10. 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
14. 13
PLB
• AVAILABLE - FREQUENT SERVICE
• CONVENIENT - PASSENGERS HOP ON
AND OFF ANYWHERE ALONG ROUTE
• PREMIUM FOR SERVICE
• POPULAR WITH PASSENGERS
15. 14
HONG KONG GOVERNMENT
•VIABILITY OF UNDERGROUND RAILWAY SYSTEM
•CONFIRMED BY CONSULTANT’S FEASIBILITY
STUDY
(FREEMAN FOX & PARTNERS + WILBUR SMITH)
•1975 - MASS TRANSIT PROVISIONAL AUTHORITY
•1976 - MASS TRANSIT RAILWAY CORPORATION
MTRC
COLIN COULSON
FORMER SR. PARTNER
FFP
18. 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
24. 23
MIS
GOVERNMENT SET UP MASS
TRANSIT ADVISER (MTA) TO:
• CO-ORDINATE BETWEEN MTRC &
GOVERNMENT DEPARTMENTS
• FACILITATE TIMELY POLICY MAKING
& ISSUE RESOLUTION
25. 24
MIS
DIFFERENT LEVEL OF COMMITTEES & WORKING
GROUPS:
• GOVERNMENT / MTR LIAISON COMMITTEE
• GOVERNMENT / MTR PUBLICITY COMMITTEE
• METRO PUBLIC RELATIONS POLICY GROUP
26. 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)
27. 26
INSPECTORATE OF RAILWAY
(UK)
• APPOINTED BY GOVERNMENT AS
ADVISER ON RAILWAY SAFETY
• PROVIDES INPUT DURING DESIGN
• INSPECTS RAILWAY SYSTEM
• RECOMMENDS OPENING
28. MIS
SET UP IN-HOUSE PROJECT MANAGEMENT TEAM
27
RE-UNION OF SOME MEMBERS OF PROJECT MANAGEMENT TEAM
29. MIS
APPOINT CONSULTANTS
• FREEMAN FOX & PARTNERS – LEAD
• CHARLES HASWELL & PARTNERS (FE) - TUNNEL
• KAMPAX - PER HALL - IMMERSED TUBE
• KENNEDY & DONKIN INTERNATIONAL – E&M
• DESIGN & RESEARCH UNIT - ARCHITECTURAL
28
30. IMPORTANCE OF PUBLIC RELATIONS
• OBSERVATION WINDOWS ON HOARDINGS
• GROWING FOR YOU
29
MIS
31. IMPORTANCE OF PUBLIC RELATIONS
• CEREMONIES OF COMMENCEMENT
& COMPLETION OF WORKS
30
MIS
32. IMPORTANCE OF PUBLIC RELATIONS
PARTICIPANTS (STAKEHOLDERS) INCLUDE:
CORPORATION REPRESENTATIVES
CONTRACTORS
CONSULTANTS
GOVERNMENT OFFICIALS
LEGISLATORS
DISTRICT COUNCILLORS
LOCAL DIGNITARIES
31
MIS
33. IMPORTANCE OF PUBLIC RELATIONS
• PUBLICISING PROGRESS OF WORKS
• TEAM BUILDING
MIRANDA LEUNG
FORMER PUBLIC RELATIONS MANAGER 32
MIS
35. 34
MIS
• FIRST CHAIRMAN – SIR NORMAN THOMPSON
DIRECT ACCESS TO THE GOVERNOR
SIMPLE & CLEAR MESSAGES
• PROJECT MANAGER – HONG KONG &
SHANGHAI BANK HQ BUILDING
36. 35
MIS
FIRST M.D. – PROF TONY RIDLEY
M.D. – LONDON UNDERGROUND
MAJOR IMPROVEMENT TO THE SYSTEM
CO-M.D. - EUROTUNNEL
PROFESSOR – IMPERIAL COLLEGE LONDON
ICE PRESIDENT
65. • ENGINEER’S DESIGN
• CONTRACTOR’S ALTERNATIVE
PROPOSALS CONSIDERED &
ADOPTED
TSUEN WAN DEPOT
&
LUK YEUNG SUN CHUEN DEVELOPMENT
64
TWL
66. LAI KING TO KWAI FONG
CROSS-OVER
65
TWL
