Mtr a success story 20.11.2012 staff v3

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HISTORY & DEVELOPENT OF HKMTR

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Mtr a success story 20.11.2012 staff v3

  1. 1. 0
  2. 2. 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 ©
  3. 3. BIRTH & GROWTH OFHONG KONG MASS TRANSIT RAILWAYUP TO DATE 2
  4. 4. BEAUTIFUL HONG KONG 3
  5. 5. HONG KONG• LOCATED AT THE PEARL RIVER ESTUARY ON THE SOUTHERN COAST OF CHINA 4
  6. 6. VICTORIA HARBOUR 5
  7. 7. August 2003 77 HARBOUR FRONT 6
  8. 8. STAR FERRYAugust 2003 66 7
  9. 9. CHALLENGING BIRTH 8
  10. 10. 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
  11. 11. CULTURAL REVOLUTION HONG KONG IN CRISIS 10
  12. 12. CULTURAL REVOLUTION HONG KONG IN CRISIS 危 机• Danger Opportunity 11
  13. 13. PLB PLBPUBLIC LIGHT BUS 12
  14. 14. PLB• AVAILABLE - FREQUENT SERVICE• CONVENIENT - PASSENGERS HOP ON AND OFF ANYWHERE ALONG ROUTE• PREMIUM FOR SERVICE• POPULAR WITH PASSENGERS 13
  15. 15. 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
  16. 16. MTRCTHE MASS TRANIST RAILWAYORDINANCE 15
  17. 17. MTRC• WHOLLY GOVERNMENT OWNED ENTERPRISE HUTCHINSON HOUSE - RENTED 16 OFFICES
  18. 18. 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
  19. 19. MTRCHONG KONG GOVERNMENT PUTS ININITIAL EQUITY (HK$ 800 M)MTRC BORROWS REST IN OPEN MONEYMARKET 18
  20. 20. PREFERRED SYSTEM 19
  21. 21. INITIAL SYSTEMLETTER OF INTENT SIGNED WITH JAPANESE CONSORTIUM FOR THE INITIAL SYSTEM (20 km) AS A SINGLE DESIGN & BUILD CONTRACT 20
  22. 22. INITIAL SYSTEMOIL CRISISCONSORTIUM WITHDREW 21
  23. 23. MODIFIED INITIAL SYSTEMMIS(15.6 km)25 CIVIL & 10 E&MDESIGN AND BUILD CONTRACTS 22
  24. 24. MISGOVERNMENT SET UP MASSTRANSIT ADVISER (MTA) TO:• CO-ORDINATE BETWEEN MTRC & GOVERNMENT DEPARTMENTS• FACILITATE TIMELY POLICY MAKING & ISSUE RESOLUTION 23
  25. 25. MISDIFFERENT LEVEL OF COMMITTEES & WORKING GROUPS:• GOVERNMENT / MTR LIAISON COMMITTEE• GOVERNMENT / MTR PUBLICITY COMMITTEE• METRO PUBLIC RELATIONS POLICY GROUP 24
  26. 26. 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
  27. 27. INSPECTORATE OF RAILWAY (UK)• APPOINTED BY GOVERNMENT AS ADVISER ON RAILWAY SAFETY• PROVIDES INPUT DURING DESIGN• INSPECTS RAILWAY SYSTEM• RECOMMENDS OPENING 26
  28. 28. MISIMPORTANCE OF PUBLIC RELATIONS• OBSERVATION WINDOWS ON HOARDINGS• GROWING FOR YOU 27
  29. 29. MISIMPORTANCE OF PUBLIC RELATIONS• CEREMONIES OF COMMENCEMENT & COMPLETION OF WORKS 28
  30. 30. MISIMPORTANCE OF PUBLIC RELATIONSPARTICIPANTS (STAKEHOLDERS) INCLUDE: CORPORATION REPRESENTATIVES CONTRACTORS CONSULTANTS GOVERNMENT OFFICIALS LEGISLATORS DISTRICT COUNCILLORS LOCAL DIGNITARIES 29
  31. 31. MISIMPORTANCE OF PUBLIC RELATIONS• TEAM BUILDING• PUBLICISING PROGRESS OF WORKS 30
  32. 32. MISWORK STARTED• NOVEMBER 1975 GROUNDBREAKING CEREMONY BY CHAIRMAN SIR NORMAN THOMPSON 31 AT KWUN TONG
