Mtr a success story (staff)

©1

HONG KONG MASS TRANSIT RAILWAY

A SUCCESS STORY

PRESENTED

BY

Ir Thomas S K LAICEng, MICE, MIStructE, MHKIE

Chairman HKIE UK CHAPTER

75th ANNIVERSARY OF THE HONG KONG POLYTECHNIC UNIVERSITY

2

BIRTH & GROWTH OF

HONG KONG MASS TRANSIT RAILWAY

UP TO DATE

BEAUTIFUL HONG KONG

3

4

HONG KONG

• LOCATED AT THE PEARL RIVER ESTUARY ON THE SOUTHERN COAST OF CHINA

VICTORIA HARBOUR

5

HARBOUR FRONT

6

August 2003 77

7

STAR FERRY

August 2003 66

CHALLENGING BIRTH

8

9

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

10

CULTURAL REVOLUTION

HONG KONG IN

CRISIS

11

CULTURAL REVOLUTION

HONG KONG IN

CRISIS

危机• Danger Opportunity

PUBLIC LIGHT BUS12

PLB

PLB

13

PLB

• AVAILABLE - FREQUENT SERVICE

• CONVENIENT - PASSENGERS HOP ON AND OFF ANYWHERE ALONG ROUTE

• PREMIUM FOR SERVICE

• POPULAR WITH PASSENGERS

14

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

15

MTRC

THE MASS TRANIST RAILWAY ORDINANCE

16

MTRC

• WHOLLY GOVERNMENT OWNED ENTERPRISE

17

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

18

MTRC

HONG KONG GOVERNMENT PUTS IN INITIAL EQUITY (HK$ 800 M)

MTRC BORROWS REST IN OPEN MONEY MARKET

19

PREFERRED SYSTEM

INITIAL SYSTEM

LETTER OF INTENT SIGNED WITH JAPANESE CONSORTIUM FOR THE INITIAL SYSTEM

(20 km) AS A SINGLE DESIGN & BUILD CONTRACT

20

INITIAL SYSTEM

OIL CRISIS

JAPANESE CONSORTIUM WITHDREW

21

22

MODIFIED INITIAL SYSTEM

MIS (15.6 km)

25 CIVIL & 10 E&M

DESIGN AND BUILD PACKAGES

23

MIS

GOVERNMENT SET UP MASSTRANSIT ADVISER (MTA) TO:

• CO-ORDINATE BETWEEN MTRC & GOVERNMENT DEPARTMENTS

• FACILITATE TIMELY POLICY MAKING & ISSUE RESOLUTION

24

MIS

DIFFERENT LEVEL OF COMMITTEES & WORKING GROUPS:

• GOVERNMENT / MTR LIAISON COMMITTEE

• GOVERNMENT / MTR PUBLICITY COMMITTEE

• METRO PUBLIC RELATIONS POLICY GROUP

25

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)

26

INSPECTORATE OF RAILWAY (UK)

• APPOINTED BY GOVERNMENT AS ADVISER ON RAILWAY SAFETY

• PROVIDES INPUT DURING DESIGN

• INSPECTS RAILWAY SYSTEM

• RECOMMENDS OPENING

IMPORTANCE OF PUBLIC RELATIONS

• OBSERVATION WINDOWS ON HOARDINGS

• GROWING FOR YOU

27

MIS


• CEREMONIES OF COMMENCEMENT

& COMPLETION OF WORKS

28

MIS


PARTICIPANTS (STAKEHOLDERS) INCLUDE:

CORPORATION REPRESENTATIVESCONTRACTORSCONSULTANTSGOVERNMENT OFFICIALSLEGISLATORSDISTRICT COUNCILLORSLOCAL DIGNITARIES

29

MIS


• TEAM BUILDING

• PUBLICISING PROGRESS OF WORKS

30

MIS

GROUNDBREAKING CEREMONY BY CHAIRMAN SIR NORMAN THOMPSON

AT KWUN TONG31

MIS

WORK STARTED

• NOVEMBER 1975

32

MIS

• FIRST CHAIRMAN – SIR NORMAN THOMPSON

DIRECT ACCESS TO THE GOVERNOR SIMPLE & CLEAR MESSAGES

• PROJECT MANAGER – HONG KONG & SHANGHAI BANK HQ BUILDING

33

MIS

FIRST M.D. – PROF TONY RIDLEY

M.D. – LONDON UNDERGROUND

MAJOR IMPROVEMENT TO THE SYSTEM

PROFESSOR – IMPERIAL COLLEGE LONDON

34

MIS

• GENERAL PUBLIC

– EXCITEMENT

– EXPECTATION

– DETERMINATION

35

MIS

• GENERAL PUBLIC

HIGH DEGREE OF TOLERENCE

&

CO-OPERATION

36

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

37

MIS

• BASED ON PROVEN TECHNOLOGY

• PROJECT MOTTO:

IF IT IS ESSENTIAL,

GET ON WITH IT. IF IT IS DESIRABLE,

FORGET IT.

