Mtr a success story 07.11.2011 v4
-
date post
20-Oct-2014 -
Category
Education
-
view
1.312 -
download
5
description
Transcript of Mtr a success story 07.11.2011 v4
©0
HONG KONG MASS TRANSIT RAILWAY
A SUCCESS STORY
PRESENTED BY
Ir Thomas S K LAICEng, MICE, MIStructE, MHKIE
Chairman HKIE UK CHAPTER
1
BIRTH & GROWTH OF
HONG KONG MASS TRANSIT RAILWAY
UP TO DATE
2
HONG KONG
• LOCATED AT THE PEARL RIVER
ESTUARY ON THE SOUTHERN
COAST OF CHINA
VICTORIA HARBOUR
3
HARBOUR FRONT
4
August 2003 77
5
STAR FERRY
August 2003 66
6
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
7
CULTURAL REVOLUTION
HONG KONG IN
CRISIS
8
CULTURAL REVOLUTION
HONG KONG IN
CRISIS
危 机
• Danger Opportunity
PUBLIC LIGHT BUS9
PLB
PLB
10
PLB
• AVAILABLE - FREQUENT SERVICE
• CONVENIENT - PASSENGERS HOP ON
AND OFF ANYWHERE ALONG ROUTE
• PREMIUM FOR SERVICE
• POPULAR WITH PASSENGERS
11
HONG KONG GOVERNMENT
•VIABILITY OF UNDERGROUND RAILWAY SYSTEM
•CONFIRMED BY CONSULTANT‟S FEASIBILITY STUDY
•1975 - MASS TRANSIT PROVISIONAL AUTHORITY
•1976 - MASS TRANSIT RAILWAY CORPORATION
MTRC
12
MTRC
THE MASS TRANIST RAILWAY
ORDINANCE
13
MTRC
• WHOLLY GOVERNMENT
OWNED ENTERPRISE
14
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
15
MTRC
HONG KONG GOVERNMENT PUTS IN
INITIAL EQUITY (HK$ 800 M)
MTRC BORROWS REST IN OPEN
MONEY MARKET
16
PREFERRED SYSTEM
INITIAL SYSTEM
LETTER OF INTENT SIGNED WITH JAPANESE
CONSORTIUM FOR THE INITIAL SYSTEM
(20 km) AS A SINGLE DESIGN & BUILD CONTRACT
17
INITIAL SYSTEM
OIL CRISIS
CONSORTIUM WITHDREW
18
19
MODIFIED INITIAL SYSTEM
MIS
(15.6 km)
25 CIVIL & 10 E&M
DESIGN AND BUILD
CONTRACTS
20
MIS
GOVERNMENT SET UP MASS
TRANSIT ADVISER (MTA) TO:
• CO-ORDINATE BETWEEN MTRC & GOVERNMENT DEPARTMENTS
• FACILITATE TIMELY POLICY MAKING & ISSUE RESOLUTION
21
MIS
DIFFERENT LEVEL OF COMMITTEES & WORKING
GROUPS:
• GOVERNMENT / MTR LIAISON COMMITTEE
• GOVERNMENT / MTR PUBLICITY COMMITTEE
• METRO PUBLIC RELATIONS POLICY GROUP
22
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)
23
INSPECTORATE OF RAILWAY
(UK)
• APPOINTED BY GOVERNMENT AS
ADVISER ON RAILWAY SAFETY
• PROVIDES INPUT DURING DESIGN
• INSPECTS RAILWAY SYSTEM
• RECOMMENDS OPENING
24
MIS
IMPORTANCE OF PUBLIC RELATIONS
• OBSERVATION WINDOWS ON HOARDINGS
• GROWING FOR YOU
25
MIS
IMPORTANCE OF PUBLIC RELATIONS
• CEREMONIES OF COMMENCEMENT
& COMPLETION OF WORKS
26
MISIMPORTANCE OF PUBLIC RELATIONS
PARTICIPANTS (STAKEHOLDERS) INCLUDE:
CORPORATION REPRESENTATIVES
CONTRACTORS
CONSULTANTS
GOVERNMENT OFFICIALS
LEGISLATORS