  33. 33. MIS• FIRST CHAIRMAN – SIR NORMAN THOMPSON DIRECT ACCESS TO THE GOVERNOR SIMPLE & CLEAR MESSAGES• PROJECT MANAGER – HONG KONG & SHANGHAI BANK HQ BUILDING 32
  34. 34. MISFIRST M.D. – PROF TONY RIDLEYM.D. – LONDON UNDERGROUNDMAJOR IMPROVEMENT TO THE SYSTEMCO-M.D. - EUROTUNNELPROFESSOR – IMPERIAL COLLEGE LONDONICE PRESIDENT 33
  35. 35. MIS• GENERAL PUBLIC – EXCITEMENT – EXPECTATION – DETERMINATION 34
  36. 36. MIS• GENERAL PUBLIC HIGH DEGREE OF TOLERENCE & CO-OPERATION 35
  37. 37. MISPROJECT MANAGEMENT APPROACH:• QUICK DECISION-MAKING• REGULAR MONITORING OF EFFECT OF CHANGES ON BUDGET & PROGRAMME• APPROPRIATE DELEGATION OF AUTHORITY• SHARE RISKS & BENEFITS WITH CONTRACTORS 36
  38. 38. MIS• BASED ON PROVEN TECHNOLOGY• PROJECT MOTTO: IF IT IS ESSENTIAL, GET ON WITH IT. IF IT IS DESIRABLE, FORGET IT. 37
  39. 39. MIS GOVERNMENTCOMMUNITY MTRC UNITY IN PURPOSE 38
  40. 40. MISGROUND CONDITIONS ALLUVIAL DEPOSITS GRANITE (VARYING DEGREE OF DECOMPOSITION) HARD ROCK 39
  41. 41. MISSTATION WALL CONSTRUCTION 40
  42. 42. MISSTATION CONSTRUCTION 41
  43. 43. MISINSITU HORSESHOE TUNNEL 42
  44. 44. MISPRECAST CONCRETE TUNNEL LINING 43
  45. 45. MISSGI TUNNEL LINING 44
  46. 46. MISNGAU TAU KOK STATION & VIADUCT 45
  47. 47. MISKOWLOON BAY DEPOT 46
  48. 48. MISADMIRALTY STATION EXCAVATION 47
  49. 49. MISIMMERSED TUBE CASTING 48
  50. 50. MISIMT 49
  51. 51. MIS• FROM KWUN TONG TO CENTRAL KWUN TONG TO SHEK KIP MEI – OPERATIONAL ON 1 OCTOBER 1979 50
  52. 52. MIS• FROM KWUN TONG TO CENTRAL KWUN TONG TO TSIM SHA TSUI – OPERATIONAL ON 31 DECEMBER 1979 51
  53. 53. MIS• FROM KWUN TONG TO CENTRAL KWUN TONG TO CENTRAL – OPENED BY PRINCESS ALEXANDRA ON 12 FEBRUARY 1980 52
  54. 54. MIS• FROM KWUN TONG TO CENTRAL ON TIME AND WITHIN BUDGET 53
  55. 55. 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
  56. 56. MIS• NO SMOKING• NO EATING• NO DRINKING• NO MUSIC/RADIO 55
  57. 57. MIS• CLEAN• QUIET• EFFICIENT• RELIABLE DAVID BAARACLOUGH• AIR-CONDITIONED FORMER OPERATIONS DIRECTOR 56
  58. 58. MISSUCCESS 57
  59. 59. GROWTH 58
  60. 60. FIRST HEADQUARTERS BUILDING 59
  61. 61. TSUEN WAN LINEBUILDING UP THECOMPANY ERIC BLACK SECOND MD 60
  62. 62. TSUEN WAN LINE 61
  63. 63. TWL• ENGINEER‟S DESIGN• CONTRACTOR‟S ALTERNATIVE PROPOSALS CONSIDERED & ADOPTED TSUEN WAN DEPOT & LUK YEUNG SUN CHUEN DEVELOPMENT 62
  64. 64. TWL• SET UP STRONG IN-HOUSE PROFESSIONAL PROJECT MANAGEMENT TEAM• HANDS-ON STYLE LAI KING TO KWAI FONG CROSS-OVER 63
  65. 65. 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 64
  66. 66. TWL• TSUEN WAN LINE – TSUEN WAN TO CENTRAL – OPERATIONAL 10 May 1982 (AHEAD OF PROGRAMME) 65
  67. 67. 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 66
  68. 68. ISL 67
  69. 69. ISL• ISLAND LINE – CHAI WAN TO ADMIRALTY 31 MAY 1985 – CHAI WAN TO SHEUNG WAN 23 MAY 1986 68
