mtr a success story 20.09.2015
TRANSCRIPT
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HONG KONG MASS TRANSIT RAILWAY
A SUCCESS STORY
PRESENTED
BY
Ir Thomas S K LAI CEng, MICE, MIStructE, MHKIE
Chairman HKIE UK CHAPTER
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BIRTH & GROWTH OF
HONG KONG MASS TRANSIT RAILWAY
UP TO DATE
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BEAUTIFUL HONG KONG
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HONG KONG
• LOCATED AT THE PEARL RIVER
ESTUARY ON THE SOUTHERN
COAST OF CHINA
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VICTORIA HARBOUR
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HARBOUR FRONT
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August 2003 77
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STAR FERRY
August 2003 66
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CHALLENGING BIRTH
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CULTURAL REVOLUTION
• In 1966 – CULTURAL REVOLUTION
RAGING IN CHINA
• SPILLED OVER TO HONG KONG
• FARE INCREASE IN STAR FERRY
• RIOTS
• SERIOUS DISRUPTION
TO PUBLIC TRANSPORT
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CULTURAL REVOLUTION
HONG KONG IN
CRISIS
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CULTURAL REVOLUTION
HONG KONG IN
CRISIS
危 机
• Danger Opportunity
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PUBLIC LIGHT BUS 12
PLB
PLB
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PLB
• AVAILABLE - FREQUENT SERVICE
• CONVENIENT - PASSENGERS HOP ON
AND OFF ANYWHERE ALONG ROUTE
• PREMIUM FOR SERVICE
• POPULAR WITH PASSENGERS
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HONG KONG GOVERNMENT
•VIABILITY OF UNDERGROUND RAILWAY SYSTEM
•CONFIRMED BY CONSULTANT’S FEASIBILITY
STUDY
(FREEMAN FOX & PARTNERS + WILBUR SMITH)
•1975 - MASS TRANSIT PROVISIONAL AUTHORITY
•1976 - MASS TRANSIT RAILWAY CORPORATION
MTRC
COLIN COULSON
FORMER SR. PARTNER
FFP
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MTRC
THE MASS TRANIST RAILWAY
ORDINANCE
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MTRC
• WHOLLY GOVERNMENT
OWNED ENTERPRISE
HUTCHINSON HOUSE - RENTED
OFFICES
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MTRC
• MANDATED TO BUILD AND OPERATE AN UNDERGROUND RAILWAY SYSTEM
• ON PRUDENT COMMERCIAL PRINCIPLES
• HAVING REGARD TO THE REASONABLE REQUIREMENTS OF THE PUBLIC TRANSPORT SYSTEM OF HONG KONG
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MTRC
HONG KONG GOVERNMENT PUTS IN
INITIAL EQUITY (HK$ 800 M)
MTRC BORROWS REST IN OPEN MONEY
MARKET
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PREFERRED SYSTEM
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INITIAL SYSTEM
LETTER OF INTENT SIGNED WITH JAPANESE
CONSORTIUM FOR THE INITIAL SYSTEM
(20 km) AS A SINGLE DESIGN & BUILD CONTRACT
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INITIAL SYSTEM
OIL CRISIS
CONSORTIUM WITHDREW
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MODIFIED INITIAL SYSTEM
MIS
(15.6 km)
25 CIVIL & 10 E&M
DESIGN AND BUILD
CONTRACTS
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MIS
GOVERNMENT SET UP MASS
TRANSIT ADVISER (MTA) TO:
• CO-ORDINATE BETWEEN MTRC & GOVERNMENT DEPARTMENTS
• FACILITATE TIMELY POLICY MAKING & ISSUE RESOLUTION
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MIS
DIFFERENT LEVEL OF COMMITTEES & WORKING
GROUPS:
• GOVERNMENT / MTR LIAISON COMMITTEE
• GOVERNMENT / MTR PUBLICITY COMMITTEE
• METRO PUBLIC RELATIONS POLICY GROUP
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MIS
• LAND ACQUISITION CO-ORDINATION COMMITTEE (LACC)
• STATION AND TRANSPORT INTEGRATION COMMITTEE
(STIC)
• SAFETY AND SECURITY CO-ORDINATION COMMITTEE
(SSCC)
• TRAFFIC MAMAGEMENT GROUP (TMG)
• UTILITIES CO-ORDINATION GROUP (UCG)
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INSPECTORATE OF RAILWAY
(UK)
• APPOINTED BY GOVERNMENT AS
ADVISER ON RAILWAY SAFETY
• PROVIDES INPUT DURING DESIGN
• INSPECTS RAILWAY SYSTEM
• RECOMMENDS OPENING
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MIS
SET UP IN-HOUSE PROJECT MANAGEMENT TEAM
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RE-UNION OF SOME MEMBERS OF PROJECT MANAGEMENT TEAM
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MIS
APPOINT CONSULTANTS
• FREEMAN FOX & PARTNERS – LEAD
• CHARLES HASWELL & PARTNERS (FE) - TUNNEL
• KAMPAX - PER HALL - IMMERSED TUBE
• KENNEDY & DONKIN INTERNATIONAL – E&M
• DESIGN & RESEARCH UNIT - ARCHITECTURAL
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IMPORTANCE OF PUBLIC RELATIONS