DISTRICT COUNCILLORS
LOCAL DIGNITARIES
27
MIS
IMPORTANCE OF PUBLIC RELATIONS
• TEAM BUILDING
• PUBLICISING PROGRESS OF WORKS
GROUNDBREAKING CEREMONY
BY CHAIRMAN SIR NORMAN THOMPSON
AT KWUN TONG28
MIS
WORK STARTED
• NOVEMBER
1975
29
MIS
• FIRST CHAIRMAN – SIR NORMAN THOMPSON
DIRECT ACCESS TO THE GOVERNOR
SIMPLE & CLEAR MESSAGES
• PROJECT MANAGER – HONG KONG &
SHANGHAI BANK HQ BUILDING
30
MIS
• FIRST M.D. – PROF. TONY RIDLEY
• M.D. – LONDON UNDERGROUND
MAJOR IMPROVEMENT TO THE SYSTEM
• PROFESSOR – IMPERIAL COLLEGE
LONDON
31
MIS
• HONG KONG PEOPLE
– EXCITEMENT
– EXPECTATION
– DETERMINATION
32
MIS
• HONG KONG PEOPLE
HIGH DEGREE OF TOLERENCE
&
CO-OPERATION
33
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
34
MIS
• BASED ON PROVEN TECHNOLOGY
• PROJECT MOTTO:
IF IT IS ESSENTIAL,
GET ON WITH IT.
IF IT IS DESIRABLE,
FORGET IT.
35
MIS
GOVERNMENT
COMMUNITY MTRC
UNITY IN PURPOSE
MIS
GROUND CONDITIONS
ALLUVIAL DEPOSITS
GRANITE (VARYING DEGREE OF
DECOMPOSITION)
HARD ROCK
36
MIS
37
STATION WALL CONSTRUCTION
MIS
38
STATION CONSTRUCTION
MIS
39
INSITU HORSESHOE TUNNEL
MIS
40
PRECAST CONCRETE TUNNEL
LINING
SGI TUNNEL LINING
41
MIS
NGAU TAU KOK STATION &
VIADUCT42
MIS
KOWLOON BAY DEPOT
43
MIS
ADMIRALTY STATION
EXCAVATION44
MIS
IMMERSED TUBE CASTING
45
MIS
MIS
46
IMT
47
MIS
• FROM KWUN TONG TO CENTRAL
KWUN TONG TO SHEK KIP MEI
– OPERATIONAL ON 1 OCTOBER 1979
48
MIS
• FROM KWUN TONG TO CENTRAL
KWUN TONG TO TSIM SHA TSUI
– OPERATIONAL ON 31 DECEMBER 1979
49
MIS
• FROM KWUN TONG TO CENTRAL
KWUN TONG TO CENTRAL
– OPENED BY PRINCESS ALEXANDRA
ON 12 FEBRUARY 1980
50
MIS
• FROM KWUN TONG TO CENTRAL
ON TIME AND WITHIN BUDGET
51
MIS
ESTIMATED COST IN 1975 HK$ B
(INCL. 7% p.a. ESCALATION TO 1980) 5.8
CONSTRUCTION COST 5.6
INCL. INTEREST AND FINANCE COSTS 7.3
52
MIS
• NO SMOKING
• NO EATING
• NO DRINKING
• NO MUSIC/RADIO
53
MIS
• CLEAN
• QUIET
• EFFICIENT
• RELIABLE
• AIR-CONDITIONED
54
MIS
SUCCESS
55
TSUEN WAN LINE
LAI KING TO KWAI FONG VIADUCT
56
TWL
• ENGINEER‟S DESIGN
• CONTRACTOR‟S ALTERNATIVE
PROPOSALS CONSIDERED &
ADOPTED
LAI KING TO KWAI FONG
CROSS-OVER
57
TWL
• SET UP STRONG IN-HOUSE
PROFESSIONAL PROJECT
MANAGEMENT TEAM
• HANDS-ON STYLE
58
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
59
TWL
• TSUEN WAN LINE
– TSUEN WAN
TO CENTRAL
– OPERATIONAL
10 May 1982
(AHEAD OF PROGRAMME)
60
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
61
ISL
62
ISL
• ISLAND LINE
– CHAI WAN TO ADMIRALTY
31 MAY 1985
– CHAI WAN TO SHEUNG WAN
23 MAY 1986