• SET UP STRONG IN-HOUSE
PROFESSIONAL PROJECT
MANAGEMENT TEAM
• HANDS-ON STYLE
67. 66
TWL
• PROJECT TEAM RESPONSIBLE FOR:
FEASIBLITY STUDY
PROPOSAL TO GOVERNMENT
SPECIFICATION
APPOINTMENT OF CONSULTANTS
TENDERING
CONTRACT AWARD
DESIGN MANAGEMENT
CONSTRUCTION MANAGEMENT
TESTING & COMMISSIONING
HANDOVER TO OPERATIONS
68. 67
TWL
• TSUEN WAN LINE
– TSUEN WAN
TO CENTRAL
– OPERATIONAL
10 May 1982
(AHEAD OF PROGRAMME)
69. 68
TWL
ESTIMATED COST IN 1978 HK$ B
(INCL. ESCALATION TO 1982) 4.1
CONTRACT COSTS 3.7
CORPORATION COST
CONSULATANTS’ FEES
LAND ACQUISITION
COMPENSATION 0.7
FINAL CONSTRUCTION COST 3.9
INCL. INTEREST AND FINANCE COSTS 5.3
71. 70
ISL
• ISLAND LINE
– CHAI WAN TO
ADMIRALTY
31 MAY 1985
– CHAI WAN TO
SHEUNG WAN
23 MAY 1986
72. ESTIMATED TOTAL COSTS HK$ B
AT 1986 PRICES 10.9
(EXCL. INTEREST AND FINANCE
COSTS)
FINAL COST 10.0
INCL. INTEREST & 11.9
FINANCE COSTS
WILLIAM GREIG
FORMER PROJECTS DIRECTOR
71
ISL
74. 73
ISL
• CHAIRMAN & CEO :
SIR WILFRID NEWTON
STRENGTHENED CORPORATION’S FINANCE
LAID SOUND FOUNDATION FOR FUTURE
GROWTH
RE-ORGANISED HONG KONG STOCK
EXCHANGE AFTER MARKET COLLAPSE
BOARD MEMBER OF HONG KONG &
SHANGHAI BANKING CORPORATION (HSBC)
HON. FELLOW - HKIE
CHAIRMAN – LONDON TRANSPORT
OVERSAW JUBILEE LINE EXTENSION
CONSTRUCTION
75. 74
MTR
ARRIVAL & GROWTH OF MTR
COINCIDE WITH :
TRANSFORMATION OF HONG KONG
FROM REGIONAL CITY
TO INTERNATIONAL FINANCIAL CENTRE
76. 75
HONG KONG LEASE
• 99-YEAR LEASE EXPIRES ON 1 JULY 1997
• GOVERNMENT DEPENDS ON SALE OF
LAND LEASES FOR REVENUE
• NEEDS TO KNOW ITS FUTURE
• NEGOTIATION BETWEEN LONDON &
BEIJING
77. HONG KONG LEASE
BRITISH PRIME MINISTER
VISITED BEIJING
OFFERED TO EXCHANGE
SOVEREIGNTY FOR
ADMINSTRATION
76
MARGARET THATCHER
88. 87
August 2003 85
HONG KONG LEASE
• IN 1984 BRITAIN & CHINA SIGNED
JOINT DECLARATION ON FUTURE OF
HONG KONG
• CHINA TO REGAIN FULL SOVEREIGNTY
ON 1 JULY 1997
89. 88
HONG KONG LEASE
PROMISE TO HONG KONG PEOPLE
• HONG KONG PEOPLE GOVERN HONG
KONG
• WITH HIGH DEGREE OF AUTONOMY
• ONE COUNTRY TWO SYSTEMS
• NO CHANGE FOR 50 YEARS
92. 91
MTRC
• BORROWING IN US$
• REVENUE IN HK$
• ADVERSE IMPACT BY
HIGH INTEREST RATE (12%)
DEVALUATION
93. 92
MTRC
• HONG KONG
GOVERNMENT TO
INCREASE EQUITY
(HK$ 2.5 B ISSUED, 2.5 B
ON CALL )
• SHIFT BORROWING TO BE
HK$ DENOMINATED
ROGER MOSS
FORMER FINANCE DIRECTOR
94. MTRC
SECURED CREDIT RATING FROM
• MOODY
• S&P
ROAD SHOW TO TAP INTERNATIONAL BOND MARKET
• YANKEE BOND
• SAMURAI BOND
93
97. EASTERN HARBOUR CROSSING
ENTRANCE
96
EHC
