Mtr a success story (staff)

2,579 views

Published on

DEVELOPMENT OF THE HK MTR.

Published in: Business
0 Comments
1 Like
Statistics
Notes
  • Be the first to comment

No Downloads
Views
Total views
2,579
On SlideShare
0
From Embeds
0
Number of Embeds
2
Actions
Shares
0
Downloads
25
Comments
0
Likes
1
Embeds 0
No embeds

No notes for slide

Mtr a success story (staff)

  1. 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. 2. BIRTH & GROWTH OFHONG KONG MASS TRANSIT RAILWAYUP TO DATE 2
  3. 3. BEAUTIFUL HONG KONG 3
  4. 4. HONG KONG• LOCATED AT THE PEARL RIVER ESTUARY ON THE SOUTHERN COAST OF CHINA 4
  5. 5. VICTORIA HARBOUR 5
  6. 6. August 2003 77 HARBOUR FRONT 6
  7. 7. STAR FERRYAugust 2003 66 7
  8. 8. CHALLENGING BIRTH 8
  9. 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 9
  10. 10. CULTURAL REVOLUTION HONG KONG IN CRISIS 10
  11. 11. CULTURAL REVOLUTION HONG KONG IN CRISIS 危 机• Danger Opportunity 11
  12. 12. PLB PLBPUBLIC LIGHT BUS 12
  13. 13. PLB• AVAILABLE - FREQUENT SERVICE• CONVENIENT - PASSENGERS HOP ON AND OFF ANYWHERE ALONG ROUTE• PREMIUM FOR SERVICE• POPULAR WITH PASSENGERS 13
  14. 14. 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 14
  15. 15. MTRCTHE MASS TRANIST RAILWAYORDINANCE 15
  16. 16. MTRC• WHOLLY GOVERNMENT OWNED ENTERPRISE 16
  17. 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 17
  18. 18. MTRCHONG KONG GOVERNMENT PUTS ININITIAL EQUITY (HK$ 800 M)MTRC BORROWS REST IN OPEN MONEYMARKET 18
  19. 19. PREFERRED SYSTEM 19
  20. 20. INITIAL SYSTEMLETTER OF INTENT SIGNED WITH JAPANESE CONSORTIUM FOR THE INITIAL SYSTEM (20 km) AS A SINGLE DESIGN & BUILD CONTRACT 20
  21. 21. INITIAL SYSTEMOIL CRISISJAPANESE CONSORTIUM WITHDREW 21
  22. 22. MODIFIED INITIAL SYSTEMMIS(15.6 km)25 CIVIL & 10 E&MDESIGN AND BUILD PACKAGES 22
  23. 23. MISGOVERNMENT SET UP MASSTRANSIT ADVISER (MTA) TO:• CO-ORDINATE BETWEEN MTRC & GOVERNMENT DEPARTMENTS• FACILITATE TIMELY POLICY MAKING & ISSUE RESOLUTION 23
  24. 24. MISDIFFERENT LEVEL OF COMMITTEES & WORKING GROUPS:• GOVERNMENT / MTR LIAISON COMMITTEE• GOVERNMENT / MTR PUBLICITY COMMITTEE• METRO PUBLIC RELATIONS POLICY GROUP 24
  25. 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) 25
  26. 26. INSPECTORATE OF RAILWAY (UK)• APPOINTED BY GOVERNMENT AS ADVISER ON RAILWAY SAFETY• PROVIDES INPUT DURING DESIGN• INSPECTS RAILWAY SYSTEM• RECOMMENDS OPENING 26
  27. 27. MISIMPORTANCE OF PUBLIC RELATIONS• OBSERVATION WINDOWS ON HOARDINGS• GROWING FOR YOU 27
  28. 28. MISIMPORTANCE OF PUBLIC RELATIONS• CEREMONIES OF COMMENCEMENT & COMPLETION OF WORKS 28
  29. 29. MISIMPORTANCE OF PUBLIC RELATIONSPARTICIPANTS (STAKEHOLDERS) INCLUDE: CORPORATION REPRESENTATIVES CONTRACTORS CONSULTANTS GOVERNMENT OFFICIALS LEGISLATORS DISTRICT COUNCILLORS LOCAL DIGNITARIES 29