FORTESS HILL STATION
63
ISL
ESTIMATED TOTAL COSTS HK$ B
AT 1986 PRICES 10.9
(EXCL. INTEREST AND FINANCE
COSTS)
FINAL COST 10.0
INCL. INTEREST AND FINANCE COSTS 11.9
64
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
DIRECTOR OF HONG KONG & SHANGHAI
BANKING CORPORATION (HSBC)
HON. FELLOW - HKIE
CHAIRMAN – LONDON TRANSPORT
OVERSAW JUBILEE LINE EXTENSION
CONSTRUCTION
65
MTR
ARRIVAL & GROWTH OF MTR
COINCIDE WITH :
TRANSFORMATION OF HONG KONG
FROM REGIONAL CITY
TO INTERNATIONAL FINANCIAL CENTRE
66
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
67
HONG KONG LEASE
• BRITISH PRIME MINISTER VISITED BEIJING
• OFFER TO EXCHANGE SOVEREIGNTY FOR ADMINSTRATION
• OFFER REJECTED BY CHINA
68
HONG KONG LEASE
BUT AGREED TO:
• SET UP JOINT LIAISON COMMITTEE (JLC)
• CONTINUE NEGOTIATION
• MAINTAIN STABILITY & PROSPERITY OF
HONG KONG
69
HONG KONG LEASE
• NEGOTIATION NOT GOING WELL
• UNCERTAINTY
70
HONG KONG LEASE
• JITTERY & GLOOMY
• INVESTMENTS PUT ON HOLD
• STOCK MARKET CRASH
• PROPERTY BUBBLE BURST
71
HONG KONG LEASE
HONG KONG DOLLAR PLUNGES
FROM AROUND HK$ 6 = US$ 1
TO
OVER HK$ 9 = US$ 1
72
HONG KONG LEASE
PEOPLE RUSH TO SUPERMARKET
TO BUY :
RICE
73
HONG KONG LEASE
PEOPLE RUSH TO SUPERMARKET
TO BUY :
RICE &
BABY‟S POWDERED MILK
74
HONG KONG LEASE
• CURRENCY PEG
HK$ 7.8 = US$ 1
75
HONG KONG LEASE
• CALM THE CITY
• STOP PANIC
76
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
77
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
78
HONG KONG LEASE
•ENSHRINED IN
BASIC LAW
•LODGED WITH
UNITED NATIONS
79
HONG KONG LEASE
• CURRENCY PEG
HK$ 7.8 = US$ 1
• REMAINS TO THIS DAY
80
MTRC
• BORROWING IN US$
• REVENUE IN HK$
• ADVERSE IMPACT BY
HIGH INTEREST RATE (12%)
DEVALUATION
81
MTRC
• HONG KONG GOVERNMENT TO
INCREASE EQUITY
(HK$ 2.5 B ISSUED, 2.5 B ON CALL )
• SHIFT BORROWING TO BE
HK$ DENOMINATED
82
MTRC
• IN NO POSITION TO FINANCE NEW
EXTENSIONS
83
EASTERN HARBOUR
CROSSING
EASTERN HARBOUR CROSSING
ENTRANCE84
EHC
• BOT PROJECT BY OTHERS
• LINKING KWUN TONG TO QUARRY BAY
• THIRD CROSS HARBOUR TUNNEL
CARRYING ROAD AND RAILWAY
• RAIL PORTION LEASED TO MTRC
85
EHC
MTRC PAYS SEMI-ANNUAL INSTALMENTS FOR
18½ YEARS TOTALLING HK$ 2.6 B
OTHER CAPITAL INVESTMENT
INCL. ROLLING STOCKS 0.365 B
IMMERSED TUBE CASTING
86
EHC
OPENED BY PRINCE OF WALES
ON 1 OCTOBER 1989
87
AFTER JOINT DECLARATION
• UNCERTAINTY REMOVED
• CONFIDENCE RETURNED
LIPPO CENTRE
CHECKERBOARD IN SIGHT
88
KAI TAK AIRPORT
STEADY AS SHE GOES
89
KAI TAK AIRPORT
DO YOUR WINDOW SHOPPING
BEFORE YOU LAND90
