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ABOUT
MTR The MTR Corporation Limited (MTR) came into existence on 30 June 2000, succeeding the Mass Transit Railway Corporation which had been established in 1975 as a Government owned statutory Corporation. With a daily patronage of over 2.3 million passengers, the MTR is one of the most intensively utilised mass transit railway systems in the world, transporting 1 in 3 of Hong Kong's population every day. Despite continued economic weakness and severe competition from buses, total patronage increased by 2.5% to 786 million in 2002 with the opening of the Tseung Kwan O Line. MTR's daily patronage reached a record 3.1 million on Christmas Eve 2002. Through effective and efficient management in planning, design, operations, and maintenance of its railway services, MTR has been confirmed by recent benchmarking studies as one of the world's finest railways for reliability, customer service and cost-efficiency (Benchmarking exercise conducted annually be the Civil Engineering Departmnet of Imperial College, London) MTR currently operates 87.7 km of railway, comprising 6 railway lines with 49 stations, of which 14 are interchanges to provide convenient transfer between the different line  In addition to railway operation, development and associated businesses, MTR engages in the development, sale and management of residential and commercial properties above and adjacent to its stations and depots in partnership with property developers. MTR has also retained a number of shopping centres as long-term investments and provides property management services. MTR's subsidiary, Octopus, operates the Octopus smart card system, which MTR and other major transport operators use to collect the majority of their fares. Octopus has expanded into the non-transport sector, with the number of Octopus cards in circulation increasing to 9.3 million.  In
2002, our external consulting business experienced another year of strong
growth in revenues and scope, particularly in Mainland China, where we undertook
assignments in Tianjin, Shanghai, Nanjing and Shenzhen. In telecommunications, increased mobile phone usage generated higher revenue and we established a new subsidiary, TraxComm Limited, to exploit the opportunities expected to arise from the recent liberalization of the Hong Kong fixed line telephone market. |
Additional Information Turnover (1999-2002) |
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