  30. 30. MISIMPORTANCE OF PUBLIC RELATIONS• TEAM BUILDING• PUBLICISING PROGRESS OF WORKS 30
  31. 31. MISWORK STARTED• NOVEMBER 1975 GROUNDBREAKING CEREMONY BY CHAIRMAN SIR NORMAN THOMPSON 31 AT KWUN TONG
  32. 32. MIS• FIRST CHAIRMAN – SIR NORMAN THOMPSON DIRECT ACCESS TO THE GOVERNOR SIMPLE & CLEAR MESSAGES• PROJECT MANAGER – HONG KONG & SHANGHAI BANK HQ BUILDING 32
  33. 33. MISFIRST M.D. – PROF TONY RIDLEYM.D. – LONDON UNDERGROUNDMAJOR IMPROVEMENT TO THE SYSTEMPROFESSOR – IMPERIAL COLLEGE LONDON 33
  34. 34. MIS• GENERAL PUBLIC – EXCITEMENT – EXPECTATION – DETERMINATION 34
  35. 35. MIS• GENERAL PUBLIC HIGH DEGREE OF TOLERENCE & CO-OPERATION 35
  36. 36. MISPROJECT MANAGEMENT APPROACH:• QUICK DECISION-MAKING• REGULAR MONITORING OF EFFECT OF CHANGES ON BUDGET & PROGRAMME• APPROPRIATE DELEGATION OF AUTHORITY• SHARE RISKS & BENEFITS WITH 36 CONTRACTORS
  37. 37. MIS• BASED ON PROVEN TECHNOLOGY• PROJECT MOTTO: IF IT IS ESSENTIAL, GET ON WITH IT. IF IT IS DESIRABLE, FORGET IT. 37
  38. 38. MIS GOVERNMENTCOMMUNITY MTRC UNITY IN PURPOSE 38
  39. 39. MISGROUND CONDITIONS ALLUVIAL DEPOSITS GRANITE (VARYING DEGREE OF DECOMPOSITION) HARD ROCK 39
  40. 40. MISSTATION WALL CONSTRUCTION 40
  41. 41. MISSTATION CONSTRUCTION 41
  42. 42. MISINSITU HORSESHOE TUNNEL 42
  43. 43. MISPRECAST CONCRETE TUNNEL LINING 43
  44. 44. MISSGI TUNNEL LINING 44
  45. 45. MISNGAU TAU KOK STATION & VIADUCT 45
  46. 46. MISKOWLOON BAY DEPOT 46
  47. 47. MISADMIRALTY STATION EXCAVATION 47
  48. 48. MISIMMERSED TUBE CASTING 48
  49. 49. MISIMT 49
  50. 50. MIS• FROM KWUN TONG TO CENTRAL KWUN TONG TO SHEK KIP MEI – OPERATIONAL ON 1 OCTOBER 1979 50
  51. 51. MIS• FROM KWUN TONG TO CENTRAL KWUN TONG TO TSIM SHA TSUI – OPERATIONAL ON 31 DECEMBER 1979 51
  52. 52. MIS• FROM KWUN TONG TO CENTRAL KWUN TONG TO CENTRAL – OPENED BY PRINCESS ALEXANDRA ON 12 FEBRUARY 1980 52
  53. 53. MIS• FROM KWUN TONG TO CENTRAL ON TIME AND WITHIN BUDGET 53
  54. 54. 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 54
  55. 55. MIS• NO SMOKING• NO EATING• NO DRINKING• NO MUSIC/RADIO 55
  56. 56. MIS• CLEAN• QUIET• EFFICIENT• RELIABLE DAVID BARRACLOUGH• AIR-CONDITIONED FORMER OPERATIONS DIRECTOR 56
  57. 57. MISSUCCESS 57
  58. 58. GROWTH 58
  59. 59. TSUEN WAN LINEBUILDING UP THECOMPANY ERIC BLACK SECOND MD 59
  60. 60. TSUEN WAN LINE 60
  61. 61. TWL• ENGINEER’S DESIGN• CONTRACTOR’S ALTERNATIVE PROPOSALS CONSIDERED & ADOPTED TSUEN WAN DEPOT & LUK YEUNG SUN CHUEN DEVELOPMENT 61
  62. 62. TWL• SET UP STRONG IN-HOUSE PROFESSIONAL PROJECT MANAGEMENT TEAM• HANDS-ON STYLE LAI KING TO KWAI FONG CROSS-OVER 62
  63. 63. 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 63
  64. 64. TWL• TSUEN WAN LINE – TSUEN WAN TO CENTRAL – OPERATIONAL 10 May 1982 (AHEAD OF PROGRAMME) 64
  65. 65. 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 65
  66. 66. ISL 66