  70. 70. 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 69
  71. 71. MORE CHALLENGING TIME 70
  72. 72. 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 71 CONSTRUCTION
  73. 73. MTRARRIVAL & GROWTH OF MTRCOINCIDE WITH :TRANSFORMATION OF HONG KONGFROM REGIONAL CITYTO INTERNATIONAL FINANCIAL CENTRE 72
  74. 74. 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 73
  75. 75. HONG KONG LEASEBRITISH PRIME MINISTERVISITED BEIJINGOFFERED TO EXCHANGESOVEREIGNTY FORADMINSTRATION MARGARET THATCHER 74
  76. 76. HONG KONG LEASEOFFER REJECTED BY CHINA 75
  77. 77. HONG KONG LEASEBUT AGREED TO:• SET UP JOINT LIAISON COMMITTEE (JLC)• CONTINUE NEGOTIATION• MAINTAIN STABILITY & PROSPERITY OF HONG KONG 76
  78. 78. HONG KONG LEASE• NEGOTIATION NOT GOING WELL• UNCERTAINTY 77
  79. 79. HONG KONG LEASE• JITTERY & GLOOMY• INVESTMENTS PUT ON HOLD• STOCK MARKET CRASH• PROPERTY BUBBLE BURST 78
  80. 80. HONG KONG LEASEHONG KONG DOLLAR PLUNGESFROM AROUND HK$ 6 = US$ 1 TOOVER HK$ 9 = US$ 1 79
  81. 81. HONG KONG LEASEPEOPLE RUSH TO SUPERMARKETTO BUY :RICE 80
  82. 82. HONG KONG LEASEPEOPLE RUSH TO SUPERMARKETTO BUY :RICE &BABY‟S POWDERED MILK 81
  83. 83. HONG KONG LEASE• CURRENCY PEG HK$ 7.8 = US$ 1 82
  84. 84. HONG KONG LEASE• CALM THE CITY• STOP PANIC 83
  85. 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 August 2003 85 84
  86. 86. 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 85
  87. 87. HONG KONG LEASE•ENSHRINED IN •LODGED WITH BASIC LAW UNITED NATIONS 86
  88. 88. HONG KONG LEASE• CURRENCY PEG HK$ 7.8 = US$ 1• REMAINS TO THIS DAY 87
  89. 89. MTRC• BORROWING IN US$• REVENUE IN HK$• ADVERSE IMPACT BY HIGH INTEREST RATE (12%) DEVALUATION 88
  90. 90. 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 89
  91. 91. MTRCSECURED CREDIT RATING FROM• MOODY• S&PROAD SHOW TO TAP INTERNATIONAL BOND MARKET• YANKEE BOND• SAMURAI BOND 90
  92. 92. MTRCIN NO POSITION TO FINANCE NEWEXTENSIONS ON ITS OWN EXECUTIVE COMMITTEE 91
  93. 93. MTRC• IN NO POSITION TO FINANCE NEW EXTENSIONS ON ITS OWN 92
  94. 94. EASTERN HARBOUR CROSSING 93
  95. 95. 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 94
  96. 96. EHCMTRC PAYS SEMI-ANNUAL INSTALMENTS FOR18½ YEARS TOTALLING HK$ 2.6 BOTHER CAPITAL INVESTMENTINCL. ROLLING STOCKS 0.365 B WILLIAM DONALD FORMER OPERATIONS 95 DIRECTOR
  97. 97. EHCOPENED ON 1 OCTOBER 1989 PRINCE CHARLES SPEAKING TO THOMAS LAI 96
  98. 98. AFTER JOINT DECLARATION• UNCERTAINTY REMOVED• CONFIDENCE RETURNED LIPPO CENTRE 97
  99. 99. KAI TAK AIRPORTCHECKERBOARD IN SIGHT 98
  100. 100. KAI TAK AIRPORTSTEADY AS SHE GOES 99
  101. 101. KAI TAK AIRPORTDO YOUR WINDOW SHOPPING BEFORE YOU LAND 100
  102. 102. KAI TAK AIRPORTSEE....I LAND IT ON THE ROOF 101
  103. 103. KAI TAK AIRPORTHARD RIGHT TURN AND DIVE 102
  104. 104. KAI TAK AIRPORT BUT LANDING ON THERUNWAY...... IS NOT ALWAYS 103 EASY
  105. 105. KAI TAK AIRPORTSOMETIMES.... ENDED UP IN THE WATER 104