KAI TAK AIRPORT
SEE....I LAND IT ON THE ROOF
91
KAI TAK AIRPORT
HARD RIGHT TURN AND DIVE
92
KAI TAK AIRPORT
BUT LANDING ON THE
RUNWAY...... IS NOT ALWAYS
EASY93
KAI TAK AIRPORT
SOMETIMES.... ENDED UP IN THE
WATER94
KAI TAK AIRPORT
95
AIRPORT CORE PROJECTS
RELOCATE AIRPORT FROM KAI TAK TO CHEK LAP KOK
96
AIRPORT CORE PROJECTS
• APPROVED BY BEIJING
& LONDON
97
AIRPORT CORE PROJECTS
• OBJECTIVES:
– TO STIMULATE ECONOMY
– TO FACILITATE FUTURE GROWTH
– TO ELIMINATE AVIATION HAZARD
– TO BE COMPLETED IN TIME FOR HANDOVER
98
ACP
• AIRPORT AT CHEK LAP KOK
• TSING MA BRIDGE
• LANTAU & AIRPORT RAILWAY
99
ACP
• KAP SHUI MUN BRIDGE
• TING KAU BRIDGE
• HIGHWAYS
• RECLAMATIONS
• THIRD CROSS HARBOUR ROAD
TUNNEL (WESTERN HARBOUR CROSSING)
100
ACP
• HK$ 127 BILLION £ 10 BILLION
101
ACP
CHINA‟S CONCERN:
• ROSE GARDEN PROJECT
• EMPTY TREASURY
• HIGH DEBT
102
ACPAGREEMENT 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
103
ACP
• ESSENTIAL TO HAVE CHINA‟S
AGREEMENT AND SUPPORT TO
ASSURE INVESTORS
• WRANGLING OVER FINANCIAL DATA
DELAYED PROJECT START
104
ACP
AT TIME OF HANDOVER
ON 30 JUNE/1 JULY 1997
• CHINESE PRESIDENT ARRIVED BY PLANE AT THE NEW AIRPORT
• LAST BRITISH GOVERNOR LEFT ON ROYAL YACHT BRITANNIA
105
ACP
PROJECT COMPLETED IN 1998
HONG KONG INTERNATIONAL
AIRPORT106
TSING MA BRIDGE
(ROAD + RAIL)107
108
LANTAU & AIRPORT LINE
109
LAL
AIRPORT EXPRESS LINE(AEL)
AIRPORT – HONG KONG
23 MINUTES JOURNEY
IN-TOWN-CHECK-IN
110
LAL
TUNG CHUNG LINE(ON SHARED TRACK WITH AEL)
TUNG CHUNG - HONG KONG
COMMUTER LINE
ALSO PROVIDES RELIEF
TO NATHAN ROAD CONGESTION
111
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)
112
LAL
• EXTENSIVE APPLICATION OF
VALUE ENGINEERING
• INTRODUCE PARTNERING
NO MORE SLIDING SEATS
113
TUNG CHUNG LINE
AEL TRAIN
114
AIRPORT EXPRESS
• SPACIOUS SEATING
• PLEASANT AMBIENCE
• BUSINESS CLASS COMFORT
FROM PLANE,
THROUGH TRAIN,
TO HOTEL
115
LALTCL
OPERATIONAL ON 22 JUNE 1998
AEL
OPERATIONAL ON 6 JULY 1998
116
LAL
HK$ B
PROJECT COST 35.1
(INCLUDING CAPITALISED INTEREST)
FINANCED BY:
EQUITY 23.7
DEBT 11.4
117
TSEUNG KWAN O LINE
118
TKL
• TSEUNG KWUN O LINE
– COMMUTER LINE
– FROM PO LAM TO NORTH POINT
– OPERATIONAL ON 17 AUGUST 2002
TKL
I st JULY – 1997
ASIAN FINANCIAL CRISIS
MAJOR REVIEW OF THE
PROJECT
119
120
TKL
INITIAL CAPITAL COST ESTIMATE HK$ B
INCL. CAPITALISED INTEREST 30.5
FINAL COST 16.0
HANG HAU STATION
TKL
121
NORTH POINT CAVERN
122
DISNEYLAND RESORT LINE
123
DISNEYLAND RESORT LINE
124
DRL
• DISNEYLAND RESORT LINE