• OBSERVATION WINDOWS ON HOARDINGS
• GROWING FOR YOU
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MIS
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IMPORTANCE OF PUBLIC RELATIONS
• CEREMONIES OF COMMENCEMENT
& COMPLETION OF WORKS
30
MIS
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IMPORTANCE OF PUBLIC RELATIONS
PARTICIPANTS (STAKEHOLDERS) INCLUDE:
CORPORATION REPRESENTATIVES
CONTRACTORS
CONSULTANTS
GOVERNMENT OFFICIALS
LEGISLATORS
DISTRICT COUNCILLORS
LOCAL DIGNITARIES
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MIS
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IMPORTANCE OF PUBLIC RELATIONS
• PUBLICISING PROGRESS OF WORKS
• TEAM BUILDING
MIRANDA LEUNG
FORMER PUBLIC RELATIONS MANAGER
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MIS
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GROUNDBREAKING CEREMONY
BY CHAIRMAN SIR NORMAN THOMPSON
AT KWUN TONG 33
MIS
WORK STARTED
• NOVEMBER
1975
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MIS
• FIRST CHAIRMAN – SIR NORMAN THOMPSON
DIRECT ACCESS TO THE GOVERNOR
SIMPLE & CLEAR MESSAGES
• PROJECT MANAGER – HONG KONG &
SHANGHAI BANK HQ BUILDING
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MIS
FIRST M.D. – PROF TONY RIDLEY
M.D. – LONDON UNDERGROUND
MAJOR IMPROVEMENT TO THE SYSTEM
CO-M.D. - EUROTUNNEL
PROFESSOR – IMPERIAL COLLEGE LONDON
ICE PRESIDENT
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MIS
• GENERAL PUBLIC
– EXCITEMENT
– EXPECTATION
– DETERMINATION
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MIS
• GENERAL PUBLIC
HIGH DEGREE OF TOLERENCE
&
CO-OPERATION
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MIS
PROJECT MANAGEMENT APPROACH:
• QUICK DECISION-MAKING
• REGULAR MONITORING OF EFFECT OF CHANGES ON BUDGET & PROGRAMME
• APPROPRIATE DELEGATION OF AUTHORITY
• SHARE RISKS & BENEFITS WITH CONTRACTORS
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MIS
• BASED ON PROVEN TECHNOLOGY
• PROJECT MOTTO:
IF IT IS ESSENTIAL,
GET ON WITH IT.
IF IT IS DESIRABLE,
FORGET IT.
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MIS
GOVERNMENT
COMMUNITY MTRC
UNITY IN PURPOSE
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MIS
GROUND CONDITIONS
ALLUVIAL DEPOSITS
GRANITE (VARYING DEGREE OF
DECOMPOSITION)
HARD ROCK
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MIS
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STATION WALL CONSTRUCTION
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MIS
43
STATION CONSTRUCTION
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MIS
44
INSITU HORSESHOE TUNNEL
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MIS
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PRECAST CONCRETE TUNNEL
LINING
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SGI TUNNEL LINING
46
MIS
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NGAU TAU KOK STATION &
VIADUCT 47
MIS
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KOWLOON BAY DEPOT
48
MIS
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ADMIRALTY STATION
EXCAVATION 49
MIS
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IMMERSED TUBE CASTING
50
MIS
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MIS
51
IMT
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MIS
• FROM KWUN TONG TO CENTRAL
KWUN TONG TO SHEK KIP MEI
– OPERATIONAL ON 1 OCTOBER 1979
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MIS
• FROM KWUN TONG TO CENTRAL
KWUN TONG TO TSIM SHA TSUI
– OPERATIONAL ON 31 DECEMBER 1979
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MIS
• FROM KWUN TONG TO CENTRAL
KWUN TONG TO CENTRAL
– OPENED BY PRINCESS ALEXANDRA
ON 12 FEBRUARY 1980
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MIS
• FROM KWUN TONG TO CENTRAL
ON TIME AND WITHIN BUDGET
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MIS
ESTIMATED COST IN 1975 HK$ B
(INCL. 7% p.a. ESCALATION TO 1980) 5.8
CONSTRUCTION COST 5.6
INCL. INTEREST AND FINANCE COST S 7.3
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MIS
• NO SMOKING
• NO EATING
• NO DRINKING
• NO MUSIC/RADIO
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MIS
• CLEAN
• QUIET
• EFFICIENT
• RELIABLE
• AIR-CONDITIONED DAVID BARRACLOUGH
FORMER OPERATIONS DIRECTOR
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MIS
SUCCESS
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GROWTH
60
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FIRST HEADQUARTERS BUILDING 61
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TSUEN WAN LINE
BUILDING UP THE