  67. 67. ISL• ISLAND LINE – CHAI WAN TO ADMIRALTY 31 MAY 1985 – CHAI WAN TO SHEUNG WAN 23 MAY 1986 67
  68. 68. 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 68
  69. 69. MORE CHALLENGING TIME 69
  70. 70. 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 70 CONSTRUCTION
  71. 71. MTRARRIVAL & GROWTH OF MTRCOINCIDE WITH :TRANSFORMATION OF HONG KONGFROM REGIONAL CITYTO INTERNATIONAL FINANCIAL CENTRE 71
  72. 72. 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 72
  73. 73. HONG KONG LEASEBRITISH PRIME MINISTERVISITED BEIJINGOFFERED TO EXCHANGESOVEREIGNTY FORADMINSTRATION MARGARET THATCHER 73
  74. 74. HONG KONG LEASEOFFER REJECTED BY CHINA 74
  75. 75. HONG KONG LEASEBUT AGREED TO:• SET UP JOINT LIAISON COMMITTEE (JLC)• CONTINUE NEGOTIATION• MAINTAIN STABILITY & PROSPERITY OF HONG KONG 75
  76. 76. HONG KONG LEASE• NEGOTIATION NOT GOING WELL• UNCERTAINTY 76
  77. 77. HONG KONG LEASE• JITTERY & GLOOMY• INVESTMENTS PUT ON HOLD• STOCK MARKET CRASH• PROPERTY BUBBLE BURST 77
  78. 78. HONG KONG LEASEHONG KONG DOLLAR PLUNGESFROM AROUND HK$ 6 = US$ 1 TOOVER HK$ 9 = US$ 1 78
  79. 79. HONG KONG LEASEPEOPLE RUSH TO SUPERMARKETTO BUY :RICE 79
  80. 80. HONG KONG LEASEPEOPLE RUSH TO SUPERMARKETTO BUY :RICE &BABY’S POWDERED MILK 80
  81. 81. HONG KONG LEASE• CURRENCY PEG HK$ 7.8 = US$ 1 81
  82. 82. HONG KONG LEASE• CALM THE CITY• STOP PANIC 82
  83. 83. 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 83
  84. 84. 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 84
  85. 85. HONG KONG LEASE•ENSHRINED IN •LODGED WITH BASIC LAW UNITED NATIONS 85
  86. 86. HONG KONG LEASE• CURRENCY PEG HK$ 7.8 = US$ 1• REMAINS TO THIS DAY 86
  87. 87. MTRC• BORROWING IN US$• REVENUE IN HK$• ADVERSE IMPACT BY HIGH INTEREST RATE (12%) DEVALUATION 87
  88. 88. 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 88
  89. 89. MTRCSECURED CREDIT RATING FROM• MOODY• S&PROAD SHOW TO TAP INTERNATIONAL BOND MARKET• YANKEE BOND• SAMURAI BOND 89
  90. 90. MTRCIN NO POSITION TO FINANCE NEWEXTENSIONS ON ITS OWN EXECUTIVE COMMITTEE 90
  91. 91. EASTERN HARBOUR CROSSING 91
  92. 92. 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 92
  93. 93. EHCMTRC PAYS SEMI-ANNUAL INSTALMENTS FOR18½ YEARS TOTALLING HK$ 2.6 BOTHER CAPITAL INVESTMENTINCL. ROLLING STOCKS 0.365 B WILLIAM DONALD FORMER OPERATIONS DIRECTOR 93
  94. 94. EHCOPENED ON 1 OCTOBER 1989 PRINCE CHARLES SPEAKING TO Ir THOMAS LAI 94
  95. 95. AFTER JOINT DECLARATION• UNCERTAINTY REMOVED• CONFIDENCE RETURNED LIPPO CENTRE 95
  96. 96. NEW AIRPORT 96
  97. 97. KAI TAK AIRPORTCHECKERBOARD IN SIGHT 97
  98. 98. KAI TAK AIRPORTSTEADY AS SHE GOES 98
  99. 99. KAI TAK AIRPORTDO YOUR WINDOW SHOPPING BEFORE YOU LAND 99
  100. 100. KAI TAK AIRPORTSEE....I LAND IT ON THE ROOF 100
  101. 101. KAI TAK AIRPORTHARD RIGHT TURN AND DIVE 101