– FROM SUNNY BAY TO DISNEYLAND
– OPERATIONAL ON
12 SEPTEMBER 2005
125
ASIAWORLD-EXPO STATION
126
ASIAWORLD-EXPO STATION
127
ASIAWORLD-EXPO STATION
AIR STATION –
ASIAWORLD-EXPO
OPERATIONAL ON
20 DECEMBER 2005
128
NGONG PING 360
129
NGONG PING 360
130
NGONG PING 360
131
NGONG PING 360
132
NGONG PING 360
AIRPORT ISLAND STATION TUNG CHUNG TERMINAL
133
NGONG PING 360
• MATERIAL DELIVERY
– HELICOPTERS
– MULES
134
NGONG PING 360
SCHEDULED OPENING 24 JUNE 2006
OPERATIONAL 18 SEPT 2006
OFFICIAL OPENING 9 NOV 2006
NGONG PING 360
OPERATION SUSPENDED 11 JUNE 2007
OPERATION RESUMED 31 DEC 2007
SUBSIDIARY COMPANY SET UP TO
MANAGE & OPERATE THE SYSTEM
135
136
MTR CORPORATION
AN OUTSTANDINGLY SUCCESSFUL
ENTERPRISE
137
MTRC
SUCCESSES PROFILERATING
PROJECT MANAGEMENT
RAILWAY OPERATION
FINANCIAL EXPERTISE
TRAINING & DEVELOPMENT
PROPERTY
AUTOMATIC FARE COLLECTION
138
MTRC
• INVEST HEAVILY IN STAFF TRAINING & DEVELOPMENT
• CORE VALUES :
CUSTOMER SERVICE
RESPECT FOR THE INDIVIDUAL
ON TIME AND WITHIN BUDGET
139
MTRC
• PROVIDES PROFESSIONAL
TRAINING SERVICES TO OTHER
RAILWAYS IN:
– MAINLAND CHINA
– SOUTHEAST ASIA
140
PROPERTY DEVELOPMENT
& MANAGEMENT
• GOVERNMENT ALLOCATE LAND AT
FULL MARKET VALUE ALONG THE
RAILWAY FOR DEVELOPMENT
141
PROPERTY DEVELOPMENT
& MANAGEMENT
• MAJOR & REPUTABLE PROPERTY DEVELOPER AND MANAGER IN TOWN
• JOINT VENTURES
– RESIDENTIAL
– RETAIL
– OFFICES
– HOTEL
142
PROPERTY DEVELOPMENT
& MANAGEMENT
• SUBSTANTIAL CONTRIBUTION
TOWARDS COST OF RAILWAY
• CAPTURED PASSENGERS
(FORMING PART OF 2.4 M DAILY
RIDERSHIP)
143
PROPERTY DEVELOPMENT
& MANAGEMENT
PROCEEDS FROM DEVELOPMENTS HELP TO:
• KEEP FARES AT REASONABLE LEVEL
• MAINTAIN & EXTEND RAIL NETWORK
144
PROPERTY DEVELOPMENT
& MANAGEMENT
TELFORD GARDEN
145
PROPERTY DEVELOPMENT
& MANAGEMENT
PROPERTY DEVELOPMENT
& MANAGEMENT
146
PARK VIEW
PROPERTY DEVELOPMENT
& MANAGEMENT
147
CENTRAL STATION RETAIL
PROPERTY DEVELOPMENT
& MANAGEMENT
148
TELFORD PLAZA
MARITIME SQUARE
149
PROPERTY DEVELOPMENT
& MANAGEMENT
PROPERTY DEVELOPMENT
& MANAGEMENT
150ELEMENTS
2IFC
151
2 INTERNATIONAL FINANCE
CENTRE
152
UNION SQUARE
ICC
153
INTERNATIONAL COMMERCE
CENTRE
• 118 FLOORS
• 490 METRES HIGH
• THIRD TALLEST
BUILDING IN THE
WORLD
154
ICC
ICC
GATEWAY TOWERS
155
• PROPERTY OPEARATIONS
& MANAGEMENT
CHINA – BEIJING
156
GINZA MALL
PROPERTY DEVELOPMENT
& MANAGEMENT
AS AT END 2010:
Investment properties :
• 12 shopping malls + 18 floors at 2 IFC
• 277,942 sq.m in Hong Kong
Managed properties:
• 81,962 residential units in Hong Kong