COMPANY
62
ERIC BLACK
SECOND MD
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TSUEN WAN LINE
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• ENGINEER’S DESIGN
• CONTRACTOR’S ALTERNATIVE
PROPOSALS CONSIDERED &
ADOPTED
TSUEN WAN DEPOT
&
LUK YEUNG SUN CHUEN DEVELOPMENT 64
TWL
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LAI KING TO KWAI FONG
CROSS-OVER
65
TWL
• SET UP STRONG IN-HOUSE
PROFESSIONAL PROJECT
MANAGEMENT TEAM
• HANDS-ON STYLE
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TWL
• PROJECT TEAM RESPONSIBLE FOR:
FEASIBLITY STUDY
PROPOSAL TO GOVERNMENT
SPECIFICATION
APPOINTMENT OF CONSULTANTS
TENDERING
CONTRACT AWARD
DESIGN MANAGEMENT
CONSTRUCTION MANAGEMENT
TESTING & COMMISSIONING
HANDOVER TO OPERATIONS
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TWL
• TSUEN WAN LINE
– TSUEN WAN
TO CENTRAL
– OPERATIONAL
10 May 1982
(AHEAD OF PROGRAMME)
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68
TWL
ESTIMATED COST IN 1978 HK$ B
(INCL. ESCALATION TO 1982) 4.1
CONTRACT COSTS 3.7
CORPORATION COST
CONSULATANTS’ FEES
LAND ACQUISITION
COMPENSATION 0.7
FINAL CONSTRUCTION COST 3.9
INCL. INTEREST AND FINANCE COSTS 5.3
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ISL
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ISL
• ISLAND LINE
– CHAI WAN TO ADMIRALTY
31 MAY 1985
– CHAI WAN TO SHEUNG WAN
23 MAY 1986
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ESTIMATED TOTAL COSTS HK$ B
AT 1986 PRICES 10.9
(EXCL. INTEREST AND FINANCE
COSTS)
FINAL COST 10.0
INCL. INTEREST & 11.9
FINANCE COSTS
WILLIAM GREIG
FORMER PROJECTS DIRECTOR
71
ISL
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MORE CHALLENGING TIME
72
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ISL
• CHAIRMAN & CEO :
SIR WILFRID NEWTON STRENGTHENED CORPORATION’S FINANCE
LAID SOUND FOUNDATION FOR FUTURE
GROWTH
RE-ORGANISED HONG KONG STOCK
EXCHANGE AFTER MARKET COLLAPSE
BOARD MEMBER OF HONG KONG &
SHANGHAI BANKING CORPORATION (HSBC)
HON. FELLOW - HKIE
CHAIRMAN – LONDON TRANSPORT
OVERSAW JUBILEE LINE EXTENSION
CONSTRUCTION
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MTR
ARRIVAL & GROWTH OF MTR
COINCIDE WITH :
TRANSFORMATION OF HONG KONG
FROM REGIONAL CITY
TO INTERNATIONAL FINANCIAL CENTRE
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75
HONG KONG LEASE
• 99-YEAR LEASE EXPIRES ON 1 JULY 1997
• GOVERNMENT DEPENDS ON SALE OF LAND LEASES FOR REVENUE
• NEEDS TO KNOW ITS FUTURE
• NEGOTIATION BETWEEN LONDON & BEIJING
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HONG KONG LEASE
BRITISH PRIME MINISTER
VISITED BEIJING
OFFERED TO EXCHANGE
SOVEREIGNTY FOR ADMINSTRATION
76
MARGARET THATCHER
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77
HONG KONG LEASE
OFFER REJECTED BY CHINA
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78
HONG KONG LEASE
BUT AGREED TO:
• SET UP JOINT LIAISON COMMITTEE (JLC)
• CONTINUE NEGOTIATION
• MAINTAIN STABILITY & PROSPERITY OF
HONG KONG
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79
HONG KONG LEASE
• NEGOTIATION NOT GOING WELL
• UNCERTAINTY
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80
HONG KONG LEASE
• JITTERY & GLOOMY
• INVESTMENTS PUT ON HOLD
• STOCK MARKET CRASH
• PROPERTY BUBBLE BURST
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81
HONG KONG LEASE
HONG KONG DOLLAR PLUNGES
FROM AROUND HK$ 6 = US$ 1
TO
OVER HK$ 9 = US$ 1
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82
HONG KONG LEASE
PEOPLE RUSH TO SUPERMARKET
TO BUY :
RICE
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83
HONG KONG LEASE
PEOPLE RUSH TO SUPERMARKET
TO BUY :
RICE &
BABY’S POWDERED MILK
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84
HONG KONG LEASE
• CURRENCY PEG
HK$ 7.8 = US$ 1
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85
HONG KONG LEASE
ADVOCATE
JOHN GREENWOOD
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86
HONG KONG LEASE
• CALM THE CITY
• STOP PANIC
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87
August 2003 85
HONG KONG LEASE
• IN 1984 BRITAIN & CHINA SIGNED
JOINT DECLARATION ON FUTURE OF
HONG KONG
• CHINA TO REGAIN FULL SOVEREIGNTY
ON 1 JULY 1997
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88
HONG KONG LEASE
PROMISE TO HONG KONG PEOPLE
• HONG KONG PEOPLE GOVERN HONG KONG
• WITH HIGH DEGREE OF AUTONOMY
• ONE COUNTRY TWO SYSTEMS
• NO CHANGE FOR 50 YEARS
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89
HONG KONG LEASE
•ENSHRINED IN
BASIC LAW
•LODGED WITH
UNITED NATIONS
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90