  106. 106. AIRPORT CORE PROJECTSRELOCATE AIRPORT FROM KAI TAK TO CHEK LAP KOK 105
  107. 107. AIRPORT CORE PROJECTS• APPROVED BY BEIJING & LONDON 106
  108. 108. AIRPORT CORE PROJECTS• OBJECTIVES: – TO STIMULATE ECONOMY – TO FACILITATE FUTURE GROWTH – TO ELIMINATE AVIATION HAZARD – TO BE COMPLETED IN TIME FOR HANDOVER 107
  109. 109. ACP• AIRPORT AT CHEK LAP KOK• TSING MA BRIDGE• LANTAU & AIRPORT RAILWAY 108
  110. 110. ACP• KAP SHUI MUN BRIDGE• TING KAU BRIDGE• HIGHWAYS• RECLAMATIONS• THIRD CROSS HARBOUR ROAD TUNNEL (WESTERN HARBOUR CROSSING) 109
  111. 111. ACP• HK$ 127 BILLION £ 10 BILLION 110
  112. 112. ACPCHINA‟S CONCERN:• ROSE GARDEN PROJECT• EMPTY TREASURY• HIGH DEBT 111
  113. 113. 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 112
  114. 114. ACPESSENTIAL TO HAVE CHINA‟S AGREEMENT AND SUPPORT TO ASSURE INVESTORSWRANGLING OVER FINANCIAL DATA DELAYED PROJECT START HAMISH MATHERS 113 FORMER CHAIRMAN
  115. 115. ACP JACK SO CHAK KWONGFORMER CHAIRMAN & CEO 114
  116. 116. 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 115•
  117. 117. ACPPROJECT COMPLETED IN 1998 Ir DOUGLAS OAKERVEE PROJECT DIRECTOR HKIA FORMER MTR PROJECT MANAGER ICE PRESIDENT 116
  118. 118. HONG KONG INTERNATIONAL AIRPORT 117
  119. 119. TSING MA BRIDGE (ROAD + RAIL) 118
  120. 120. LANTAU & AIRPORT LINE 119
  121. 121. LALAIRPORT EXPRESS LINE(AEL)AIRPORT – HONG KONG23 MINUTES JOURNEYIN-TOWN-CHECK-IN 120
  122. 122. LALTUNG CHUNG LINE(ON SHARED TRACK WITH AEL)TUNG CHUNG - HONG KONGCOMMUTER LINEALSO PROVIDES RELIEFTO NATHAN ROAD CONGESTION 121
  123. 123. 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) 122
  124. 124. ACPEXTENSIVE APPLICATION OFVALUE ENGINEERINGINTRODUCE PARTNERING RUSSELL BLACK FORMER PROJECTS DIRECTOR 123
  125. 125. TUNG CHUNG LINENO MORE SLIDING SEATS 124
  126. 126. AIRPORT EXPRESS• SPACIOUS SEATING• PLEASANT AMBIENCE• BUSINESS CLASS COMFORT FROM PLANE, THROUGH TRAIN, TO HOTEL AEL TRAIN 125
  127. 127. LALTCLOPERATIONAL ON 22 JUNE 1998AELOPERATIONAL ON 6 JULY 1998 126
  128. 128. LAL HK$ BPROJECT COST 35.1(INCLUDING CAPITALISED INTEREST)FINANCED BY:EQUITY 23.7DEBT 11.4 127
  129. 129. CONSOLIDATION 128
  130. 130. TSEUNG KWAN O LINE 129
  131. 131. TKL• TSEUNG KWUN O LINE – COMMUTER LINE – FROM PO LAM TO NORTH POINT – OPERATIONAL ON 17 AUGUST 2002 130
  132. 132. TKLI st JULY – 1997ASIAN FINANCIAL CRISISMAJOR REVIEW OF THEPROJECT 131
  133. 133. TKLINITIAL CAPITAL COST ESTIMATE HK$ BINCL. CAPITALISED INTEREST 30.5FINAL COST 16.0 HANG HAU STATION 132
  134. 134. TKLNORTH POINT CAVERN 133
  135. 135. DISNEYLAND RESORT LINE 134
  136. 136. DRL• DISNEYLAND RESORT LINE – FROM SUNNY BAY TO DISNEYLAND – FULLY AUTOMATIC OPERATION – OPERATIONAL ON 12 SEPTEMBER 2005 135
  137. 137. ASIAWORLD-EXPO STATION 136
  138. 138. ASIAWORLD-EXPO STATIONAIR STATION –ASIAWORLD-EXPOOPERATIONAL ON20 DECEMBER 2005 137
