MTR Corporation

Last updated

MTR Corporation Limited
FormerlyMass Transit Railway Corporation (1972–2000)
Company type Public; Government-owned corporation
Industry
Founded22 September 1972;52 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 www.mtr.com.hk OOjs UI icon edit-ltr-progressive.svg
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
Transcriptions
Yue: Cantonese
Yale Romanization Hēung góng tit louh yáuh haahn gūng sī
Jyutping Hoeng1 gong2 tit3 lou6 jau5 haan6 gung1 si1

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 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. [17]

United Kingdom

MTR Elizabeth line logo MTRElizabethline.svg
MTR Elizabeth line logo

Current operations

Former operations

Unsuccessful or withdrawn bids

Sweden

MTRX train in Gothenburg, Sweden MTRX, Goteborg, 20241104 - 06.jpg
MTRX train in Gothenburg, Sweden

MTR Nordic AB is a subsidiary of MTR Corporation UK based in Stockholm [39] that operates in the public transportation sector through various subsidiaries. The CEO of MTR Nordic is Henrik Dahlin. [40]

Current Operations (ending November 2025):

Former Operations:

Australia

Mainland China

LogoNameFoundedWebsite
BeijingMTR.svg Beijing MTR Corporation Limited16 January 2006 mtr.bj.cn
MTR Hangzhou Logo.jpg Hangzhou MTR Corporation Limited6 September 2012 mtrhz.com.cn
MTR Shenzhen logo.svg MTR Corporation (Shenzhen) Limited1 July 2010 mtrsz.com.cn

Beijing

The company has also formed a joint-venture Beijing MTR Corporation Limited (Jinggang MTR) (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 [69] [70] of the Beijing Subway.

Hangzhou

The company formed a new joint-venture Hangzhou MTR (Hanggang 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). [71]

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. [72]

Related Research Articles

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

The Mass Transit Railway (MTR) is a major public transport network serving Hong Kong. Operated by the MTR Corporation (MTRCL), it consists of heavy rail, light rail, and feeder bus services, centred around a 10-line rapid transit network, serving the urbanised areas of Hong Kong Island, Kowloon, and the New Territories. The system encompasses 245.3 km (152.4 mi) of railways, 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> Government-owned railway services company in Hong Kong

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">SJ AB</span> Swedish state railway

SJ AB is a state-owned passenger train operator in Sweden. SJ was created in 2001, out of the public transport division of Statens Järnvägar, when the former government agency was divided into six separate state-owned limited companies. In 2018, SJ carried 31.8 million passengers.

<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. The line is colour warm yellow on the map, formerly deep orange before the MTR–KCR merger.

<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 46 km (29 mi), the line is the second longest line within the network, behind the Tuen Ma line. The line's colour is light blue, formerly navy blue before the KCR/MTR merger.

<span class="mw-page-title-main">Ma On Shan line</span> Former Hong Kong railway line

The Ma On Shan line was a rapid transit line that formed part of the Mass Transit Railway (MTR) system in Hong Kong. Coloured brown on the MTR map, the line acted as a branch of the East Rail line that connects the new towns of Sha Tin and Ma On Shan in the northeastern New Territories.

<span class="mw-page-title-main">Citylink Plaza</span> Building in Sha Tin, Hong Kong

Citylink Plaza is a building that stands above Sha Tin station on the MTR East Rail line in Hong Kong. It was developed and is owned by the Kowloon-Canton Railway Corporation (KCRC). The building, as well as the railway station, is connected to New Town Plaza, which is one of the largest shopping centres in Sha Tin District.

<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–KCR merger</span> Merger of operations between two Hong Kong railway companies

On 2 December 2007, the two major railway companies in Hong Kong, the Kowloon-Canton Railway Corporation, which operated the Kowloon-Canton Railway, and the MTR Corporation, which operated the MTR, merged their operations.

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

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.

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>

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, the commuter rail network connecting the northeastern, northwestern and southwestern New Territories to the urban areas, and a light rail network in northwestern New Territories. 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.

