Future Plans Outside of Hong Kong
Hong Kong is our home but we also see opportunities for expansion of our businesses in the Mainland of China and overseas markets where we have a presence. We have been awarded a number of new railway-related projects that we look forward to building and operating in the years ahead.
Beijing MTR Corporation Limited (BJMTR) initialled a Concession Agreement for the investment, operations and maintenance of a new line, Beijing Line 16, on 8 February 2015. This 50km line will run from Beianhe to Wanping and will have 29 stations.
We have signed a Strategic Cooperation Framework Agreement with the Longhua New District Administration Commission to explore cooperation for the North Extension of Shenzhen Metro Longhua Line. Our subsidiary in China will offer advice and technical support for the construction of the extension as well as a light rail system in Longhua.
We have signed a Memorandum of Understanding with the Chongqing Municipal Government and have begun preliminary discussions regarding rail and property developments in the municipality.
We have signed the Concession Agreement with Transport for London (TfL) to operate the new Crossrail service for an eight-year period with an option to be extended to ten years. Crossrail is a new rail service currently under construction and will be launched under a staged approach. MTR (Crossrail) Corporation, a 100 per cent MTR-owned subsidiary, will start operating the first stage of the service from May 2015, and the service is scheduled to expand to its full scope in 2019.
Our wholly-owned subsidiary MTR Express (Sweden) AB will operate a new rail service — MTR Express — using existing rail tracks and infrastructure between the country’s two largest cities, Stockholm and Gothenburg. The 455km line will provide 110 weekly train trips, with partial service starting in March 2015 and full service scheduled to commence in August 2015.
Northwest Rapid Transit Consortium (NRT) was awarded the Operations, Trains and Systems Public-Private Partnership (PPP) contract for the Sydney North West Rail Link, our first international PPP project. MTR will design and deliver the rail systems, and its subsidiary Metro Trains Sydney (MTS) will operate and maintain the system for 15 years after service opening.