  139. 139. NGONG PING 360 138
  140. 140. NGONG PING 360 139
  141. 141. NGONG PING 360 140
  142. 142. NGONG PING 360AIRPORT ISLAND STATION TUNG CHUNG TERMINAL 141
  143. 143. NGONG PING 360• MATERIAL DELIVERY – HELICOPTERS – MULES 142
  144. 144. NGONG PING 360SCHEDULED OPENING 24 JUNE 2006OPERATIONAL 18 SEPT 2006OFFICIAL OPENING 9 NOV 2006 143
  145. 145. NGONG PING 360OPERATION SUSPENDED 11 JUNE 2007OPERATION RESUMED 31 DEC 2007SUBSIDIARY COMPANY SET UP TOMANAGE & OPERATE THE SYSTEM 144
  146. 146. SUCCESS PROFILERATING 145
  147. 147. MTRC PROJECT MANAGEMENT RAILWAY OPERATION FINANCIAL EXPERTISE TRAINING & DEVELOPMENT PROPERTY AUTOMATIC FARE COLLECTION 146
  148. 148. MTRC• INVEST HEAVILY IN STAFF TRAINING & DEVELOPMENT• CORE VALUES : CUSTOMER SERVICE RESPECT FOR THE INDIVIDUAL ON TIME AND WITHIN BUDGET 147
  149. 149. MTRCPROVIDES PROFESSIONALTRAINING SERVICES TOOTHER RAILWAYS IN:– MAINLAND CHINA PHILP GAFFNEY FORMER OPERATIONS DIRECTOR– SOUTHEAST ASIA LEN TURK FORMER LEGAL DIRECTOR & COMPANY SECRETARY PATRICK MAULE FORMER PERSONNEL DIRECTOR 148
  150. 150. PROPERTY DEVELOPMENT & MANAGEMENTMAJOR GOVERNMENT POLICY ISSUES TRANSPORT HOUSING 149
  151. 151. PROPERTY DEVELOPMENT & MANAGEMENT• GOVERNMENT ALLOCATE LAND AT FULL MARKET VALUE ALONG THE RAILWAY FOR DEVELOPMENT 150
  152. 152. PROPERTY DEVELOPMENT & MANAGEMENT• MAJOR & REPUTABLE PROPERTY DEVELOPER AND MANAGER IN TOWN• JOINT VENTURES – RESIDENTIAL – RETAIL – OFFICES – HOTEL 151
  153. 153. PROPERTY DEVELOPMENT & MANAGEMENT• SUBSTANTIAL CONTRIBUTION TOWARDS COST OF RAILWAY• CAPTURED PASSENGERS (FORMING PART OF 2.4 M DAILY RIDERSHIP) 152
  154. 154. PROPERTY DEVELOPMENT & MANAGEMENT PROCEEDS FROM DEVELOPMENTS HELP TO:• KEEP FARES AT REASONABLE LEVEL• MAINTAIN & EXTEND RAIL NETWORK 153
  155. 155. PROPERTY DEVELOPMENT & MANAGEMENT 154
  156. 156. PROPERTY DEVELOPMENT & MANAGEMENT TELFORD GARDEN 155
  157. 157. PROPERTY DEVELOPMENT & MANAGEMENT PARK VIEW 156
  158. 158. PROPERTY DEVELOPMENT & MANAGEMENT CENTRAL STATION RETAIL 157
  159. 159. PROPERTY DEVELOPMENT & MANAGEMENT TELFORD PLAZA 158
  160. 160. PROPERTY DEVELOPMENT & MANAGEMENT MARITIME SQUARE 159
  161. 161. PROPERTY DEVELOPMENT & MANAGEMENT ELEMENTS 160
  162. 162. 2 INTERNATIONAL FINANCE CENTRE 2IFC 161
  163. 163. UNION SQUARE 162
  164. 164. INTERNATIONAL COMMERCE CENTRE• 118 FLOORS• 490 METRES HIGH• THIRD TALLEST BUILDING IN THE WORLD ICC 163
  165. 165. ICCICC 164
  166. 166. GATEWAY TOWERS 165
  167. 167. CHINA – BEIJING• PROPERTY OPEARATIONS & MANAGEMENT GINZA MALL 166
  168. 168. 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 167• 744,214 sq.m commercial properties in Hong Kong
  169. 169. AUTOMATIC FARE COLLECTION• ELECTRO-MAGNETIC CARD• STORED VALUE CARD• CONTACTLESS SMART CARD ROB NOBLE FORMER MARKETING & PLANNINGDIRECTOR 168