  102. 102. KAI TAK AIRPORT BUT LANDING ON THERUNWAY...... IS NOT ALWAYS 102 EASY
  103. 103. KAI TAK AIRPORTSOMETIMES.... ENDED UP IN THE WATER 103
  104. 104. AIRPORT CORE PROJECTSRELOCATE AIRPORT FROM KAI TAK TO CHEK LAP KOK 104
  105. 105. AIRPORT CORE PROJECTS• APPROVED BY BEIJING & LONDON 105
  106. 106. AIRPORT CORE PROJECTS• OBJECTIVES: – TO STIMULATE ECONOMY – TO FACILITATE FUTURE GROWTH – TO ELIMINATE AVIATION HAZARD – TO BE COMPLETED IN TIME FOR HANDOVER 106
  107. 107. ACP• AIRPORT AT CHEK LAP KOK• TSING MA BRIDGE• LANTAU & AIRPORT RAILWAY 107
  108. 108. ACP• KAP SHUI MUN BRIDGE• TING KAU BRIDGE• HIGHWAYS• RECLAMATIONS• THIRD CROSS HARBOUR ROAD TUNNEL (WESTERN HARBOUR CROSSING) 108
  109. 109. ACP• HK$ 127 BILLION £ 10 BILLION 109
  110. 110. ACPCHINA’S CONCERN:• ROSE GARDEN PROJECT• EMPTY TREASURY• HIGH DEBT 110
  111. 111. 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 111
  112. 112. ACPESSENTIAL TO HAVE CHINA’S AGREEMENT AND SUPPORT TO ASSURE INVESTORSWRANGLING OVER FINANCIAL DATADELAYED PROJECT START HAMISH MATHERS 112 FORMER CHAIRMAN
  113. 113. ACP JACK SO CHAK KWONGFORMER CHAIRMAN & CEO 113
  114. 114. ACP AT TIME OF HANDOVER ON 30 JUNE/1 JULY 1997CHINESE PRESIDENT ARRIVED LAST BRITISH GOVERNOR LEFTBY PLANEAT THE NEW AIRPORT ON ROYAL YACHT BRITANNIAJIANG JI MEN LORD PATTEN 114
  115. 115. ACPPROJECT COMPLETED IN 1998 Ir DOUGLUS OAKERVEE PROJECT DIRECTOR HKIA FORMER MTR PROJECT MANAGER 115
  116. 116. WORLD CLASSHONG KONG INTERNATIONAL AIRPORT 116
  117. 117. TSING MA BRIDGE (ROAD + RAIL) 117
  118. 118. LANTAU & AIRPORT LINE 118
  119. 119. LALAIRPORT EXPRESS LINE(AEL)AIRPORT – HONG KONG23 MINUTES JOURNEYIN-TOWN-CHECK-IN 119
  120. 120. LALTUNG CHUNG LINE(ON SHARED TRACK WITH AEL)TUNG CHUNG - HONG KONGCOMMUTER LINEALSO PROVIDES RELIEFTO NATHAN ROAD CONGESTION 120
  121. 121. 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) 121
  122. 122. ACPEXTENSIVE APPLICATION OFVALUE ENGINEERINGINTRODUCE PARTNERING RUSSELL BLACK FORMER PROJECTS DIRECTOR 122
  123. 123. TUNG CHUNG LINENO MORE SLIDING SEATS 123
  124. 124. AIRPORT EXPRESS• SPACIOUS SEATING• PLEASANT AMBIENCE• BUSINESS CLASS COMFORT FROM PLANE, THROUGH TRAIN, TO HOTEL AEL TRAIN 124
  125. 125. LALTCLOPERATIONAL ON 22 JUNE 1998AELOPERATIONAL ON 6 JULY 1998 125
  126. 126. LAL HK$ BPROJECT COST 35.1(INCLUDING CAPITALISED INTEREST)FINANCED BY:EQUITY 23.7DEBT 11.4 126
  127. 127. CONSOLIDATION 127
  128. 128. TSEUNG KWAN O LINE 128
  129. 129. TKL• TSEUNG KWUN O LINE – COMMUTER LINE – FROM PO LAM TO NORTH POINT – OPERATIONAL ON 17 AUGUST 2002 129
  130. 130. TKLI st JULY – 1997ASIAN FINANCIAL CRISISMAJOR REVIEW OF THEPROJECT 130
  131. 131. TKLINITIAL CAPITAL COST ESTIMATE HK$ BINCL. CAPITALISED INTEREST 30.5FINAL COST 16.0 HANG HAU STATION 131
  132. 132. TKLNORTH POINT CAVERN 132
  133. 133. DISNEYLAND RESORT LINE 133