38

MIS

GOVERNMENT

COMMUNITY MTRC

UNITY IN PURPOSE

MIS

GROUND CONDITIONS

ALLUVIAL DEPOSITS

GRANITE (VARYING DEGREE OF DECOMPOSITION)

HARD ROCK

39

MIS

40

STATION WALL CONSTRUCTION

MIS

41

STATION CONSTRUCTION

MIS

42

INSITU HORSESHOE TUNNEL

MIS

43

PRECAST CONCRETE TUNNEL LINING

SGI TUNNEL LINING

44

MIS

NGAU TAU KOK STATION & VIADUCT

45

MIS

KOWLOON BAY DEPOT

46

MIS

ADMIRALTY STATION EXCAVATION

47

MIS

IMMERSED TUBE CASTING

48

MIS

MIS

49

IMT

50

MIS

• FROM KWUN TONG TO CENTRAL KWUN TONG TO SHEK KIP MEI

– OPERATIONAL ON 1 OCTOBER 1979

51

MIS

• FROM KWUN TONG TO CENTRAL KWUN TONG TO TSIM SHA TSUI

– OPERATIONAL ON 31 DECEMBER 1979

52

MIS

• FROM KWUN TONG TO CENTRAL KWUN TONG TO CENTRAL

– OPENED BY PRINCESS ALEXANDRA

ON 12 FEBRUARY 1980

53

MIS

• FROM KWUN TONG TO CENTRAL

ON TIME AND WITHIN BUDGET

54

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

55

MIS

• NO SMOKING

• NO EATING

• NO DRINKING

• NO MUSIC/RADIO

56

MIS

• CLEAN

• QUIET

• EFFICIENT

• RELIABLE

• AIR-CONDITIONEDDAVID BARRACLOUGH

FORMER OPERATIONS DIRECTOR

57

MIS

SUCCESS

GROWTH

58

TSUEN WAN LINE

BUILDING UP THE COMPANY

59

ERIC BLACK

SECOND MD

60

TSUEN WAN LINE

• ENGINEER’S DESIGN

• CONTRACTOR’S ALTERNATIVE PROPOSALS CONSIDERED &

ADOPTED

TSUEN WAN DEPOT &

LUK YEUNG SUN CHUEN DEVELOPMENT61

TWL

LAI KING TO KWAI FONG CROSS-OVER

62

TWL

• SET UP STRONG IN-HOUSE PROFESSIONAL PROJECT MANAGEMENT TEAM

• HANDS-ON STYLE

63

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

64

TWL

• TSUEN WAN LINE– TSUEN WAN TO CENTRAL

– OPERATIONAL 10 May 1982 (AHEAD OF PROGRAMME)

65

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

66

ISL

67

ISL

• ISLAND LINE

– CHAI WAN TO ADMIRALTY

31 MAY 1985

– CHAI WAN TO SHEUNG WAN

23 MAY 1986

ESTIMATED TOTAL COSTS HK$ B

AT 1986 PRICES 10.9

(EXCL. INTEREST AND FINANCE

COSTS)

FINAL COST 10.0

INCL. INTEREST & 11.9

FINANCE COSTSWILLIAM GREIG

FORMER PROJECTS DIRECTOR

68

ISL

MORE CHALLENGING TIME

69

70

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

71

MTR ARRIVAL & GROWTH OF MTR

COINCIDE WITH :

TRANSFORMATION OF HONG KONG

FROM REGIONAL CITY

TO INTERNATIONAL FINANCIAL CENTRE

72

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

HONG KONG LEASE

BRITISH PRIME MINISTER VISITED BEIJING

OFFERED TO EXCHANGE SOVEREIGNTY FOR

ADMINSTRATION

73

MARGARET THATCHER

74

HONG KONG LEASE

OFFER REJECTED BY CHINA

75

HONG KONG LEASE

BUT AGREED TO:

• SET UP JOINT LIAISON COMMITTEE (JLC)

• CONTINUE NEGOTIATION

• MAINTAIN STABILITY & PROSPERITY OF HONG KONG

76

HONG KONG LEASE

• NEGOTIATION NOT GOING WELL

• UNCERTAINTY

77

HONG KONG LEASE

• JITTERY & GLOOMY

• INVESTMENTS PUT ON HOLD

• STOCK MARKET CRASH

• PROPERTY BUBBLE BURST

78

HONG KONG LEASE

HONG KONG DOLLAR PLUNGES

FROM AROUND HK$ 6 = US$ 1

TO

OVER HK$ 9 = US$ 1

79

HONG KONG LEASE

PEOPLE RUSH TO SUPERMARKET

TO BUY :