• 744,214 sq.m commercial properties in Hong Kong
• 776,402 sq.m in Mainland China157
158
AUTOMATIC FARE COLLECTION
• ELECTRO-MAGNETIC CARD
• STORED VALUE CARD
• CONTACTLESS SMART CARD
159
AUTOMATIC FARE COLLECTION
ELECTRO-MAGNETIC CARD
• PLASTIC
• RE-USABLE
• NO LITTER
• ISSUED BY MACHINE / HAND
• FIXED VALUE
• ELECTRO-MAGNETIC
• SINGLE JOURNEY
160
MIS• NO SMOKING
• NO EATING
• NO DRINKING
• NO MUSIC/RADIO
• NO TICKET FLICKING
161
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
162
AUTOMATIC FARE COLLECTION
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
163
OCTOPUS CONTACTLESS
SMART CARD
• RELIABLE TICKETING
• LABOUR SAVING
• DATA FOR:
OPERATIONAL PLANNIN INCLUDING PRICING
164
OCTOPUS CONTACTLESS
SMART CARD
• FORERUNNER OF:
• EZ-LINK – SINGAPORE
• OYSTER CARD – LONDON
• EASYCARD - TAIPEI
165
OCTOPUS CONTACTLESS
SMART CARD
OTHER USES:
PUBLIC TRANSPORTS
CAR PARKS
ACCESS CONTROL TO BUILDINGS
CONFIRMATION OF STUDENTS‟
ATTENDANCE AT SCHOOL
OCTOPUS CONTACTLESS
SMART CARD
AT END OF JUNE 2011:
• 24.3 MILLION CARDS ISSUED (18.7 MILLION ACTIVE)
• 11.7 MILLION DAILY TRANSACTIONS
• HK$ 112.7 MILLION PER DAY
• ADOPTED BY OVER 3000 SERVICE PROVIDERS
166
167
MTR CORPORATION LTD
LISTED ON THE HONG KONG
EXCHANGE
ON 5 OCTOBER 2000
168
MTRCL
EXPANSION
NEW VISION :
• TO BE A WORLD CLASS ENTERPRISE
• GROWING IN HONG KONG & BEYOND
• FOCUSING ON RAIL, PROPERTY &
RELATED BUSINESS
169
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
170
MTRCL
• NEW CORE VALUES :
EXCELLENT SERVICE
VALUE CREATION
MUTUAL RESPECT
ENTERPRISING SPIRIT
171
MERGER
• HONG KONG GOVERNMENT ANNOUNCED
MERGER PROPOSAL BETWEEN MTRCL & KCRC
ON 11 APRIL 2006
172
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
173
MERGER
KCRC
• OPERATES:
– EAST RAIL
– WEST RAIL
– LIGHT RAIL
– INTERCITY TO GUANGZHOU
– FREIGHT TO INTERIOR OF MAINLAND CHINA
174
MERGER
KCRC
• PROPERTY DEVELOPMENT
&
MANAGEMENT
175
MERGER
• HONG KONG GOVERNMENT ANNOUNCED MERGER PROPOSAL BETWEEN MTRCL & KCRC ON 11 APRIL 2006
• MTRCL SIGNED MEMORANDUM OF UNDERSTANDING (MOU) WITH HK GOVERNMENT
176
MERGER
MOU PROVIDES FOR:
• REDUCED FARE
• ABOLITION OF SECOND BOARDING CHARGE
• FURTHER DISCOUNTS FOR MEDIUM & LONG DISTANCE JOURNEYS
• INTRODUCTION OF AN OBJECTIVE, TRANSPARENT & PREDICTABLE FARE ADJUSTMENT MECHANISM (FAM)
• FULLY INTEGRATED INTERCHANGE STATIONS FOR SHATIN TO CENTRAL LINK
• IMPROVEMENT ON EXISTING INTERCHANGE ARRANGEMENTS IN THE SHORT TERM
• PROVISION OF SEAMLESS INTERCHANGE ARRANGEMENTS WITH FUTURE EXTENSIONS