• Build Own Transfer PROJECT BY OTHERS
• LINKING KWUN TONG TO QUARRY BAY
• THIRD CROSS HARBOUR TUNNEL
CARRYING ROAD AND RAILWAY
• RAIL PORTION LEASED TO MTRC
98. 97
EHC
MTRC PAYS SEMI-ANNUAL INSTALMENTS FOR
18½ YEARS TOTALLING HK$ 2.6 B
OTHER CAPITAL INVESTMENT
INCL. ROLLING STOCKS 0.365 B
WILLIAM DONALD
FORMER OPERATIONS
DIRECTOR
105. EMIGRATION
MTRC
PROVIDENT FUND PAYOUT DEPENDED ON HANG
SENG SHARE INDEX AT END OF PREVIOUS
MONTH
FEAR OF FURTHER DEPRECIATION
STAFF RESIGNED TO CASH IN
AGGRAVATING STAFF LOSS
104
116. 115
AIRPORT CORE PROJECTS
• OBJECTIVES:
– TO STIMULATE ECONOMY
– TO FACILITATE FUTURE GROWTH
– TO ELIMINATE AVIATION HAZARD
– TO BE COMPLETED IN TIME FOR
HANDOVER
121. 120
ACP
AGREEMENT REACHED TO:
• LEAVE HK$ 25 B MIN. IN TREASURY
• CAP GOVERNMENT BORROWING
AT HK$ 5 B UNLESS AGREED
OTHERWISE
• CAP ANNUAL LAND SALE
NO MORE THAN 50 ha /year
122. 121
ACP
ESSENTIAL TO HAVE CHINA’S AGREEMENT AND SUPPORT
TO ASSURE INVESTORS
WRANGLING OVER FINANCIAL DATA DELAYED PROJECT
START
HAMISH MATHERS
FORMER CHAIRMAN
124. 123
ACP
AT TIME OF HANDOVER
ON 30 JUNE/1 JULY 1997
CHINESE PRESIDENT ARRIVED LAST BRITISH GOVERNOR LEFT
BY PLANE
AT THE NEW AIRPORT ON ROYAL YACHT BRITANNIA
JIANG JI MEN LORD PATTEN
•
125. 124
ACP
PROJECT COMPLETED IN 1998
Ir DOUGLAS OAKERVEE
PROJECT DIRECTOR HKIA
FORMER MTR PROJECT MANAGER
ICE PRESIDENT
130. 129
LAL
TUNG CHUNG LINE
(ON SHARED TRACK WITH AEL)
TUNG CHUNG - HONG KONG
COMMUTER LINE
ALSO PROVIDES RELIEF
TO NATHAN ROAD CONGESTION
131. 130
LAL
FINANCIAL SUPPORT AGREEMENT (FSA)
WITH GOVERNMENT
• HK$ 23.7 B ADDITIONAL EQUITY BY
GOVERNMENT
• 62 ha LAND FOR DEVELOPMENT
• DEFERRAL OF DIVIDENDS UNTIL 2001
• REVENUE DEFICIENCY PAYMENTS
(80% FOR NO MORE THAN 2 YEARS
IF DELAYED BY OTHERS)
150. 149
MTRC
PROJECT MANAGEMENT
RAILWAY OPERATION
FINANCIAL EXPERTISE
TRAINING & DEVELOPMENT
PROPERTY
AUTOMATIC FARE COLLECTION
151. 150
MTRC
• INVEST HEAVILY IN STAFF TRAINING &
DEVELOPMENT
• CORE VALUES :
CUSTOMER SERVICE
RESPECT FOR THE INDIVIDUAL
ON TIME AND WITHIN BUDGET
152. 151
MTRC
PROVIDES PROFESSIONAL
TRAINING SERVICES TO
OTHER RAILWAYS IN:
– MAINLAND CHINA
– SOUTHEAST ASIA
PHILP GAFFNEY
FORMER OPERATIONS DIRECTOR
LEN TURK
FORMER LEGAL DIRECTOR &
COMPANY SECRETARY
PATRICK MAULE
FORMER PERSONNEL DIRECTOR
171. PROPERTY DEVELOPMENT
& MANAGEMENT
AS AT END 2012:
Investment properties
Hong Kong: 13 shopping malls + 18 floors at 2 IFC
Shops 212,612 sq.m )
Offices 40,969 sq.m ) 267,223sq.m
Other use 13,642 sq.m )
Mainland China: Ginza Mall
