MTR Corporation

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MTR Corporation Limited
FormerlyMass Transit Railway Corporation (1972–2000)
Company type Public; Government-owned corporation
Industry
Founded22 September 1972;51 years ago (1972-09-22)
Headquarters
33 Wai Yip Street, Kowloon Bay, New Kowloon, Hong Kong
Area served
Worldwide, including:
Key people
Revenue HK$55.4 billion (December 2017) [1]
HK$10.5 billion (December 2017)
Total assets HK$263.768 billion (December 2017)
Owner
Number of employees
28,053 (June 2017)
Website mtr.com.hk
MTR Corporation
Traditional Chinese 香港鐵路有限公司
Simplified Chinese 香港铁路有限公司
Literal meaningHong Kong Railway Corporation Limited

The MTR Corporation invested heavily to develop large shopping centres around MTR stations. The most recent example is the PopCorn mall located at Tseung Kwan O station. It is connected to the adjacent malls, high-end housing and hotels. Another example of such a shopping centre is Maritime Square (青衣城) located at Tsing Yi station. Maritime Square is a nautical-themed mall in which there are supermarkets, boutiques, bookstores, a cinema, and restaurants. Since Tsing Yi station serves as the transport hub for Tsing Yi, Maritime Square is also easily accessible by other transport means including buses and taxis. Other shopping centres developed and managed by the corporation include CityLink, Elements, Hanford Plaza, Ocean Walk, Paradise Mall, Plaza Ascot, Sun Tuen Mun Shopping Centre, Telford Plaza, The Lane, the LOHAS, and Luk Yeung Galleria.

As of 2023, MTR Corporation owns 13 shopping malls across Hong Kong, classified into luxury, regional, and neighbourhood malls. [16]

United Kingdom

MTR Crossrail logo MTRcrossrail.svg
MTR Crossrail logo

Current operations

Former operations

Unsuccessful or withdrawn bids

Sweden

MTR Nordic AB is a subsidiary of MTR Corporation UK based in Stockholm [35] that operates in the public transportation sector through four subsidiaries. The CEO of MTR Nordic is Henrik Dahlin. [36]

Australia

Mainland China

Beijing MTR Corporation Limited
Hangzhou MTR Corporation Limited
MTR Corporation (Shenzhen) Limited
Company typePublic company
IndustryTransport, property
FoundedBeijing (16 January 2006 (2006-01-16))
Hangzhou (6 September 2012 (2012-09-06))
Shenzhen (1 July 2010 (2010-07-01))
Headquarters
(Beijing, Hangzhou, & Shenzhen)
,
China
Area served
Beijing, Hangzhou, Shenzhen
Website Beijing MTR
Hangzhou MTR
MTR (Shenzhen)

Beijing

The company has also formed a joint-venture Beijing MTR Corporation Limited (49%) with Beijing Capital Group ("BCG") (49%) and the Beijing Infrastructure Investment Co ("BIIC") (2%) to build and operate for 30 years Line 4, Daxing line, Line 14, Line 16 and Line 17 [60] [61] of the Beijing Subway.

Hangzhou

The company formed a new joint-venture Hangzhou MTR with Hangzhou Metro Group in 2012 to operate Line 1 of the Hangzhou Metro for 28 years, in which MTR holds 49% of the stock, while Hangzhou Metro Group holds the other 51% of the stock. Line 5 of the Hangzhou Metro is operated by Hangzhou MTR Line 5 Ltd., which MTR holds 60% of the stock.[ citation needed ]

Shenzhen

The company concluded initials concession agreement to build phase 2 of the Line 4 of the Shenzhen Metro, and to operate the whole line on a BOT basis for 30 years from 1 July 2010. The phase 2 of Line 4 have been in operation for passengers since 16 June 2011. Line 13, which is currently under construction, is also confirmed to be operated by MTR Corporation (Shenzhen). [62]

Macau

MTR Railway Operations (Macau)
 Company Limited
Company typePublic company
IndustryTransport
Founded11 April 2018 (2018-04-11)
Headquarters
Taipa
,
Macau
Area served
Taipa
Website MTR (Macau)

MTR Railway Operations (Macau) Company Limited, a wholly owned subsidiary of MTR Corporation, operates the Taipa Line of the Macau Light Rapid Transit (MLRT or MLM) in Macau since the line's opening on 10 December 2019. MTR will operate and maintain the line for 80 months. [63]

Related Research Articles

<span class="mw-page-title-main">MTR</span> Rapid transit railway system in Hong Kong

The Mass Transit Railway (MTR) is a major public transport network serving Hong Kong. Operated by the MTR Corporation Limited (MTRCL), it consists of heavy rail, light rail, and feeder bus service centred on a 10-line rapid transit network serving the urbanised areas of Hong Kong Island, Kowloon, and the New Territories. The system included 245.3 km (152.4 mi) of rail as of December 2022 with 179 stations, including 99 heavy rail stations, 68 light rail stops and 1 high-speed rail terminus.