References

  1. 2017 Financial Highlights MTR Annual Report 2017, Retrieved 2018-05-24
  2. "MTR Privatisation Share Offer (NOT for distribution outside Hong Kong)" (Press release). Hong Kong SAR Government. 11 September 2000. Retrieved 11 February 2017.
  3. "Executive Management's Report – Business Overview" (PDF). Hong Kong Exchanges and Clearing Limited. Retrieved 11 February 2017.
  4. "How Hong Kong's subway turns a $2 billion annual profit". CNN. 30 March 2015. Retrieved 11 February 2017.
  5. "Press Release: Government has reached understanding with MTRCL on the terms for merging the MTR and KCR systems". Hong Kong SAR Government. 11 April 2006. Retrieved 17 November 2007.
  6. "Rail Merger Bill" (PDF). Legislation Council of the Hong Kong SAR. Retrieved 8 November 2007.
  7. "Appointments announced for post-merger MTR Corporation Limited" (Press release). Hong Kong Government. 8 August 2007. Retrieved 10 November 2007. (Comparing with the Chinese version)
  8. "Rail Merger Bill to be introduced into Legco (English name remain MTR)" (Press release). Hong Kong Government. 8 June 2006. Retrieved 15 November 2007. (Comparing with the Chinese version Archived 9 September 2009 at the Wayback Machine )
  9. Railway Merger Proposal in Hong Kong Gets Green Light, Hong Kong Economic and Trade Office in United States.
  10. Fact Sheet (Eng), Merger of the MTR and KCR systems.
  11. Elders ride on the MTR on Sundays and public holidays for just $2 for the whole journey.
  12. 1 2 3 4 5 6 lrcresearcher (6 July 2021). "還原「物業帶動鐵路」的歷史時空". Liber Research Community (in Chinese (Hong Kong)). Retrieved 4 August 2021.
  13. "Transport Department - Railways". www.td.gov.hk. Retrieved 11 September 2024.
  14. "MTR Railway Network". MTR. Retrieved 3 August 2018.
  15. Ng, Jeffery (9 March 2010). "MTR Posts 16% Rise in Profit, Plans to Offer 5,000 Apartments". The Wall Street Journal .
  16. "Two ifc services | International Finance Centre, Hong Kong". ifc.com.hk. Retrieved 3 July 2023.
  17. "MTR > Shopping Malls". www.mtr.com.hk. Retrieved 3 July 2023.
  18. "MTR selected to operate Crossrail services". Railway Gazette International . 18 July 2014.
  19. "Bidders shortlisted in the process to find the next operator of the Elizabeth line". Transport for London. Retrieved 20 May 2024.
  20. "Elizabeth line: Operator MTR loses bid to renew its contract". BBC News. Retrieved 20 November 2024.
  21. "FirstGroup and MTR welcome South Western rail franchise award" (Press release). London Stock Exchange. 27 March 2017. Archived from the original on 26 June 2018.
  22. "MTR Laing wins London Overground" Railway Gazette International July 2007 page 408
  23. Four bidders shortlisted for London Overground operating concesssion Railway Gazette International 29 June 2015
  24. TfL announces Overground Shortlist Railnews 30 June 2015
  25. Arriva wins £1.5bn London Overground contract BBC News 18 March 2016
  26. Transport for London announces intention to award London Overground contract to Arriva Arriva 18 March 2016
  27. "GNER joins Hong Kong's MTR to bid for new Kent rail franchise" Rail issue 502 8 December 2004 page 6
  28. "MTR pulls out of West Midlands bid" The Railway Magazine issue 1269 January 2007 page 6
  29. "Foreign bids for Metro contract". BBC News. 2 February 2009. Retrieved 3 February 2009.
  30. "ScotRail franchise shortlist named". BBC News. 1 November 2013. Retrieved 3 February 2009.
  31. East Japan Railway on West Midlands franchise shortlist Railway Gazette International 7 April 2016
  32. "MTR withdraws from West Midlands bidding" Modern Railways issue 815 August 2016 page 21
  33. Wales & Borders bidders asked to propose Metro options Railway Gazette International 13 October 2016
  34. West Coast Partnership and South Eastern rail franchise bidders Department for Transport 22 June 2017
  35. Three shortlisted for West Coast Partnership franchise Railway Gazette International 22 June 2017