HONG KONG LEASE
• CURRENCY PEG
HK$ 7.8 = US$ 1
• REMAINS TO THIS DAY
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91
MTRC
• BORROWING IN US$
• REVENUE IN HK$
• ADVERSE IMPACT BY
HIGH INTEREST RATE (12%)
DEVALUATION
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92
MTRC
• HONG KONG
GOVERNMENT TO
INCREASE EQUITY
(HK$ 2.5 B ISSUED, 2.5 B
ON CALL )
• SHIFT BORROWING TO BE
HK$ DENOMINATED
ROGER MOSS
FORMER FINANCE DIRECTOR
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MTRC
SECURED CREDIT RATING FROM
• MOODY
• S&P
ROAD SHOW TO TAP INTERNATIONAL BOND MARKET
• YANKEE BOND
• SAMURAI BOND
93
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94
MTRC
IN NO POSITION TO FINANCE NEW
EXTENSIONS ON ITS OWN
EXECUTIVE COMMITTEE
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95
EASTERN HARBOUR CROSSING
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EASTERN HARBOUR CROSSING
ENTRANCE 96
EHC
• Build Own Transfer PROJECT BY OTHERS
• LINKING KWUN TONG TO QUARRY BAY
• THIRD CROSS HARBOUR TUNNEL
CARRYING ROAD AND RAILWAY
• RAIL PORTION LEASED TO MTRC
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97
EHC
MTRC PAYS SEMI-ANNUAL INSTALMENTS FOR
18½ YEARS TOTALLING HK$ 2.6 B
OTHER CAPITAL INVESTMENT
INCL. ROLLING STOCKS 0.365 B
WILLIAM DONALD
FORMER OPERATIONS
DIRECTOR
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98
EHC
OPENED ON 1 OCTOBER 1989
PRINCE CHARLES SPEAKING TO
THOMAS LAI
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99
AFTER JOINT DECLARATION
• UNCERTAINTY REMOVED
• CONFIDENCE RETURNED
LIPPO CENTRE
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EMIGRATION
1989 JUNE 4 1989 INCIDENT
100
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EMIGRATION
101
BEIJING
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EMIGRATION
102
HONG KONG
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EMIGRATION
STOCK & PROPERTY MARKET
COLLAPSED
WAVE OF EMIGRATION
103
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EMIGRATION
MTRC
PROVIDENT FUND PAYOUT DEPENDED ON HANG
SENG SHARE INDEX AT END OF PREVIOUS
MONTH
FEAR OF FURTHER DEPRECIATION
STAFF RESIGNED TO CASH IN
AGGRAVATING STAFF LOSS 104
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EMIGRATION
CHANGED TO FINAL SALARY
SCHEME
STEMMED OUTFLOW
105
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CHECKERBOARD IN SIGHT
106
KAI TAK AIRPORT
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STEADY AS SHE GOES
107
KAI TAK AIRPORT
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DO YOUR WINDOW SHOPPING
BEFORE YOU LAND 108
KAI TAK AIRPORT
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SEE....I LAND IT ON THE ROOF
109
KAI TAK AIRPORT
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HARD RIGHT TURN AND DIVE
110
KAI TAK AIRPORT
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BUT LANDING ON THE
RUNWAY...... IS NOT ALWAYS
EASY 111
KAI TAK AIRPORT
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SOMETIMES.... ENDED UP IN THE
WATER 112
KAI TAK AIRPORT
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113
AIRPORT CORE PROJECTS
RELOCATE AIRPORT FROM KAI TAK TO CHEK LAP KOK
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114
AIRPORT CORE PROJECTS
• APPROVED BY BEIJING
& LONDON
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115
AIRPORT CORE PROJECTS
• OBJECTIVES:
– TO STIMULATE ECONOMY
– TO FACILITATE FUTURE GROWTH
– TO ELIMINATE AVIATION HAZARD
– TO BE COMPLETED IN TIME FOR HANDOVER
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116
ACP
• AIRPORT AT CHEK LAP KOK
• TSING MA BRIDGE
• LANTAU & AIRPORT RAILWAY
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117
ACP
• KAP SHUI MUN BRIDGE
• TING KAU BRIDGE
• HIGHWAYS
• RECLAMATIONS
• THIRD CROSS HARBOUR ROAD
TUNNEL (WESTERN HARBOUR CROSSING)
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118
ACP
• HK$ 127 BILLION £ 10 BILLION
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119
ACP
CHINA’S CONCERN:
• ROSE GARDEN PROJECT
• EMPTY TREASURY
• HIGH DEBT
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120
ACP
AGREEMENT REACHED TO:
• LEAVE HK$ 25 B MIN. IN TREASURY
• CAP GOVERNMENT BORROWING
AT HK$ 5 B UNLESS AGREED OTHERWISE
• CAP ANNUAL LAND SALE
NO MORE THAN 50 ha /year
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121
ACP
ESSENTIAL TO HAVE CHINA’S AGREEMENT AND SUPPORT
TO ASSURE INVESTORS
WRANGLING OVER FINANCIAL DATA DELAYED PROJECT
START
HAMISH MATHERS
FORMER CHAIRMAN
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122
ACP
JACK SO CHAK KWONG