  170. 170. AUTOMATIC FARE COLLECTIONELECTRO-MAGNETIC CARD• PLASTIC• RE-USABLE• NO LITTER• ISSUED BY MACHINE / HAND• FIXED VALUE• ELECTRO-MAGNETIC• SINGLE JOURNEY 169
  171. 171. MIS• NO SMOKING• NO EATING• NO DRINKING• NO MUSIC/RADIO• NO TICKET FLICKING 170
  172. 172. 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 171
  173. 173. 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 172
  174. 174. OCTOPUS CONTACTLESS SMART CARD• RELIABLE TICKETING• LABOUR SAVING• DATA FOR: OPERATIONAL PLANNIN INCLUDING PRICING 173
  175. 175. OCTOPUS CONTACTLESS SMART CARD• FORERUNNER OF:• EZ-LINK – SINGAPORE• OYSTER CARD – LONDON• EASYCARD - TAIPEI 174
  176. 176. OCTOPUS CONTACTLESS SMART CARDOTHER USES: PUBLIC TRANSPORTS CAR PARKS ACCESS CONTROL TO BUILDINGS CONFIRMATION OF STUDENTS‟ ATTENDANCE AT SCHOOL 175
  177. 177. 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 176
  178. 178. MTR CORPORATIONAN OUTSTANDINGLY SUCCESSFUL ENTERPRISE 177
  179. 179. MTR CORPORATION LTDLISTED ON THE HONG KONGEXCHANGEON 5 OCTOBER 2000 178
  180. 180. MERGER WITH KCRC 179
  181. 181. MERGER• HONG KONG GOVERNMENT ANNOUNCED MERGER PROPOSAL BETWEEN MTRCL & KCRC ON 11 APRIL 2006 180
  182. 182. 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 181
  183. 183. MERGERKCRC• OPERATES: – EAST RAIL – WEST RAIL – LIGHT RAIL – INTERCITY TO GUANGZHOU – FREIGHT TO INTERIOR OF MAINLAND CHINA 182
  184. 184. MERGERKCRC• PROPERTY DEVELOPMENT & MANAGEMENT 183
  185. 185. 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 184
  186. 186. 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 185
  187. 187. MERGERMOU PROVIDES FOR• JOB SECURITY FOR ALL FRONTLINE STAFF 186
  188. 188. MERGERDEAL TERMS• PROVIDE A BALANCED PACKAGE FAIR TO ALL STAKEHOLDERS 187
  189. 189. 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 188
  190. 190. 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 189
  191. 191. MERGERBENEFITS• SYNERGY• ECONOMIES OF SCALE• COST EFFICIENCY• INTEGRATED RAIL SYSTEM 190
  192. 192. 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 191
  193. 193. MERGED• COMPLETED ON 2 DECEMBER 2007• 香港鐵路有限公司 ONE COMPANY ONE TEAM 192
  194. 194. MERGED 193
  195. 195. 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 194
  196. 196. MERGEDONE COMPANY ONE TEAM STAFF INTEGRATION W ILLIAM CHAN FORMER HUMAN RESOURCES DIRECTOR 195
  197. 197. MTR CORPORATION LTDGROWTH MOMENTUM 196
  198. 198. MTRCLEXPANSIONNEW VISION :• TO BE A WORLD CLASS ENTERPRISE• GROWING IN HONG KONG & BEYOND• FOCUSING ON RAIL, PROPERTY & RELATED BUSINESS 197
  199. 199. 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 198
  200. 200. MTRCL• NEW CORE VALUES :EXCELLENT SERVICEVALUE CREATIONMUTUAL RESPECTENTERPRISING SPIRIT 199
  201. 201. 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 200
  202. 202. MACAO BUSINESSMACAO GOVERNMENTMOU SIGNED FOR LIGHT RAIL PROJECT CONSULTANCY 201