  134. 134. DISNEYLAND RESORT LINE 134
  135. 135. DRL• DISNEYLAND RESORT LINE – FROM SUNNY BAY TO DISNEYLAND – FULLY AUTOMATIC OPERATION – OPERATIONAL ON 12 SEPTEMBER 2005 135
  136. 136. ASIAWORLD-EXPO STATION 136
  137. 137. ASIAWORLD-EXPO STATION 137
  138. 138. ASIAWORLD-EXPO STATIONAIR STATION –ASIAWORLD-EXPOOPERATIONAL ON20 DECEMBER 2005 138
  139. 139. NGONG PING 360 139
  140. 140. NGONG PING 360 140
  141. 141. NGONG PING 360 141
  142. 142. NGONG PING 360 142
  143. 143. NGONG PING 360AIRPORT ISLAND STATION TUNG CHUNG TERMINAL 143
  144. 144. NGONG PING 360• MATERIAL DELIVERY – HELICOPTERS – MULES 144
  145. 145. NGONG PING 360SCHEDULED OPENING 24 JUNE 2006OPERATIONAL 18 SEPT 2006OFFICIAL OPENING 9 NOV 2006 145
  146. 146. NGONG PING 360OPERATION SUSPENDED 11 JUNE 2007OPERATION RESUMED 31 DEC 2007SUBSIDIARY COMPANY SET UP TOMANAGE & OPERATE THE SYSTEM 146
  147. 147. SUCCESS PROFILERATING 147
  148. 148. MTRC PROJECT MANAGEMENT RAILWAY OPERATION FINANCIAL EXPERTISE TRAINING & DEVELOPMENT PROPERTY AUTOMATIC FARE COLLECTION 148
  149. 149. MTRC• INVEST HEAVILY IN STAFF TRAINING & DEVELOPMENT• CORE VALUES : CUSTOMER SERVICE RESPECT FOR THE INDIVIDUAL ON TIME AND WITHIN BUDGET 149
  150. 150. MTRCPROVIDES PROFESSIONALTRAINING SERVICES TOOTHER RAILWAYS IN:– MAINLAND CHINA PHIILP GAFFNEY (3R/B) FORMER OPERATIONS DIRECTOR– SOUTHEAST ASIA LEN TURK (1L/F) FORMER LEGAL DIRECTOR & COMPANY SECRETARY PATRICK MAULE (2L/F) FORMER PERSONNEL DIRECTOR 150
  151. 151. PROPERTY DEVELOPMENT & MANAGEMENTMAJOR GOVERNMENT POLICY ISSUES TRANSPORT HOUSING 151
  152. 152. PROPERTY DEVELOPMENT & MANAGEMENT• GOVERNMENT ALLOCATE LAND AT FULL MARKET VALUE ALONG THE RAILWAY FOR DEVELOPMENT 152
  153. 153. PROPERTY DEVELOPMENT & MANAGEMENT• MAJOR & REPUTABLE PROPERTY DEVELOPER AND MANAGER IN TOWN• JOINT VENTURES – RESIDENTIAL – RETAIL – OFFICES – HOTEL 153
  154. 154. PROPERTY DEVELOPMENT & MANAGEMENT• SUBSTANTIAL CONTRIBUTION TOWARDS COST OF RAILWAY• CAPTURED PASSENGERS (FORMING PART OF 2.4 M DAILY RIDERSHIP ) VICTOR SO HING WOH THOMAS HO HANG KWONG FORMER PROPERTY DIRECTORS 154
  155. 155. PROPERTY DEVELOPMENT & MANAGEMENT PROCEEDS FROM DEVELOPMENTS HELP TO:• KEEP FARES AT REASONABLE LEVEL• MAINTAIN & EXTEND RAIL NETWORK 155
  156. 156. PROPERTY DEVELOPMENT & MANAGEMENT 156
  157. 157. PROPERTY DEVELOPMENT & MANAGEMENT TELFORD GARDEN 157
  158. 158. PROPERTY DEVELOPMENT & MANAGEMENT PARK VIEW 158
  159. 159. PROPERTY DEVELOPMENT & MANAGEMENT CENTRAL STATION RETAIL 159
  160. 160. PROPERTY DEVELOPMENT & MANAGEMENT TELFORD PLAZA 160
  161. 161. PROPERTY DEVELOPMENT & MANAGEMENT MARITIME SQUARE 161
  162. 162. PROPERTY DEVELOPMENT & MANAGEMENT ELEMENTS 162
  163. 163. 2 INTERNATIONAL FINANCE CENTRE 2IFC 163
  164. 164. UNION SQUARE 164