  36. "MTR teams up with operator of Europe's largest high speed rail network for West Coast Partnership bid". MTR Europe. 20 December 2018. Retrieved 25 December 2018.
  37. "RENFE joins MTR's West Coast Partnership bid team". Railway Gazette International. 20 December 2018. Retrieved 5 September 2024.
  38. 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
  39. "Contact us". MTR Nordic (in Swedish). Retrieved 8 December 2019.
  40. "Henrik Dahlin ny vd för MTR Nordic AB". MTR Nordic (mynewsdesk) (in Swedish). 20 January 2021. Retrieved 13 April 2021.
  41. "Hongkong-bolag vann t-banekontrakt värt 36 miljarder (Swedish)". Svenska Dagbladet. E24.se. 20 January 2009.
  42. "Hong Kong operator in Stockholm" The Railway Magazine issue 1296 April 2009 page 93
  43. MTR's Stockholm metro contract extended Railway Gazette International 29 September 2015
  44. "MTR får förlängt förtroende till 2023". Mynewsdesk (in Swedish). 8 September 2015. Retrieved 6 July 2022.
  45. MTR Brings Stockholm Metro Rolling Stock Maintenance Fully in House MTR 25 January 2016
  46. MTR to take full ownership of Stockholm Metro in Sweden Rail Technology 27 January 2016
  47. "Nya t-banechefens mål 99,7 procents punktlighet". DN.SE (in Swedish). 28 October 2009. Retrieved 8 December 2019.
  48. "Caroline Åstrand ny VD för MTR Tunnelbanan". MTR Nordic (mynewsdesk) (in Swedish). 16 January 2020. Retrieved 13 April 2021.
  49. Redaktionen (21 November 2024). "Klart: Connecting Stockholm ny utförare av Stockholms lokaltrafik". dagensinfrastruktur (in Swedish). Retrieved 21 November 2024.
  50. Home MTR Express
  51. MTR launches open access inter-city service Railway Gazette International 23 March 2015
  52. MTR Express orders Flirts for Stockholm-Goteborg open access service Railway Gazette International 13 November 2013
  53. "VD-byten inom MTR-koncernen – Mats Johannesson tar över vd-rollen på MTR Pendeltågen och Joakim Sundh blir ny vd på MTRX". MTR Nordic (mynewsdesk) (in Swedish). 21 January 2021. Retrieved 13 April 2021.
  54. "MTR Express takes on SJ in Sweden". International Railway Journal. Retrieved 8 December 2019.
  55. VR Group completes MTR acquisition International Railway Journal 6 June 2024
  56. Hello there, we are VR MTRX
  57. "MTR Gamma AB tar över pendeltågstrafiken". Stockholm Region (in Swedish). 8 December 2015. Retrieved 8 December 2019.
  58. MTR to operate Stockholm Pendeltåg Archived 20 June 2019 at the Wayback Machine Railway Gazette International 9 December 2015
  59. Burroughs, David (1 November 2023). "SJ awarded emergency contract for Stockholm commuter network". International Railway Journal. Retrieved 1 November 2023.
  60. TTText (3 November 2023). "MTR:s nota för uppbrottet med SL: 580 miljoner". Dagens industri (in Swedish). Retrieved 21 November 2024.
  61. Lundkvist, Edvard (19 July 2022). "Tusentals inställda avgångar – MTR Mälartåg ska betala miljonvite". Dagens PS (in Swedish). Retrieved 21 November 2024.
  62. "MTR Mälartåg och Mälardalstrafik avslutar Mälartågsavtal i förtid". dagensinfrastruktur (in Swedish). 22 February 2024. Retrieved 21 November 2024.
  63. New train, tram operators for Melbourne The Age 25 June 2009
  64. "Full steam ahead: Government offers Metro and Yarra Trams contract extensions" The Age 29 September 2016
  65. Victorian government begins negotiations with Metro Trains Melbourne and Yarra Trams for new contracts Urbanlyst 2 October 2016
  66. Major milestones reached on North West Rail Link as preferred operator selected Archived 6 October 2014 at the Wayback Machine , Transport for New South Wales, Retrieved 24 June 2014
  67. Sydney Metro North West MTR
  68. Project Overview Sydney Metro
  69. "确定了!北京地铁17号线,京港地铁公司运营". 30 December 2019. Archived from the original on 26 July 2020. Retrieved 31 December 2019.
  70. website of Beijing MTR Corporation Limited Archived 6 January 2016 at the Wayback Machine
  71. "港铁咨询公司联合体中标深圳市轨道交通13号线公私合营项目". 3 August 2020.
  72. "About Macao Light Rapid Transit (Macao LRT)". MTR Macau. Retrieved 11 December 2019.