<span class="mw-page-title-main">Kowloon–Canton Railway</span> Railway network in Hong Kong

The Kowloon–Canton Railway was a railway network in Hong Kong. It was owned and operated by the Kowloon–Canton Railway Corporation (KCRC) until 2007. Rapid transit services, a light rail system, feeder bus routes within Hong Kong, and intercity passenger and freight train services to China on the KCR network, have been operated by the MTR Corporation since 2007.

<span class="mw-page-title-main">Kowloon-Canton Railway Corporation</span>

The Kowloon-Canton Railway Corporation is a Hong Kong wholly government-owned railway and land asset manager. It was established in 1982 under the Kowloon-Canton Railway Corporation Ordinance for the purposes of operating the Kowloon–Canton Railway (KCR), and to construct and operate other new railways. On 2 December 2007, the MTR Corporation Limited (MTRCL), another railway operator in Hong Kong, took over the operations of the KCR network under a 50-year service concession agreement, which can be extended. Under the service concession, KCRC retains ownership of the KCR network with the MTRCL making annual payments to KCRC for the right to operate the network. The KCRC's activities are governed by the KCRC Ordinance as amended in 2007 by the Rail Merger Ordinance to enable the service concession agreement to be entered into with the MTR Corporation Limited.

<span class="mw-page-title-main">West Rail line</span> Former Hong Kong railway line

The West Rail line was a rapid transit line that formed part of the Mass Transit Railway (MTR) system in Hong Kong until 27 June 2021. Coloured magenta on the MTR map, the line ran from Tuen Mun to Hung Hom, with a total length of 35.7 kilometres (22.2 mi), in 37 minutes. The railway connected the urban area of Kowloon and the new towns of Yuen Long, Tin Shui Wai and Tuen Mun in the northwestern New Territories.

<span class="mw-page-title-main">Light Rail (MTR)</span> Hong Kong New Territories rail service

The Light Rail, also known as the Light Rail Transit (LRT), officially the North-West Railway, is a light rail system in Hong Kong, serving the northwestern New Territories, within Tuen Mun District and Yuen Long District. The system operates over 1,435 mmstandard gauge track, using 750 V DC overhead power supply. It was once one of four systems comprising the KCR network in Hong Kong, before the MTR–KCR merger in 2007. It has a daily ridership of about 483,000 people.

<span class="mw-page-title-main">East Rail line</span> Hong Kong MTR railway line

The East Rail line is one of the ten lines that form MTR, the mass transit system in Hong Kong. The railway line starts at Lo Wu or Lok Ma Chau, both of which are boundary crossing points into Shenzhen and joins in the north at Sheung Shui and ends at Admiralty station on Hong Kong Island. At approximately 45.8 km (28.5 mi), the line is the second longest line within the network, behind the Tuen Ma line. The line's colour is light blue.

<span class="mw-page-title-main">East Tsim Sha Tsui station</span> MTR interchange station in Kowloon, Hong Kong

East Tsim Sha Tsui is a station of the Mass Transit Railway (MTR) system of Hong Kong. It is currently an intermediate station on the Tuen Ma line.

<span class="mw-page-title-main">MTR Bus</span> Public bus service operated by the MTR corporation

MTR Bus is a public non-franchised bus service in Hong Kong operated by the MTR Corporation, serving the northwestern part of the New Territories. It comprises a network of 22 feeder bus routes for the convenience of passengers using the MTR rapid transit network, providing access to and between many MTR stations on the Tuen Ma line and Light Rail.

<span class="mw-page-title-main">Sha Tin to Central Link</span> Heavy rail expansion project

The Sha Tin to Central Link was an expansion project of the MTR public transport network in Hong Kong. It was divided into two sections and expanded the network’s heavy rail lines.

<span class="mw-page-title-main">Kwu Tung station</span>

Kwu Tung is a planned underground infill station on the Lok Ma Chau spur line of the East Rail line of the MTR rapid transit network in Hong Kong. The station will be situated near Kwu Tung in North District, New Territories.