  203. 203. DUBAI 202
  204. 204. DUBAIMETRO & AIRPORT LINES 203
  205. 205. DUBAICONSULTANCYTO REVIEW DESIGN PROPOSALS IN RESPECT OF :OPERATION &MAINTENANCE VIADUCT CONSTRUCTION 204
  206. 206. DUBAICONSULTANCYMOU SIGNED TO ASSIST TO DEVELOP A MASS URBAN TRANSPORT SYSTEM, PROVIDING HIGH QUALITY TRANSPORT SERVICES 205
  207. 207. INDIADelhi Airport Metro Express Line (AMEL)• Major engineering & project management contract 206
  208. 208. UK BUSINESS BIDS 207
  209. 209. UK BUSINESS LORO (MTR/LAING )FRANCHISE TO OPERATELONDON ORBITAL RAILWAY(with over 1090 trains a day) FROM 11 NOVEMBER 2007 FOR 7 YEARS WITH OPTION FOR 2 FURTHER YEARS SUCCESS 208
  210. 210. UK BUSINESSLOROL (MTR/DEUTSCHE BAHN)ACTION ON DAY ONE• OYSTER TICKETING SYSTEM• NEW TICKETING MACHINES• STATIONS GATED 209
  211. 211. UK BUSINESS (MTR/DEUTSCHE BAHN)• IMPROVEMENT IN: 1. SERVICE OPERATION 2. PUNCTUALITY 3. SAFETY 4. SECURITY• TICKETLESS TRAVEL DOWN• REVENUE UP 210
  212. 212. UK BUSINESS (MTR/DEUTSCHE BAHN)PROGRAMME FOR:• CUSTOMER SERVICE TRAINING• STATION CLEANING AND REPAIR• STATION REFURBISHEMENT• STATION REMODELLING• NEW EXTENSIONS 211
  213. 213. UK BUSINESS• “….so gradually all suburban rail services in London can be brought up to the standard of London Overground.”Ken LivingstoneMayor of London 212
  214. 214. 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 Overgrounds 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 JohnsonMayor of London 213
  215. 215. 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 IMPROVEED METRO 214
  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 215
  217. 217. EUROPE BUSINESSSTOCKHOLM UNDERGROUNDTOOK OVER OPERATION 2 NOVEMBER 2009(FOR 8 YEARS MINIMUM) 216
  218. 218. AUSTRALIA BUSINESSMETRO TRAINS MELBOURNETOOK OVER OPERATION ON 30 NOVEMBER 2009(FOR INITIAL PERIOD OF 8 YEARS) 217
  219. 219. AUSTRALIA BUSINESSUNITED GROUP LTD.SUBCONTRACT TO SUPPORT ITS ROLLING STOCKMAINTENANCE WORKS IN NEW SOUTH WALES 218
  220. 220. CHINA BUSINESS 219
  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 11 220
  222. 222. CHINA BUSINESSBEIJING LINE 4 – INITIALLED IN FEBRUARY 2005 – COMPANY FORMED IN JANUARY 2006 – AGREEMENT SIGNED ON 12 APRIL 2006 221
  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 222
  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 223
  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– OPERATIONAL ON 24 NOVEMBER 2012 224
  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% 225
  227. 227. CURRENT EXTENSION PROJECTS 226
  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 227
  229. 229. HONG KONG GOVERNMENTINFRASTRUCTURE INVESTMENT 228
  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) 229
  231. 231. RAILWAY EXTENSIONS 230
  232. 232. RAILWAY EXTENSIONS XRL 231
  233. 233. RAILWAY EXTENSIONS WIL 232
  234. 234. RAILWAY EXTENSIONS KTE 233