RICE

80

HONG KONG LEASE

PEOPLE RUSH TO SUPERMARKET

TO BUY :

RICE &

BABY’S POWDERED MILK

81

HONG KONG LEASE

• CURRENCY PEG

HK$ 7.8 = US$ 1

82

HONG KONG LEASE

• CALM THE CITY

• STOP PANIC

83

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

84

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

85

HONG KONG LEASE

•ENSHRINED IN

BASIC LAW

•LODGED WITH

UNITED NATIONS

86

HONG KONG LEASE

• CURRENCY PEG

HK$ 7.8 = US$ 1

• REMAINS TO THIS DAY

87

MTRC

• BORROWING IN US$

• REVENUE IN HK$

• ADVERSE IMPACT BY

HIGH INTEREST RATE (12%) DEVALUATION

88

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

MTRC

SECURED CREDIT RATING FROM• MOODY• S&P

ROAD SHOW TO TAP INTERNATIONAL BOND MARKET• YANKEE BOND• SAMURAI BOND

89

90

MTRC

IN NO POSITION TO FINANCE NEW EXTENSIONS ON ITS OWN

EXECUTIVE COMMITTEE

91

EASTERN HARBOUR CROSSING

EASTERN HARBOUR CROSSING ENTRANCE

92

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

93

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

94

EHC

OPENED ON 1 OCTOBER 1989

PRINCE CHARLES SPEAKING TO Ir THOMAS LAI

95

AFTER JOINT DECLARATION

• UNCERTAINTY REMOVED

• CONFIDENCE RETURNED

LIPPO CENTRE

96

NEW AIRPORT

CHECKERBOARD IN SIGHT

97

KAI TAK AIRPORT

STEADY AS SHE GOES

98

KAI TAK AIRPORT

DO YOUR WINDOW SHOPPING BEFORE YOU LAND

99

KAI TAK AIRPORT

SEE....I LAND IT ON THE ROOF

100

KAI TAK AIRPORT

HARD RIGHT TURN AND DIVE

101

KAI TAK AIRPORT

BUT LANDING ON THE RUNWAY...... IS NOT ALWAYS

EASY102

KAI TAK AIRPORT

SOMETIMES.... ENDED UP IN THE WATER

103

KAI TAK AIRPORT

104

AIRPORT CORE PROJECTS

RELOCATE AIRPORT FROM KAI TAK TO CHEK LAP KOK

105


• APPROVED BY BEIJING

& LONDON

106


• OBJECTIVES:

– TO STIMULATE ECONOMY– TO FACILITATE FUTURE GROWTH– TO ELIMINATE AVIATION HAZARD

– TO BE COMPLETED IN TIME FOR HANDOVER

107

ACP

• AIRPORT AT CHEK LAP KOK

• TSING MA BRIDGE

• LANTAU & AIRPORT RAILWAY

108

ACP

• KAP SHUI MUN BRIDGE

• TING KAU BRIDGE

• HIGHWAYS

• RECLAMATIONS

• THIRD CROSS HARBOUR ROAD TUNNEL (WESTERN HARBOUR CROSSING)

109

ACP

• HK$ 127 BILLION £ 10 BILLION

110

ACP

CHINA’S CONCERN:

• ROSE GARDEN PROJECT

• EMPTY TREASURY

• HIGH DEBT

111

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

112

ACP

ESSENTIAL TO HAVE CHINA’S AGREEMENT AND SUPPORT

TO ASSURE INVESTORS

WRANGLING OVER FINANCIAL DATADELAYED PROJECT START

HAMISH MATHERS

FORMER CHAIRMAN

113

ACP

JACK SO CHAK KWONG

FORMER CHAIRMAN & CEO

114

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

•

115

ACP

PROJECT COMPLETED IN 1998

Ir DOUGLUS OAKERVEE

PROJECT DIRECTOR HKIAFORMER MTR PROJECT

MANAGER

HONG KONG INTERNATIONAL AIRPORT 116

WORLD CLASS

TSING MA BRIDGE(ROAD + RAIL)

117

118

LANTAU & AIRPORT LINE

119

LAL

AIRPORT EXPRESS LINE(AEL)

AIRPORT – HONG KONG

23 MINUTES JOURNEY

IN-TOWN-CHECK-IN

120

LAL

TUNG CHUNG LINE(ON SHARED TRACK WITH AEL)

