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About MTR

Hong Kong Network Expansion

On 28 December 2014, we opened the Island Line Extension to Western District, the first of five new railway projects. The following list provides an overview of four projects that are still under construction. All together, the new railway projects, including the Island Line Extension to Western District, will expand the route length of our railway network in Hong Kong by about 25 per cent.

 

Hong Kong Network Expansion Projects

South Island Line (East) (82% completion) - The first metro service to the Southern District, extending from Admiralty to the southern part of Hong Kong Island and serving an estimated 350,000 residential and working population. We are responsible for financing this new line as well as for its design, construction, operation and maintenance. The most recent example of our Rail plus Property model will be in evidence on this line.

Shatin to Central Link (27% completion) - Extending the Ma On Shan Line from Tai Wai to Hung Hom and the West Rail Line and serving a residential population of 380,000 and employment population of 260,000 in its catchment area.

Kwun Tong Line Extension (72% completion) - Extending the existing line to connect Yau Ma Tei with the Whampoa area.

Express Rail Link (66% completion) - A 26km high-speed cross-boundary rail service connecting Hong Kong with Shenzhen, Guangzhou and the high-speed rail network in the Mainland of China.

 

In 2014, we announced delays in construction and delivery of all four projects and implemented new measures to enhance corporate governance relating to these works.

We recognise that in order to continue to connect and grow communities in parts of Hong Kong that are currently underserved by an efficient mass transportation system, we must continue to explore new opportunities to expand our network.

Mainland of China and International Networks

During 2014, we continued to expand our business in the Mainland of China and other international markets. More information about our future plans outside of Hong Kong is available in 2015 and Beyond.

Beijing Metro

Our most recently completed railway in the Mainland of China, Phase 2 of Beijing Metro Line 14 in Beijing, came into service on 28 December 2014. This RMB50 billion project is being implemented under a PPP Agreement. The 47.3km rail line has 37 stations, including 10 interchange stations. BJMTR is responsible for the Electrical & Mechanical systems and rolling stock, and for the operations and maintenance of the line over a term of 30 years.

After signing a Letter of Intent with the Beijing Municipal Government on 26 November 2014, a Concession Agreement for the investment, as well as the operations and maintenance of a new line, Beijing Line 16, was initialled on 8 February 2015.

Crossrail

In the United Kingdom, we successfully secured a £1.4 billion contract from Transport for London (TfL) for our wholly-owned subsidiary, MTR Crossrail, to operate the new Crossrail service. Crossrail is the largest construction project in Europe. It will open in phases starting from 2015, and following completion of the 118km line it will increase London’s current rail capacity by 10 per cent.

MTR Express

MTR Nordic launched a new express train service in Sweden during March 2015 using 455km of existing rail tracks and infrastructure to connect Sweden’s two largest cities, the capital Stockholm and the industrial port of Gothenburg. During 2014, MTR Nordic purchased six all-new and modern train sets to operate on the route. The rolling stock manufacturer, Stadler Rail AG, will provide maintenance services for the trains.

North West Rail Link

Also in 2014, we won a multi-billion dollar bid for the North West Rail Link (NWRL) Operations, Trains and Systems PPP contract in Sydney, Australia. NWRL is MTR’s first PPP project outside the Mainland of China and is one of the largest railway projects to be constructed in Australia.