177
MERGER
MOU PROVIDES FOR
• JOB SECURITY FOR ALL FRONTLINE STAFF
178
MERGER
DEAL TERMS
• PROVIDE A BALANCED PACKAGE FAIR TO ALL
STAKEHOLDERS
179
MERGERDEAL TERMS
• ACQUISITION OF RENEWABLE OPERATIONAL RIGHT OF
KCR FOR 50 YEARS
– UPFRONT PAYMENT OF HK$4.25 BILLION FOR SERVICE
CONCESSION AND TO PURCHASE CERTAIN RAIL ASSETS
– HK$7.79 BILLION FOR A PROPERTY PACKAGE
– FIXED ANNUAL PAYMENT OF HK$750 MILLION
– VARIABLE ANNUAL PAYMENT BASED ON REVENUES
GENERATED FROM KCR‟S RAIL AND RAIL-RELATED
OPERATIONS
• EXPECTED TO BE EPS & NPV ACCRETIVE FOR MTRCL
180
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
181
MERGER
BENEFITS
• SYNERGY
• ECONOMIES OF SCALE
• COST EFFICIENCY
• INTEGRATED RAIL SYSTEM
182
MERGER
TRANSITION - ONE YEAR OR MORE
SHARE PRICE JUMPED 5.3%
(FROM HK$19 TO 20)
RAIL MERGER BILL APPROVED BY LegCo
on 8 JUNE 2007
OUTLOOK - BRIGHT
MERGED
• COMPLETED ON
2 DECEMBER
2007
• 香港鐵路有限公司
183ONE COMPANY ONE TEAM
184
MERGED
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 PASSENGERS185
MERGED
• ONE COMPANY, ONE TEAM
186STAFF INTEGRATION
MTR CORPORATION LTD
GROWTH MOMENTUM
187
DUBAI
188
DUBAI
189
METRO & AIRPORT LINES
DUBAI
CONSULTANCY
TO REVIEW DESIGN PROPOSALS IN
RESPECT OF :
OPERATION &
MAINTENANCE
190
VIADUCT CONSTRUCTION
INDIA
Delhi Airport Metro
Express Line
(AMEL)
• Major engineering &
project management
contract191
192
UK BUSINESS
BIDS
193
UK BUSINESS
LORO (MTR/LAING )
FRANCHISE TO OPERATE
NORTH & EAST LONDON
OVERGROUND LINES
FROM 11 NOVEMBE 2007
FOR 7 YEARS
WITH OPTION FOR 2 FURTHER YEARS
SUCCESS
194194194
UK BUSINESS
LOROL (MTR/DEUTSCHE BAHN)
ACTION ON DAY ONE
• OYSTER TICKETING SYSTEM
• NEW TICKETING MACHINES
• STATIONS GATED
195195
UK BUSINESS
(MTR/DEUTSCHE BAHN)
• IMPROVEMENT IN:
1. SERVICE OPERATION
2. PUNCTUALITY
3. SAFETY
4. SECURITY
• TICKETLESS TRAVEL DOWN
• REVENUE UP
196196196
UK BUSINESS
(MTR/DEUTSCHE BAHN)
PROGRAMME FOR:
• CUSTOMER SERVICE TRAINING
• STATION CLEANING AND REPAIR
• STATION REFURBISHEMENT
• STATION REMODELLING
• NEW EXTENSIONS
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
197
(MTR/DEUTSCHE BAHN)
EUROPE BUSINESS
STOCKHOLM UNDERGROUND
TOOK OVER OPERATION 2 NOVEMBER 2009
(FOR 8 YEARS MINIMUM)
198
AUSTRALIAN BUSINESS
METRO TRAINS MELBOURNE
TOOK OVER OPERATION ON 30 NOVEMBER 2009
(FOR INITIAL PERIOD OF 8 YEARS)
199
200
CHINA BUSINESS
201
CHINA BUSINESS
SHANGHAI
TOGETHER WITH ITS JOINT VENTURE PARTNER,
APPOINTED AS:
OWNER‟S REPRESENTATIVE TO PROJECT MANAGE
DESIGN AND CONSTRUCTION OF LINE 9