FORMER CHAIRMAN & CEO
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123
ACP
AT TIME OF HANDOVER
ON 30 JUNE/1 JULY 1997
CHINESE PRESIDENT ARRIVED LAST BRITISH GOVERNOR LEFT
BY PLANE
AT THE NEW AIRPORT ON ROYAL YACHT BRITANNIA
JIANG JI MEN LORD PATTEN
•
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124
ACP
PROJECT COMPLETED IN 1998
Ir DOUGLAS OAKERVEE
PROJECT DIRECTOR HKIA
FORMER MTR PROJECT MANAGER
ICE PRESIDENT
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HONG KONG INTERNATIONAL
AIRPORT 125
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TSING MA BRIDGE
(ROAD + RAIL) 126
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127
LANTAU & AIRPORT LINE
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128
LAL
AIRPORT EXPRESS LINE (AEL)
AIRPORT – HONG KONG
23 MINUTES JOURNEY
IN-TOWN-CHECK-IN
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129
LAL
TUNG CHUNG LINE (ON SHARED TRACK WITH AEL)
TUNG CHUNG - HONG KONG
COMMUTER LINE
ALSO PROVIDES RELIEF
TO NATHAN ROAD CONGESTION
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130
LAL
FINANCIAL SUPPORT AGREEMENT (FSA)
WITH GOVERNMENT
• HK$ 23.7 B ADDITIONAL EQUITY BY GOVERNMENT
• 62 ha LAND FOR DEVELOPMENT
• DEFERRAL OF DIVIDENDS UNTIL 2001
• REVENUE DEFICIENCY PAYMENTS
(80% FOR NO MORE THAN 2 YEARS
IF DELAYED BY OTHERS)
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131
ACP
EXTENSIVE APPLICATION OF
VALUE ENGINEERING
INTRODUCE PARTNERING
RUSSELL BLACK
FORMER PROJECTS DIRECTOR
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NO MORE SLIDING SEATS
132
TUNG CHUNG LINE
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AEL TRAIN
133
AIRPORT EXPRESS
• SPACIOUS SEATING
• PLEASANT AMBIENCE
• BUSINESS CLASS COMFORT
FROM PLANE,
THROUGH TRAIN,
TO HOTEL
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134
LAL TCL
OPERATIONAL ON 22 JUNE 1998
AEL
OPERATIONAL ON 6 JULY 1998
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135
LAL
HK$ B
PROJECT COST 35.1
(INCLUDING CAPITALISED INTEREST)
FINANCED BY:
EQUITY 23.7
DEBT 11.4
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CONSOLIDATION
136
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137
TSEUNG KWAN O LINE
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138
TKL
• TSEUNG KWUN O LINE
– COMMUTER LINE
– FROM PO LAM TO NORTH POINT
– OPERATIONAL ON 17 AUGUST 2002
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TKL
I st JULY – 1997
ASIAN FINANCIAL CRISIS
MAJOR REVIEW OF THE
PROJECT
139
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140
TKL
INITIAL CAPITAL COST ESTIMATE HK$ B
INCL. CAPITALISED INTEREST 30.5
FINAL COST 16.0
HANG HAU STATION
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TKL
141
NORTH POINT CAVERN
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142
DISNEYLAND RESORT LINE
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143
DRL
• DISNEYLAND RESORT LINE
– FROM SUNNY BAY TO DISNEYLAND
– FULLY AUTOMATIC OPERATION
– OPERATIONAL ON
12 SEPTEMBER 2005
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144
ASIAWORLD-EXPO STATION
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145
ASIAWORLD-EXPO STATION
AIR STATION –
ASIAWORLD-EXPO
OPERATIONAL ON
20 DECEMBER 2005
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146
NGONG PING 360
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147
NGONG PING 360
SCHEDULED OPENING 24 JUNE 2006
OPERATIONAL 18 SEPT 2006
OFFICIAL OPENING 9 NOV 2006
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SUCCESS PROFILERATING
148
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149
MTRC
PROJECT MANAGEMENT
RAILWAY OPERATION
FINANCIAL EXPERTISE
TRAINING & DEVELOPMENT
PROPERTY
AUTOMATIC FARE COLLECTION
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150
MTRC
• INVEST HEAVILY IN STAFF TRAINING & DEVELOPMENT
• CORE VALUES :
CUSTOMER SERVICE
RESPECT FOR THE INDIVIDUAL
ON TIME AND WITHIN BUDGET
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151
MTRC
PROVIDES PROFESSIONAL
TRAINING SERVICES TO
OTHER RAILWAYS IN:
– MAINLAND CHINA
– SOUTHEAST ASIA
PHILP GAFFNEY
FORMER OPERATIONS DIRECTOR
LEN TURK
FORMER LEGAL DIRECTOR &
COMPANY SECRETARY
PATRICK MAULE
FORMER PERSONNEL DIRECTOR
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PROPERTY DEVELOPMENT
& MANAGEMENT
MAJOR GOVERNMENT POLICY ISSUES
TRANSPORT HOUSING
152
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153
PROPERTY DEVELOPMENT
& MANAGEMENT
• GOVERNMENT ALLOCATE LAND AT
FULL MARKET VALUE ALONG THE
RAILWAY FOR DEVELOPMENT
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154