<span class="mw-page-title-main">Arriva UK Trains</span> Company that oversees Arrivas British train operations

Arriva UK Trains Limited is the company that oversees Arriva's train operating companies in the United Kingdom. It gained its first franchises in February 2000. These were later lost, though several others were gained. In January 2010, with the take-over of Arriva by Deutsche Bahn, Arriva UK Trains also took over the running of those formerly overseen by DB Regio UK Limited.

<span class="mw-page-title-main">SP1900 EMU</span> Model of electric multiple unit operated by the MTR

The SP1900 EMU / SP1950 EMU or IKK Train is a model of train that runs on Hong Kong's Tuen Ma line. It was the second model of electric multiple unit rolling stock of the Kowloon-Canton Railway Corporation (KCRC), though they have been operated by MTR Corporation (MTRC) after it merged with KCRC in 2007.

<span class="mw-page-title-main">MTR Metro Cammell EMU (AC)</span> Model of electric multiple unit

The East Rail line Metro Cammell EMU was a model of electric multiple unit built in 1980–1990 by Metro-Cammell for the original Kowloon–Canton Railway in Hong Kong. The 29 sets were owned by and were originally operated by the Kowloon-Canton Railway Corporation (KCRC). They were operated by MTR Corporation (MTRC) after it merged with KCRC in 2007. Although another set of EMU trains from the same manufacturer operate on some of MTR's own lines, there are some significant differences between the two models, with the Metro Cammell EMUs of the original MTR being known as the Modernization Train.

<span class="mw-page-title-main">MTR–KCR merger</span> Merger of two Hong Kong railway companies

Two Hong Kong railway companies merged operations in 2007: the Kowloon–Canton Railway Corporation (KCRC), which operated the Kowloon–Canton Railway (KCR), and the MTR Corporation Limited (MTRCL), which operated the Mass Transit Railway (MTR).

<span class="mw-page-title-main">London Overground Rail Operations</span>

London Overground Rail Operations Limited was a train operating company contracted to operate the London Overground train service on the National Rail network, under the franchise control of Transport for London. The company was a 50/50 joint venture between Arriva UK Trains and MTR Corporation.

<span class="mw-page-title-main">Tuen Ma line</span> Hong Kong MTR railway line

The Tuen Ma line is a rapid transit line that forms part of the Mass Transit Railway (MTR) system in Hong Kong. Coloured brown on the map, the Tuen Ma line is 56.2 kilometres (34.9 mi) in length, making it the longest line of the MTR network. It has a total of 27 stations, more than any other in the MTR system.

<span class="mw-page-title-main">Stroudley (typeface)</span> Sans-serif typeface

Stroudley is a sans-serif typeface, created in 1996 by Dalton Maag as commissioned by Kowloon-Canton Railway Corporation (KCRC), a transit operator in Hong Kong, for use on the corporate identity of its railway system; the version used by the rail company was named Casey.

Rapid transit in Hong Kong began in 1979 with part of the Modified Initial System of the MTR entered service. The section, then ran only between Shek Kip Mei and Kwun Tong stations, was subsequently extended and new lines were added by the operator, the Mass Transit Railway Corporation.

<span class="mw-page-title-main">Rail transport in Hong Kong</span> Trains in the Special Administrative Region

Hong Kong's rail network mainly comprises public transport trains operated by the MTR Corporation Limited (MTRC). The MTRC operates the metro network of the territory and the commuter rail network connecting the northeastern, northwestern and southwestern New Territories to the urban areas. The operations of the territory's two leading railway companies, MTRC and the Kowloon-Canton Railway Corporation (KCRC), were merged in 2007 on grounds of economies of scale and cost effectiveness. The Hong Kong Government has an explicit stated transport policy of using railways as its transport backbone.

<span class="mw-page-title-main">Arriva Rail London</span> British train operating company in London

Arriva Rail London is a train operating company owned by Arriva UK Trains that operates the London Overground concession on behalf of Transport for London.

References

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  20. Four bidders shortlisted for London Overground operating concesssion Railway Gazette International 29 June 2015
  21. TfL announces Overground Shortlist Railnews 30 June 2015
  22. Arriva wins £1.5bn London Overground contract BBC News 18 March 2016
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  31. West Coast Partnership and South Eastern rail franchise bidders Department for Transport 22 June 2017
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  34. FirstGroup consortium to replace Virgin on west coast mainline Guardian 14 August 2019 FirstGroup consortium to replace Virgin on west coast mainline] Guardian 14 August 2019
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MTR Properties and MTR Property Management

Documentaries