  165. 165. INTERNATIONAL COMMERCE CENTRE• 118 FLOORS• 490 METRES HIGH• THIRD TALLEST BUILDING IN THE WORLD ICC 165
  166. 166. ICCICC 166
  167. 167. GATEWAY TOWERS 167
  168. 168. CHINA – BEIJING• PROPERTY OPEARATIONS & MANAGEMENT GINZA MALL 168
  169. 169. 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 169• 744,214 sq.m commercial properties in Hong Kong
  170. 170. AUTOMATIC FARE COLLECTION• ELECTRO-MAGNETIC CARD• STORED VALUE CARD• CONTACTLESS SMART CARD ROB NOBLE FORMER MARKETING & PLANNINGDIRECTOR 170
  171. 171. AUTOMATIC FARE COLLECTIONELECTRO-MAGNETIC CARD• PLASTIC• RE-USABLE• NO LITTER• ISSUED BY MACHINE / HAND• FIXED VALUE• ELECTRO-MAGNETIC• SINGLE JOURNEY 171
  172. 172. MIS• NO SMOKING• NO EATING• NO DRINKING• NO MUSIC/RADIO• NO TICKET FLICKING 172
  173. 173. 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 173
  174. 174. 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 174
  175. 175. OCTOPUS CONTACTLESS SMART CARD• RELIABLE TICKETING• LABOUR SAVING• DATA FOR: OPERATIONAL PLANNIN INCLUDING PRICING 175
  176. 176. OCTOPUS CONTACTLESS SMART CARD• FORERUNNER OF:• EZ-LINK – SINGAPORE• OYSTER CARD – LONDON• EASYCARD - TAIPEI 176
  177. 177. OCTOPUS CONTACTLESS SMART CARDOTHER USES: PUBLIC TRANSPORTS CAR PARKS ACCESS CONTROL TO BUILDINGS CONFIRMATION OF STUDENTS’ ATTENDANCE AT SCHOOL 177
  178. 178. 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 178
  179. 179. MTR CORPORATIONAN OUTSTANDINGLY SUCCESSFUL ENTERPRISE 179
  180. 180. MTR CORPORATION LTDLISTED ON THE HONG KONGEXCHANGEON 5 OCTOBER 2000 180
  181. 181. MERGER WITH KCRC 181
  182. 182. MERGER• HONG KONG GOVERNMENT ANNOUNCED MERGER PROPOSAL BETWEEN MTRCL & KCRC ON 11 APRIL 2006 182
  183. 183. 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 183
  184. 184. MERGERKCRC• OPERATES: – EAST RAIL – WEST RAIL – LIGHT RAIL – INTERCITY TO GUANGZHOU – FREIGHT TO INTERIOR OF MAINLAND CHINA 184
  185. 185. MERGERKCRC• PROPERTY DEVELOPMENT & MANAGEMENT 185
  186. 186. 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 186
  187. 187. 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 187
  188. 188. MERGERMOU PROVIDES FOR• JOB SECURITY FOR ALL FRONTLINE STAFF 188
  189. 189. MERGERDEAL TERMS• PROVIDE A BALANCED PACKAGE FAIR TO ALL STAKEHOLDERS 189
  190. 190. 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 190
  191. 191. 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 191
  192. 192. MERGERBENEFITS• SYNERGY• ECONOMIES OF SCALE• COST EFFICIENCY• INTEGRATED RAIL SYSTEM 192
  193. 193. 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 193
  194. 194. MERGED• COMPLETED ON 2 DECEMBER 2007• 香港鐵路有限公司 ONE COMPANY ONE TEAM 194
  195. 195. MERGED 195
  196. 196. 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 196
  197. 197. MERGEDONE COMPANY ONE TEAM STAFF INTEGRATION W ILLIAM CHAN FORMER HUMAN RESOURCES DIRECTOR 197