PROPERTY DEVELOPMENT
& MANAGEMENT
• MAJOR & REPUTABLE
PROPERTY DEVELOPER AND MANAGER IN TOWN
• JOINT VENTURES
– RESIDENTIAL
– RETAIL
– OFFICES
– HOTEL
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155
PROPERTY DEVELOPMENT
& MANAGEMENT
• SUBSTANTIAL CONTRIBUTION
TOWARDS COST OF RAILWAY
• CAPTURED PASSENGERS
(FORMING PART OF 2.4 M DAILY
RIDERSHIP)
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156
PROPERTY DEVELOPMENT
& MANAGEMENT
PROCEEDS FROM DEVELOPMENTS HELP TO:
• KEEP FARES AT REASONABLE LEVEL
• MAINTAIN & EXTEND RAIL NETWORK
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157
PROPERTY DEVELOPMENT
& MANAGEMENT
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TELFORD GARDEN
158
PROPERTY DEVELOPMENT
& MANAGEMENT
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PROPERTY DEVELOPMENT
& MANAGEMENT
159
PARK VIEW
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PROPERTY DEVELOPMENT
& MANAGEMENT
160
CENTRAL STATION RETAIL
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PROPERTY DEVELOPMENT
& MANAGEMENT
161
TELFORD PLAZA
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MARITIME SQUARE
162
PROPERTY DEVELOPMENT
& MANAGEMENT
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PROPERTY DEVELOPMENT
& MANAGEMENT
163 ELEMENTS
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2IFC
164
2 INTERNATIONAL FINANCE CENTRE
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165
UNION SQUARE
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ICC
166
INTERNATIONAL COMMERCE CENTRE
• 118 FLOORS
• 490 METRES HIGH
• THIRD TALLEST
BUILDING IN THE
WORLD
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167
ICC
ICC
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GATEWAY TOWERS
168
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• PROPERTY OPEARATIONS
& MANAGEMENT
CHINA – BEIJING
169
GINZA MALL
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PROPERTY DEVELOPMENT
& MANAGEMENT
AS AT END 2012:
Investment properties
Hong Kong: 13 shopping malls + 18 floors at 2 IFC
Shops 212,612 sq.m )
Offices 40,969 sq.m ) 267,223sq.m
Other use 13,642 sq.m )
Mainland China: Ginza Mall
Shops 18,398 sq.m
Managed properties:
• 86,266 residential units in Hong Kong
• 764,725 sq.m commercial properties in Hong Kong
• 233,000 sq.m in Mainland China
170
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171
AUTOMATIC FARE COLLECTION
• ELECTRO-MAGNETIC CARD
• STORED VALUE CARD
• CONTACTLESS SMART CARD
ROB NOBLE
FORMER MARKETING & PLANNINGDIRECTOR
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172
AUTOMATIC FARE COLLECTION
ELECTRO-MAGNETIC CARD
• PLASTIC
• RE-USABLE
• NO LITTER
• ISSUED BY MACHINE / HAND
• FIXED VALUE
• ELECTRO-MAGNETIC
• SINGLE JOURNEY
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173
MIS
• NO SMOKING
• NO EATING
• NO DRINKING
• NO MUSIC/RADIO
• NO TICKET FLICKING
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174
AUTOMATIC FARE COLLECTION
STORED VALUE
• PLASTIC
• RE-USABLE
• NO LITTER
• ISSUED BY MACHINE / HAND
• FIXED VALUE
• ELECTRO-MAGNETIC
• MULTIPLE JOURNEYS
• UNRESTRICTED LAST JOURNEY
• ADVANCE REVENUE COLLECTION
• REDUCTION IN CASH HANDLING
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175
AFC
OCTOPUS CONTACTLESS SMART CARD
• PLASTIC
• ISSUED BY MACHINE / HAND
• RE-USABLE
• NO LITTER
• MULTIPLE JOURNEYS
• ADVANCE REVENUE
• RADIO FREQUENCY IDENTIFICATION (RFID)
• NO CONTACT AT TURNSTILE
• TOP UP VALUE
• FURTHER REDUCTION IN CASH HANDLING
• ACCEPTED BY BUSINESS PARTNERS
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176
OCTOPUS CONTACTLESS SMART CARD
• RELIABLE TICKETING
• LABOUR SAVING
• DATA FOR:
OPERATIONAL PLANNIN INCLUDING PRICING
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177
OCTOPUS CONTACTLESS SMART CARD
• FORERUNNER OF:
• EZ-LINK – SINGAPORE
• OYSTER CARD – LONDON
• EASYCARD - TAIPEI
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178
OCTOPUS CONTACTLESS SMART CARD
OTHER USES:
PUBLIC TRANSPORTS
CAR PARKS
ACCESS CONTROL TO BUILDINGS
CONFIRMATION OF STUDENTS’
ATTENDANCE AT SCHOOL
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OCTOPUS CONTACTLESS
SMART CARD
AS AT END OF JUNE 2012
• 12.1 MILLION DAILY TRANSACTIONS
• HK$ 123.9 MILLION PER DAY
• ADOPTED BY OVER 5000 SERVICE PROVIDERS
179
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180
MTR CORPORATION
AN OUTSTANDINGLY SUCCESSFUL
ENTERPRISE
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181
MTR CORPORATION LTD
LISTED ON THE HONG KONG
EXCHANGE
ON 5 OCTOBER 2000