OWNER‟S ADVISOR OF LINE 8 & LINE 11
202
CHINA BUSINESS
BEIJING LINE 4
– INITIALLED IN FEBRUARY 2005
– COMPANY FORMED IN JANUARY 2006
– AGREEMENT SIGNED ON 12 APRIL 2006
203
CHINA BUSINESS
BEIJING LINE 4
– PPP
– 30-YEAR CONCESSION AGREEMENT WITH BEIJING
MUNICIPAL GOVERNMENT
– FOR INVESTMENT, CONSTRUCTION & OPERATION
OPENED 28 SEPTEMBER 2009
DAXING LINEOPENED 30 DECEMBER 2010
204
CHINA BUSINESS
SHENZHEN LINE 4
– 30-YEAR BOT PROJECT
– CONCESSION AGREEMENT WITH SHENZHEN MUNICIPAL GOVERNMENT
– „RAIL + PROPERTY‟
– INITIALLED IN MAY 2005
– PHASE 1 TAKEN OVER 01 JULY 2010
– PHASE 2 OPENED 16 JUNE 2011
BUSINESS OUTSIDE HONG KONG
205
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%
206
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
MTRCL
207
MTRCL
208
209
MTRCLCONSOLIDATED P & L A/C
(YEAR ENDED 31 December 2010) HK$ M
• REVENUE 29,500
• PROFIT ON PROPERTY DEVELOPMENTS 4,034
• OPERATING PROFIT BEFORE DEPRECIATION 10,917
• NET PROFIT ATTRIBUTABLE TO SHAREHOLDERS 12,059
210
MTRCL
AS AT END 2010:
PATRONAGE ( million)
Yearly 1,564
Daily 4.5
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
211
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 KokLink
• 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) 212
213
RAILWAY EXTENSIONS
RAILWAY EXTENSIONS
214XRL
RAILWAY EXTENSIONS
215WIL
RAILWAY EXTENSIONS
216KTE
RAILWAY EXTENSIONS
217SCL
RAILWAY EXTENSIONS
218SIL(E)
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
219
220
RAILWAY BUILDING
& MANAGEMENT
FEASIBILITY
IDENTIFY TRANSPORT NEEDS
FEASIBILITY STUDY
ROUTE PROTECTION
PROPOSAL TO GOVERNMENT
221
RAILWAY BUILDING
& MANAGEMENT
PRE-CONTRACT
PREPARATION OF CONTRACT DOCUMENTS
DESIGN STANDARDS MANUAL
MATERIALS & WORKMANSHIP SPECIFICATION
CONDITIONS OF CONTRACT
BILLS OF QUANTITIES
APPOINTMENT OF CONSULTANTS
TENDERING
CONTRACT AWARD
222
RAILWAY BUILDING
& MANAGEMENT
CONSTRUCTION
DESIGN MANAGEMENT
CONSTRUCTION MANAGEMENT
PROTECTION OF ADJACENT PROPERTIES
TESTING & COMMISSIONING
APPROVAL BY RAILWAY INSPECTORATE
HANDOVER TO OPERATIONS
223
IN SERVICE IMPROVEMENTS:
NEW INTEGRATED ENTRANCES
ENTRANCE UPGRADE
RETROFITS - PLATFORM SCREEN DOORS
FACILITIES FOR THE PHYSICALLY IMPAIRED
KIOSKS
CONDITION MONITORING
MAINTENANCE
RAILWAY PROTECTION
RAILWAY BUILDING
& MANAGEMENT
224
MTRCL
A STORY
OF
OUTSTANDING SUCCESS
225
MTRCL
HONG KONG PEOPLE
ENGINEERS MTR STAFF
HAVE REASON TO BE PROUD
This presentation is dedicated to :
All my friends
Especially those of the MTR
226
227
228
BBC NEWS
19 APRIL 2006