Shops 18,398 sq.m
Managed properties:
• 86,266 residential units in Hong Kong
• 764,725 sq.m commercial properties in Hong Kong
• 233,000 sq.m in Mainland China
170
172. 171
AUTOMATIC FARE COLLECTION
• ELECTRO-MAGNETIC CARD
• STORED VALUE CARD
• CONTACTLESS SMART CARD
ROB NOBLE
FORMER MARKETING & PLANNINGDIRECTOR
175. 174
AUTOMATIC FARE COLLECTION
STORED VALUE
• PLASTIC
• RE-USABLE
• NO LITTER
• ISSUED BY MACHINE / HAND
• FIXED VALUE
• ELECTRO-MAGNETIC
• MULTIPLE JOURNEYS
• UNRESTRICTED LAST JOURNEY
• ADVANCE REVENUE COLLECTION
• REDUCTION IN CASH HANDLING
176. 175
AFC
OCTOPUS CONTACTLESS SMART CARD
• PLASTIC
• ISSUED BY MACHINE / HAND
• RE-USABLE
• NO LITTER
• MULTIPLE JOURNEYS
• ADVANCE REVENUE
• RADIO FREQUENCY IDENTIFICATION (RFID)
• NO CONTACT AT TURNSTILE
• TOP UP VALUE
• FURTHER REDUCTION IN CASH HANDLING
• ACCEPTED BY BUSINESS PARTNERS
177. 176
OCTOPUS CONTACTLESS SMART CARD
• RELIABLE TICKETING
• LABOUR SAVING
• DATA FOR:
OPERATIONAL PLANNIN INCLUDING PRICING
179. 178
OCTOPUS CONTACTLESS SMART CARD
OTHER USES:
PUBLIC TRANSPORTS
CAR PARKS
ACCESS CONTROL TO BUILDINGS
CONFIRMATION OF STUDENTS’
ATTENDANCE AT SCHOOL
180. OCTOPUS CONTACTLESS
SMART CARD
AS AT END OF JUNE 2012
• 12.1 MILLION DAILY TRANSACTIONS
• HK$ 123.9 MILLION PER DAY
• ADOPTED BY OVER 5000 SERVICE PROVIDERS
179
184. 183
MERGER
• HONG KONG GOVERNMENT ANNOUNCED
MERGER PROPOSAL BETWEEN MTRCL & KCRC
ON 11 APRIL 2006
185. 184
MERGER
• KCRC
• ORIGINALLY A GOVERNMENT DEPARTMENT
• TURNED INTO A WHOLLY GOVERNMENT
OWNED PUBLIC CORPORATION
• CHARGED TO OPERATE AND DEVELOP
DOMESTIC, CROSS-BOUNDARY AND INTERCITY
RAILWAY SERVICES
• IN A PRUDENT COMMERCIAL MANNER
188. 187
MERGER
• HONG KONG GOVERNMENT ANNOUNCED MERGER
PROPOSAL BETWEEN MTRCL & KCRC ON 11 APRIL 2006
• MTRCL SIGNED MEMORANDUM OF UNDERSTANDING
(MOU) WITH HK GOVERNMENT
MICHAEL TIEN DR RAYMOND CH'IEN
FORMER CHAIRMAN KCRC CHAIRMAN MTRCL
189. 188
MERGER
MEET THE GOVERNMENT’S FIVE PARAMETERS
1. ADOPTION OF A MORE OBJECTIVE AND TRANSPARENT
FAM
2. ABOLITION OF THE SECOND BOARDING CHARGE &
REVIEW FARE STRUCTURE TO REDUCE FARES
3. EARLY RESOLUTION OF INTERCHANGE ARRANGEMENTS
FOR RAIL PROJECTS UNDER PLANNING, NOTABLY THE
SHATIN TO CENTRAL LINK
4. ENSURE JOB SECURITY FOR FRONTLINE STAFF
5. PROVISION OF SEAMLESS INTERCHANGE
ARRANGEMENTS IN THE LONG TERM
195. 194
MTRCL
EXPANSION
NEW VISION :
• TO BE A WORLD CLASS ENTERPRISE
• GROWING IN HONG KONG & BEYOND
• FOCUSING ON RAIL, PROPERTY &
RELATED BUSINESS
196. 195
MTRCL
• NEW MISSION :