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MERGER WITH KCRC
182
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183
MERGER
• HONG KONG GOVERNMENT ANNOUNCED
MERGER PROPOSAL BETWEEN MTRCL & KCRC
ON 11 APRIL 2006
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184
MERGER
• KCRC
• ORIGINALLY A GOVERNMENT DEPARTMENT
• TURNED INTO A WHOLLY GOVERNMENT
OWNED PUBLIC CORPORATION
• CHARGED TO OPERATE AND DEVELOP
DOMESTIC, CROSS-BOUNDARY AND INTERCITY
RAILWAY SERVICES
• IN A PRUDENT COMMERCIAL MANNER
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185
MERGER
KCRC
• OPERATES:
– EAST RAIL
– WEST RAIL
– LIGHT RAIL
– INTERCITY TO GUANGZHOU
– FREIGHT TO INTERIOR OF MAINLAND CHINA
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186
MERGER
KCRC
• PROPERTY DEVELOPMENT
&
MANAGEMENT
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187
MERGER
• HONG KONG GOVERNMENT ANNOUNCED MERGER PROPOSAL BETWEEN MTRCL & KCRC ON 11 APRIL 2006
• MTRCL SIGNED MEMORANDUM OF UNDERSTANDING (MOU) WITH HK GOVERNMENT
MICHAEL TIEN DR RAYMOND CH'IEN
FORMER CHAIRMAN KCRC CHAIRMAN MTRCL
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188
MERGER
MEET THE GOVERNMENT’S FIVE PARAMETERS
1. ADOPTION OF A MORE OBJECTIVE AND TRANSPARENT
FAM
2. ABOLITION OF THE SECOND BOARDING CHARGE & REVIEW FARE STRUCTURE TO REDUCE FARES
3. EARLY RESOLUTION OF INTERCHANGE ARRANGEMENTS FOR RAIL PROJECTS UNDER PLANNING, NOTABLY THE SHATIN TO CENTRAL LINK
4. ENSURE JOB SECURITY FOR FRONTLINE STAFF
5. PROVISION OF SEAMLESS INTERCHANGE ARRANGEMENTS IN THE LONG TERM
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MERGED
• COMPLETED ON
2 DECEMBER
2007
• 香港鐵路有限公司
189 ONE COMPANY ONE TEAM
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190
MERGED
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MERGED
• 211 Km ROUTE LENGTH
• 82 STATIONS
• 9 COMMUTER LINES
• AIRPORT EXPRESS
• LIGHT RAIL
• DISNEYLAND RESORT LINE
• FEEDER BUS SERVICE
• CABLE CAR
• INTERCITY PASSENGER SERVICE
• INTERCITY FREIGHT SERVICE
• 3 MILLION DAILY PASSENGERS 191
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MERGED
ONE COMPANY ONE TEAM
192
STAFF INTEGRATION WILLIAM CHAN
FORMER HUMAN RESOURCES DIRECTOR
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MTR CORPORATION LTD
GROWTH MOMENTUM
193
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194
MTRCL
EXPANSION
NEW VISION :
• TO BE A WORLD CLASS ENTERPRISE
• GROWING IN HONG KONG & BEYOND
• FOCUSING ON RAIL, PROPERTY &
RELATED BUSINESS
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195
MTRCL
• NEW MISSION :
• EXCELLENT VALUE FOR CUSTOMERS
• OPPORTUNITIES FOR STAFF
• DEVELOP RAILWAY NETWORK AS BACKBONE OF PUBLIC TRANSPORT IN HONG KONG
• GROW IN MAINLAND CHINA & CAPTURE OPPORTUNITIES IN EUROPE
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196
MTRCL
• NEW CORE VALUES :
EXCELLENT SERVICE
VALUE CREATION
MUTUAL RESPECT
ENTERPRISING SPIRIT
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BUSINESS OUTSIDE HONG KONG
197
COMPANY SHARE
BEIJING MTR CORPORATION LTD. (BJMTR) 49%
MTR CORPORATION ( SHENZHEN) LTD. (SZMTR) 100%
METRO TRAINS MELBOURNE PTY. LTD. (MTM) 60%
MTR STOCKHOLM AB (MTRS) 100%
TUNNELBANAN TEKNIK STOCKHOLM AB (TBT) 50%
LONDON OVERGROUND RAIL OPERATIONS LTD. (LOROL) 50%
MTR HANGZHOU LINE 1 INVESTMENT CO. LTD. 100%
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198
UK BUSINESS
LORO (MTR/LAING )
FRANCHISE TO OPERATE
LONDON ORBITAL RAILWAY
INITIALLY FROM
11 NOVEMBER 2007
FOR 7 YEARS
NOW EXTENDED TO 11 NOVEMBER 2016
SUCCESS
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199 199 199
UK BUSINESS
LOROL (MTR/DEUTSCHE BAHN)
ACTION ON DAY ONE
• OYSTER TICKETING SYSTEM
• NEW TICKETING MACHINES
• STATIONS GATED
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(MTR/DEUTSCHE BAHN)
• IMPROVEMENT IN:
1. SERVICE OPERATION
2. PUNCTUALITY
3. SAFETY
4. SECURITY
• TICKETLESS TRAVEL DOWN
• REVENUE UP
200 200
UK BUSINESS
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201 201 201
UK BUSINESS
(MTR/DEUTSCHE BAHN)
PROGRAMME FOR:
• CUSTOMER SERVICE TRAINING
• STATION CLEANING AND REPAIR
• STATION REFURBISHEMENT
• STATION REMODELLING
• NEW EXTENSIONS
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202 202 202
UK BUSINESS
(MTR/DEUTSCHE BAHN)
EAST LONDON LINE COMPLETED IN DECEMBER 2012
NOW OPERATES 57 STATIONS OVER 124 km
AROUND 400,000 PASSENGERS/DAY
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UK BUSINESS
• “….so gradually all suburban rail services in London
can be brought up to the standard of London
Overground.”