  198. 198. MTR CORPORATION LTDGROWTH MOMENTUM 198
  199. 199. MTRCLEXPANSIONNEW VISION :• TO BE A WORLD CLASS ENTERPRISE• GROWING IN HONG KONG & BEYOND• FOCUSING ON RAIL, PROPERTY & RELATED BUSINESS 199
  200. 200. 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 200
  201. 201. MTRCL• NEW CORE VALUES :EXCELLENT SERVICEVALUE CREATIONMUTUAL RESPECTENTERPRISING SPIRIT 201
  202. 202. 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 202
  203. 203. MACAO BUSINESSMACAO GOVERNMENTMOU SIGNED FOR LIGHT RAIL PROJECT CONSULTANCY 203
  204. 204. DUBAI 204
  205. 205. DUBAIMETRO & AIRPORT LINES 205
  206. 206. DUBAICONSULTANCYTO REVIEW DESIGN PROPOSALS IN RESPECT OF :OPERATION &MAINTENANCE VIADUCT CONSTRUCTION 206
  207. 207. DUBAICONSULTANCYMOU SIGNEDTO ASSIST TO DEVELOP A MASS URBAN TRANSPORT SYSTEM, PROVIDING HIGH QUALITY TRANSPORT SERVICES 207
  208. 208. INDIADelhi Airport Metro Express Line (AMEL)• Major engineering & project management contract 208
  209. 209. UK BUSINESS BIDS 209
  210. 210. 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 210
  211. 211. UK BUSINESSLOROL MTR/DEUTSCHE BAHN (CONTROLLED BY ARRIVA UK TRAINS)ACTION ON DAY ONE• OYSTER TICKETING SYSTEM• NEW TICKETING MACHINES• STATIONS GATED 211
  212. 212. UK BUSINESS• IMPROVEMENT IN: 1. SERVICE OPERATION 2. PUNCTUALITY 3. SAFETY 4. SECURITY• TICKETLESS TRAVEL DOWN• REVENUE UP 212
  213. 213. UK BUSINESSPROGRAMME FOR:• CUSTOMER SERVICE TRAINING• STATION CLEANING AND REPAIR• STATION REFURBISHEMENT• STATION REMODELLING• NEW EXTENSIONS 213
  214. 214. UK BUSINESS• “….so gradually all suburban rail services in London can be brought up to the standard of London Overground.”Ken LivingstoneMayor of London 214
  215. 215. UK BUSINESS9TH LONDON TRANSPORT AWARDS LONDON TRANSPORT OPERATOR OF THE YEAR (SECOND YEAR IN A ROW)2012 METRORAIL AWARDS LONDON WORLD’S MOST IMPROVED METRO 215
  216. 216. UK BUSINESSSHORT-LISTED TO BID FOR: ESSEX THAMESIDE FRANCHISE (LONDON FENCHURCH STREET – TILBURY- SOUTHEND) SEPTEMBER 2012 THAMESLINK FRANCHISE (BEDFORD – GATWICK - BRIGHTON) FEBRUARY 2013 216
  217. 217. EUROPE BUSINESSSTOCKHOLM UNDERGROUNDTOOK OVER OPERATION 2 NOVEMBER 2009(FOR 8 YEARS MINIMUM) 217
  218. 218. AUSTRALIA BUSINESSMETRO TRAINS MELBOURNETOOK OVER OPERATION ON 30 NOVEMBER 2009(FOR INITIAL PERIOD OF 8 YEARS) 218
  219. 219. AUSTRALIA BUSINESSUNITED GROUP LTD.SUBCONTRACT TO SUPPORT ITS ROLLING STOCKMAINTENANCE WORKS IN NEW SOUTH WALES 219
  220. 220. CHINA BUSINESS 220
  221. 221. 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 11 221
  222. 222. CHINA BUSINESSBEIJING LINE 4 – INITIALLED IN FEBRUARY 2005 – COMPANY FORMED IN JANUARY 2006 – AGREEMENT SIGNED ON 12 APRIL 2006 222
  223. 223. CHINA BUSINESSBEIJING LINE 4– PPP– 30-YEAR CONCESSION AGREEMENT WITH BEIJING MUNICIPAL GOVERNMENT– FOR INVESTMENT, CONSTRUCTION & OPERATIONOPENED 28 SEPTEMBER 2009DAXING LINEOPENED 30 DECEMBER 2010 223
