GOVERNMENT

Following the partial privatisation and public listing of the Company on the Hong Kong Stock Exchange in October 2000, the Hong Kong SAR Government currently owns 77% of MTR. The Government has pledged to continue to hold at least 50% of shareholding in the Company for a minimum of 20 years from the date of the listing, and to provide the same support to the Company as before the privatisation.

Despite its majority ownership by the Government, MTR is independently managed on commercial principles. It is financially independent and does not rely on any subsidy from the Government.

The development of new rail infrastructure and the operation of the MTR network requires ongoing discussions with a wide range of external stakeholders. The planning process is considerably enhanced by extensive discussions with the Government who ensure that new rail infrastructure is consistent with Hong Kong's vision as Asia's World City and fully takes account of the concerns of local residents.



During construction, excellent environmental performance and good communication with local residents and the Environmental Protection Department ensures that projects proceed smoothly. During 2002, MTR attended 9 Legislative Council meetings and 48 District Council meetings.