  235. 235. RAILWAY EXTENSIONS JAY WALDER CEO TC CHIEW PROJECTS DIRECTOR SCL 234
  236. 236. RAILWAY EXTENSIONS FULLY AUTOMATIC OPERATION 235 SIL(E)
  237. 237. RAILWAY EXTENSIONSEXTENSION PROJECT FUNDINGXRL SERVICE CONCESSION (GOVERNMENT CAPITAL + MTRCL OPERATIONS)WIL CAPITAL GRANTKTE RAIL + PROPERTYSCL SERVICE CONCESSIONSIL(E) RAIL + PROPERTY 236
  238. 238. RAILWAY EXTENSIONSRAILWAY DEVELOPMENT STRATEGY 2000 237 (UPDATE)
  239. 239. RAILWAY BUILDING 238
  240. 240. RAILWAY BUILDINGFEASIBILITYIDENTIFY TRANSPORT NEEDSFEASIBILITY STUDYPROPOSAL TO GOVERNMENTROUTE PROTECTION 239
  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 240
  242. 242. RAILWAY BUILDINGCONSTRUCTIONDESIGN MANAGEMENTCONSTRUCTION MANAGEMENTPROTECTION OF ADJACENT PROPERTIESTESTING & COMMISSIONINGAPPROVAL BY RAILWAY INSPECTORATEHANDOVER TO OPERATIONS 241
  243. 243. SYSTEM IMPROVEMENT & PROTECTION 242
  244. 244. LISTENING CORPORATIONIN SERVICE IMPROVEMENTS:  NEW INTEGRATED ENTRANCES  ENTRANCE UPGRADE  FACILITIES FOR THE PHYSICALLY IMPAIRED  RETROFITS - PLATFORM SIDE DOORS  KIOSKS  NEW SINGNALLING SYSTEM CONDITION MONITORING MAINTENANCE RAILWAY PROTECTION 243
  245. 245. IN SERVICEINTEGRATED ENTRANCE 244
  246. 246. IN SERVICEOLD ENTRANCENEW ENTRANCE 245
  247. 247. IN SERVICE KIOSKS 246
  248. 248. IN SERVICECHAIRLIFT & TACTILE ROUTES 247
  249. 249. IN SERVICE PSD 248
  250. 250. IN SERVICE SIGNALLINGSOURCE - BOMBARDIER
  251. 251. IN SERVICERAILWAY PROTECTION 250
  252. 252. MTRCL A STORY OFOUTSTANDING SUCCESS 251 KOWLOON BAY HQ BUILDING
  253. 253. MTRCL• PROFITABLE HK$B 16 14.2 14 Turnover 12 10.7 10 Operating profit 8 8.6 before depreciation (after property 6 development profit) Net profit excluding 4 investment property revaluation 2 0 252
  254. 254. MTRCL 253
  255. 255. MTRCL 254
  256. 256. MTRCL CONSOLIDATED P & L A/C(YEAR ENDED 31 December 2011) HK$ M• REVENUE 33,423• PROFIT ON PROPERTY DEVELOPMENTS 4,900• OPERATING PROFIT BEFORE DEPRECIATION 17,038• NET PROFIT ATTRIBUTABLE TO SHAREHOLDERS 14,716 255
  257. 257. MTRCLAS AT END 2011:PATRONAGE ( million)Yearly 1,644Daily 4.7 256
  258. 258. MTRCL HONG KONG PEOPLEENGINEERS MTR STAFF HAVE REASON TO BE PROUD 257
  259. 259. IN THE EYES of the BBC19 APRIL 2006 258
  260. 260. RECAP 259
  261. 261. STORY OF THE HKMTR 260
  262. 262. STORY OF THE HKMTRSTORY OF HONG KONG IN THEFINAL DECADES OF LAST CENTURY 261
  263. 263. STORY OF THE HKMTRSTORY OF HONG KONG IN THEFINAL DECADES OF LAST CENTURYSTORY OF 23 YEARS OF MY LIFE 262
  264. 264. This presentation is dedicated to : All my friendsEspecially those of the MTR 263
  265. 265. This presentation is dedicated to : and to: The Hong Kong Technical College(now The Hong Kong Polytechnic University)For helping me to lay the foundation for my engineering career 264
  266. 266. 265

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