TO SUPPORT ITS ROLLING STOCKMAINTENANCE WORKS IN NEW SOUTH WALES 223
  • 224. CHINA BUSINESS 224
  • 225. 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 11 225
  • 226. CHINA BUSINESSBEIJING LINE 4 – INITIALLED IN FEBRUARY 2005 – COMPANY FORMED IN JANUARY 2006 – AGREEMENT SIGNED ON 12 APRIL 2006 226
  • 227. CHINA BUSINESSBEIJING LINE 4– PPP– 30-YEAR CONCESSION AGREEMENT WITH BEIJING MUNICIPAL GOVERNMENT– FOR INVESTMENT, CONSTRUCTION & OPERATIONOPENED 28 SEPTEMBER 2009DAXING LINEOPENED 30 DECEMBER 2010 227
  • 228. 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 228
  • 229. CHINA BUSINESSHANGZHOU LINE 1– J.V. AGREEMENT WITH SUBSIDARY OF HANGZHOU METRO GROUP (PPP)– INVEST & OPERATE LINE 1 FOR 25 YEARS– RESPONBLE FOR E&M SYSYTEMS & ROLLING STOCK– SINGED IN JULY 2012 229
  • 230. 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% 230
  • 231. CURRENT EXTENSION PROJECTS 231
  • 232. 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 232
  • 233. HONG KONG GOVERNMENTINFRASTRUCTURE INVESTMENT 233
  • 234. 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) 234
  • 235. RAILWAY EXTENSIONS 235
  • 236. RAILWAY EXTENSIONS XRL 236
  • 237. RAILWAY EXTENSIONS WIL 237
  • 238. RAILWAY EXTENSIONS KTE 238
  • 239. RAILWAY EXTENSIONS JAY WALDER CEO TC CHIEW PROJECTS DIRECTOR 239SCL
  • 240. RAILWAY EXTENSIONS FULLY AUTOMATIC OPERATION 240 SIL(E)
  • 241. RAILWAY EXTENSIONSEXTENSION PROJECT FUNDINGXRL SERVICE CONCESSION (GOVERNMENT CAPITAL + MTRCL OPERATIONS)WIL CAPITAL GRANTKTE RAIL + PROPERTYSCL SERVICE CONCESSIONSIL(E) RAIL + PROPERTY 241
  • 242. RAILWAY EXTENSIONSRAILWAY DEVELOPMENT STRATEGY 2000 242 (UPDATE)
  • 243. RAILWAY BUILDING 243
  • 244. RAILWAY BUILDINGFEASIBILITY IDENTIFY TRANSPORT NEEDS FEASIBILITY STUDY ROUTE PROTECTION PROPOSAL TO GOVERNMENT 244
  • 245. RAILWAY BUILDINGPRE-CONTRACT PREPARATION OF CONTRACT DOCUMENTS  DESIGN STANDARDS MANUAL  MATERIALS & WORKMANSHIP SPECIFICATION  CONDITIONS OF CONTRACT  BILLS OF QUANTITIES APPOINTMENT OF CONSULTANTS TENDERING CONTRACT AWARD 245
  • 246. RAILWAY BUILDINGCONSTRUCTION DESIGN MANAGEMENT CONSTRUCTION MANAGEMENT PROTECTION OF ADJACENT PROPERTIES TESTING & COMMISSIONING APPROVAL BY RAILWAY INSPECTORATE HANDOVER TO OPERATIONS 246
  • 247. SYSTME IMPROVEMENT & PROTECTION 247
  • 248. RAILWAY BUILDING & MANAGEMENTIN SERVICE IMPROVEMENTS:  NEW INTEGRATED ENTRANCES  ENTRANCE UPGRADE  KIOSKS  TOILETS & LIFTS  FACILITIES FOR THE PHYSICALLY IMPAIRED  RETROFITS - PLATFORM SIDE DOORS  NEW SINGNALLING SYSTEM CONDITION MONITORING ASSET MAINTENANCE & REPLACEMENT RAILWAY PROTECTION 248
  • 249. IN SERVICEINTEGRATED ENTRANCE 249
  • 250. IN SERVICEOLD ENTRANCENEW ENTRANCE 250
  • 251. IN SERVICE KIOSKS 251
  • 252. IN SERVICETOILETS & LIFTS 252
  • 253. IN SERVICECHAIRLIFT & TACTILE ROUTES 253
  • 254. IN SERVICE PSD 254
  • 255. IN SERVICE SIGNALLINGSOURCE - BOMBARDIER
  • 256. IN SERVICERAILWAY PROTECTION 256
  • 257. HKMTR &HKPolyU 257
  • 258. HKPU & XRL 258
  • 259. HKPU & MTR 259
  • 260. HKPU & MTR 260
  • 261. HKPU & MTRJOINT MASTER DEGREE COURSE RAILWAY ENGINEERING 261
  • 262. HKPU ALUMNIVICTOR CHAN HIN FU PROF LEE KANNE KUENWILLIAM MILLERTANG KA FATSAMSON MAKLO CHAK YUEN & MANY OTHERS 262
  • 263. HKPU ALUMNIVICTOR SO HING WOH 263FORMER PROPERTIES
  • 264. HKPU ALUMNI THOMAS H K HOFORMER PROPERTY DIRECTOR 264
  • 265. HKPU ALUMNI DAVID CHUEN CHOY LEUNGCHIEF OF OPERATIONS ENGINEERING 265
  • 266. HKPU ALUMNI MIRANDA LEUNG CHAN CHE MINGGENERAL MANAGER – CORPORATE RELATIONS 266
  • 267. MTRCL A STORY OFOUTSTANDING SUCCESS 267
  • 268. MTRCL• PROFITABLE 268
  • 269. MTRCL 269
  • 270. MTRCL 270
  • 271. MTRCL CONSOLIDATED P & L A/C(YEAR ENDED 31 December 2011) HK$ M• REVENUE 33,423• PROFIT ON PROPERTY DEVELOPMENTS 4,900• OPERATING PROFIT BEFORE DEPRECIATION 17,038• NET PROFIT ATTRIBUTABLE TO SHAREHOLDERS 14,716 271
  • 272. MTRCLAS AT END 2011:PATRONAGE ( million)Yearly 1,644Daily 4.7 272
  • 273. MTRCL HONG KONG PEOPLEENGINEERS MTR STAFF HAVE REASON TO BE PROUD 273
  • 274. IN THE EYES of the BBC19 APRIL 2006 274
  • 275. RECAP 275
  • 276. STORY OF THE HKMTR 276
  • 277. STORY OF THE HKMTRSTORY OF HONG KONG IN THEFINAL DECADES OF LAST CENTURY 277
  • 278. STORY OF THE HKMTRSTORY OF HONG KONG IN THEFINAL DECADES OF LAST CENTURYSTORY OF 23 YEARS OF MY LIFE 278
  • 279. This presentation is dedicated to : All my friends Especially those of the MTR 279
  • 280. 280