Ken Livingstone
Mayor of London
203
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UK BUSINESS
“London Overground has become a shining example
of how franchises can be run. With the network soon
to orbit our city, the London Overground's next five
years are sure to take the service to new heights.
Congratulations to all those
workers whose hard graft has
made this a success story.”
Boris Johnson
Mayor of London
204
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UK BUSINESS
9TH LONDON TRANSPORT AWARDS
LONDON TRANSPORT OPERATOR OF THE YEAR
(SECOND YEAR IN A ROW)
2012 METRORAIL AWARDS LONDON
WORLD’S MOST IMPROVED METRO
205
(MTR/DEUTSCHE BAHN)
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UK BUSINESS
206
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UK BUSINESS
207
AWARDED CROSSRAIL FRANCHISE
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CURRENT EXTENSION PROJECTS
208
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HONG KONG GOVERNMENT
INFRASTRUCTURE INVESTMENT
• 2007-2008 POLICY ADDRESS
ANNOUNCES TEN MAJOR
INFRASTRUCTURE PROJECTS
• ANNUAL EXPENDITURE OF
HK$ 50 BILLION (£ 4 BILLION)
IN COMING YEARS
209
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HONG KONG GOVERNMENT
INFRASTRUCTURE INVESTMENT
210
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HONG KONG GOVERNMENT
INFRASTRUCTURE INVESTMENT • Transport Infrastructure
1. South Island MTR Line
2. The Sha Tin to Central MTR Link
3. The Tuen Mun Western Bypass and Tuen Mun-Chek Lap Kok Link
• Cross-boundary Infrastructure Projects
4. The Guangzhou-Shenzhen-HK Express Rail Link
5. HK-Shenzhen Airport Co-operation
6. HK-Zhuhai-Macao Bridge
7. HK-Shenzhen Joint Development of the Lok Ma Chau Loop
• New Urban Development Areas
8. West Kowloon Cultural District
9. Kai Tak Development Plan
10. New Development Areas (NDAs)
211
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RAILWAY EXTENSIONS
212
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RAILWAY EXTENSIONS
213 SCL
JAY WALDER
CEO
TC CHIEW
PROJECTS DIRECTOR
CONSTRUCTION COMMENCED
IN JUNE 2012
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RAILWAY EXTENSIONS
EXTENSION PROJECT FUNDING
XRL SERVICE CONCESSION
(GOVERNMENT CAPITAL + MTRCL OPERATIONS)
WIL CAPITAL GRANT
KTE RAIL + PROPERTY
SCL SERVICE CONCESSION
SIL(E) RAIL + PROPERTY
214
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RAILWAY EXTENSIONS
XRL
PROGRAMME DELAY
BUDGET OVERRUN
CHANGE OF CE & PROJ DIRECTOR
215
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RAILWAY EXTENSIONS
WIL
HKU & KET OPENED 28 DECEMBER 2014
SYP OPERATIONAL 29 MARCH 2015
216
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RAILWAY EXTENSIONS
217 RAILWAY DEVELOPMENT STRATEGY 2000
(UPDATE)
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LISTENING & RESPONDING CORPORATION
218
用心聽 用心做
IMPROVED SERVICES
NEW INTEGRATED ENTRANCES
ENTRANCE UPGRADE
FACILITIES FOR THE PHYSICALLY IMPAIRED
RETROFITS - PLATFORM SIDE DOORS & TOILETS
NEW KIOSKS
NEW SINGNALLING SYSTEM
RAILWAY PROTECTION
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MTRCL
A STORY
OF
OUTSTANDING SUCCESS
KOWLOON BAY HQ BUILDING
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MTRCL
• PROFITABLE
0
2
4
6
8
10
12
14
16
Turnover
Operating profit before depreciation (after property development profit)
Net profit excluding investment property revaluation
HK$B
14.2
10.7
8.6
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MTRCL
221
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MTRCL
222
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223
MTRCL
CONSOLIDATED P & L A/C
(YEAR ENDED 31 December 2012) HK$ M
• REVENUE 35,759
• PROFIT ON PROPERTY DEVELOPMENTS 3,238
• OPERATING PROFIT BEFORE DEPRECIATION 16,321
• NET PROFIT ATTRIBUTABLE TO SHAREHOLDERS 13,532
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224
MTRCL
AS AT END 2012:
PATRONAGE ( million)
Yearly 1,771
Daily 4.7
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225
MTRCL
HONG KONG PEOPLE
ENGINEERS MTR STAFF
HAVE REASON TO BE PROUD
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IN THE EYES
of the
BBC
19 APRIL 2006