Mtr a success story 12.11.2012 v5

2,158 views

Published on

ENTREPRISE

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

  • Be the first to like this

No Downloads
Views
Total views
2,158
On SlideShare
0
From Embeds
0
Number of Embeds
4
Actions
Shares
0
Downloads
19
Comments
0
Likes
0
Embeds 0
No embeds

No notes for slide

Mtr a success story 12.11.2012 v5

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

×