• EXCELLENT VALUE FOR CUSTOMERS
• OPPORTUNITIES FOR STAFF
• DEVELOP RAILWAY NETWORK AS
BACKBONE OF PUBLIC TRANSPORT IN
HONG KONG
• GROW IN MAINLAND CHINA & CAPTURE
OPPORTUNITIES IN EUROPE
197. 196
MTRCL
• NEW CORE VALUES :
EXCELLENT SERVICE
VALUE CREATION
MUTUAL RESPECT
ENTERPRISING SPIRIT
198. BUSINESS OUTSIDE HONG KONG
197
COMPANY SHARE
BEIJING MTR CORPORATION LTD. (BJMTR) 49%
MTR CORPORATION ( SHENZHEN) LTD. (SZMTR) 100%
METRO TRAINS MELBOURNE PTY. LTD. (MTM) 60%
MTR STOCKHOLM AB (MTRS) 100%
TUNNELBANAN TEKNIK STOCKHOLM AB (TBT) 50%
LONDON OVERGROUND RAIL OPERATIONS LTD. (LOROL) 50%
MTR HANGZHOU LINE 1 INVESTMENT CO. LTD. 100%
199. 198
UK BUSINESS
LORO (MTR/LAING )
FRANCHISE TO OPERATE
LONDON ORBITAL RAILWAY
INITIALLY FROM
11 NOVEMBER 2007
FOR 7 YEARS
NOW EXTENDED TO 11 NOVEMBER 2016 SUCCESS
201. (MTR/DEUTSCHE BAHN)
• IMPROVEMENT IN:
1. SERVICE OPERATION
2. PUNCTUALITY
3. SAFETY
4. SECURITY
• TICKETLESS TRAVEL DOWN
• REVENUE UP
200200
UK BUSINESS
204. UK BUSINESS
• “….so gradually all suburban rail services in London
can be brought up to the standard of London
Overground.”
Ken Livingstone
Mayor of London
203
205. UK BUSINESS
“London Overground has become a shining example
of how franchises can be run. With the network soon
to orbit our city, the London Overground's next five
years are sure to take the service to new heights.
Congratulations to all those
workers whose hard graft has
made this a success story.”
Boris Johnson
Mayor of London
204
206. UK BUSINESS
9TH LONDON TRANSPORT AWARDS
LONDON TRANSPORT OPERATOR OF THE YEAR
(SECOND YEAR IN A ROW)
2012 METRORAIL AWARDS LONDON
WORLD’S MOST IMPROVED METRO
205
(MTR/DEUTSCHE BAHN)
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
209
212. HONG KONG GOVERNMENT
INFRASTRUCTURE INVESTMENT
• Transport Infrastructure
1. South Island MTR Line
2. The Sha Tin to Central MTR Link
3. The Tuen Mun Western Bypass and Tuen Mun-Chek Lap Kok
Link
• Cross-boundary Infrastructure Projects
4. The Guangzhou-Shenzhen-HK Express Rail Link
5. HK-Shenzhen Airport Co-operation
6. HK-Zhuhai-Macao Bridge
7. HK-Shenzhen Joint Development of the Lok Ma Chau Loop
• New Urban Development Areas
8. West Kowloon Cultural District
9. Kai Tak Development Plan
10. New Development Areas (NDAs) 211
224. 223
MTRCL
CONSOLIDATED P & L A/C
(YEAR ENDED 31 December 2012) HK$ M
• REVENUE 35,759
• PROFIT ON PROPERTY DEVELOPMENTS 3,238
• OPERATING PROFIT BEFORE DEPRECIATION 16,321
• NET PROFIT ATTRIBUTABLE TO SHAREHOLDERS 13,532