  224. 224. 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 224
  225. 225. 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 225
  226. 226. 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% 226
  227. 227. CURRENT EXTENSION PROJECTS 227
  228. 228. 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 228
  229. 229. HONG KONG GOVERNMENTINFRASTRUCTURE INVESTMENT 229
  230. 230. 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) 230
  231. 231. RAILWAY EXTENSIONS 231
  232. 232. RAILWAY EXTENSIONS XRL 232
  233. 233. RAILWAY EXTENSIONS WIL 233
  234. 234. RAILWAY EXTENSIONS KTE 234
  235. 235. RAILWAY EXTENSIONS JAY WALDER CEO TC CHIEW PROJECTS DIRECTOR 235SCL
  236. 236. RAILWAY EXTENSIONS FULLY AUTOMATIC OPERATION 236 SIL(E)
  237. 237. RAILWAY EXTENSIONSEXTENSION PROJECT FUNDINGXRL SERVICE CONCESSION (GOVERNMENT CAPITAL + MTRCL OPERATIONS)WIL CAPITAL GRANTKTE RAIL + PROPERTYSCL SERVICE CONCESSIONSIL(E) RAIL + PROPERTY 237
  238. 238. RAILWAY EXTENSIONSRAILWAY DEVELOPMENT STRATEGY 2000 238 (UPDATE)
  239. 239. RAILWAY BUILDING 239
  240. 240. RAILWAY BUILDINGFEASIBILITY IDENTIFY TRANSPORT NEEDS FEASIBILITY STUDY PROPOSAL TO GOVERNMENT ROUTE PROTECTION 240
  241. 241. 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 241
  242. 242. RAILWAY BUILDINGCONSTRUCTION DESIGN MANAGEMENT CONSTRUCTION MANAGEMENT PROTECTION OF ADJACENT PROPERTIES TESTING & COMMISSIONING APPROVAL BY RAILWAY INSPECTORATE HANDOVER TO OPERATIONS 242
  243. 243. SYSTME IMPROVEMENT & PROTECTION 243
  244. 244. 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 244
  245. 245. IN SERVICEINTEGRATED ENTRANCE 245
  246. 246. IN SERVICEOLD ENTRANCENEW ENTRANCE 246
  247. 247. IN SERVICE KIOSKS 247
  248. 248. IN SERVICETOILETS & LIFTS 248
  249. 249. IN SERVICECHAIRLIFT & TACTILE ROUTES 249
  250. 250. IN SERVICE PSD 250
  251. 251. IN SERVICE SIGNALLINGSOURCE - BOMBARDIER
  252. 252. IN SERVICERAILWAY PROTECTION 252
  253. 253. MTRCL A STORY OFOUTSTANDING SUCCESS 253
  254. 254. MTRCL• PROFITABLE 254
  255. 255. MTRCL 255
  256. 256. MTRCL 256
  257. 257. 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 14,716 257
  258. 258. MTRCLAS AT END 2011:PATRONAGE ( million)Yearly 1,644Daily 4.7 258
  259. 259. MTRCL HONG KONG PEOPLEENGINEERS MTR STAFF HAVE REASON TO BE PROUD 259
  260. 260. IN THE EYES of the BBC19 APRIL 2006 260
  261. 261. RECAP 261
  262. 262. STORY OF THE HKMTR 262
  263. 263. STORY OF THE HKMTRSTORY OF HONG KONG IN THEFINAL DECADES OF LAST CENTURY 263
  264. 264. STORY OF THE HKMTRSTORY OF HONG KONG IN THEFINAL DECADES OF LAST CENTURYSTORY OF 23 YEARS OF MY LIFE 264
  265. 265. This presentation is dedicated to : All my friends Especially those of the MTR 265
  266. 266. 266

×