TUNG CHUNG - HONG KONG

COMMUTER LINE

ALSO PROVIDES RELIEF

TO NATHAN ROAD CONGESTION

121

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)

122

ACP

EXTENSIVE APPLICATION OF

VALUE ENGINEERING

INTRODUCE PARTNERING

RUSSELL BLACK

FORMER PROJECTS DIRECTOR

NO MORE SLIDING SEATS

123

TUNG CHUNG LINE

AEL TRAIN

124

AIRPORT EXPRESS

• SPACIOUS SEATING

• PLEASANT AMBIENCE

• BUSINESS CLASS COMFORT

FROM PLANE, THROUGH TRAIN, TO HOTEL

125

LAL TCL

OPERATIONAL ON 22 JUNE 1998

AEL

OPERATIONAL ON 6 JULY 1998

126

LAL

HK$ B

PROJECT COST 35.1(INCLUDING CAPITALISED INTEREST)

FINANCED BY:

EQUITY 23.7DEBT 11.4

CONSOLIDATION

127

128

TSEUNG KWAN O LINE

129

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

130

131

TKL

INITIAL CAPITAL COST ESTIMATE HK$ B

INCL. CAPITALISED INTEREST 30.5

FINAL COST 16.0

HANG HAU STATION

TKL

132

NORTH POINT CAVERN

133

DISNEYLAND RESORT LINE

134

DISNEYLAND RESORT LINE

135

DRL

• DISNEYLAND RESORT LINE

– FROM SUNNY BAY TO DISNEYLAND

– FULLY AUTOMATIC OPERATION

– OPERATIONAL ON

12 SEPTEMBER 2005

136

ASIAWORLD-EXPO STATION

137


138


AIR STATION –

ASIAWORLD-EXPO

OPERATIONAL ON

20 DECEMBER 2005

139

NGONG PING 360

140

NGONG PING 360

141

NGONG PING 360

142

NGONG PING 360

143

NGONG PING 360

AIRPORT ISLAND STATION TUNG CHUNG TERMINAL

144

NGONG PING 360

• MATERIAL DELIVERY

– HELICOPTERS

– MULES

145

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

146

SUCCESS PROFILERATING

147

148

MTRC

PROJECT MANAGEMENT

RAILWAY OPERATION

FINANCIAL EXPERTISE

TRAINING & DEVELOPMENT

PROPERTY

AUTOMATIC FARE COLLECTION

149

MTRC

• INVEST HEAVILY IN STAFF TRAINING & DEVELOPMENT

• CORE VALUES :

CUSTOMER SERVICE

RESPECT FOR THE INDIVIDUAL

ON TIME AND WITHIN BUDGET

150

MTRC

PROVIDES PROFESSIONAL

TRAINING SERVICES TO OTHER RAILWAYS IN:

– MAINLAND CHINA

– SOUTHEAST ASIA

PHIILP GAFFNEY (3R/B) FORMER OPERATIONS DIRECTOR

LEN TURK (1L/F)FORMER LEGAL DIRECTOR & COMPANY SECRETARY

PATRICK MAULE (2L/F) FORMER PERSONNEL DIRECTOR

PROPERTY DEVELOPMENT& MANAGEMENT

MAJOR GOVERNMENT POLICY ISSUES

TRANSPORT HOUSING

151

152


• GOVERNMENT ALLOCATE LAND AT FULL MARKET VALUE ALONG THE RAILWAY FOR DEVELOPMENT

153


• MAJOR & REPUTABLE PROPERTY DEVELOPER AND MANAGER IN TOWN

• JOINT VENTURES

– RESIDENTIAL – RETAIL– OFFICES– HOTEL

154


• SUBSTANTIAL CONTRIBUTION TOWARDS COST OF RAILWAY

• CAPTURED PASSENGERS

(FORMING PART OF 2.4 M DAILY RIDERSHIP)

VICTOR SO HING WOH THOMAS HO HANG KWONG

FORMER PROPERTY DIRECTORS

155


PROCEEDS FROM DEVELOPMENTS HELP TO:

• KEEP FARES AT REASONABLE LEVEL

• MAINTAIN & EXTEND RAIL NETWORK

156

PROPERTY DEVELOPMENT & MANAGEMENT

TELFORD GARDEN

157



158

PARK VIEW


159

CENTRAL STATION RETAIL


160

TELFORD PLAZA

MARITIME SQUARE

161



162 ELEMENTS

2IFC

163

2 INTERNATIONAL FINANCE CENTRE

164

UNION SQUARE

ICC

165

INTERNATIONAL COMMERCE CENTRE

• 118 FLOORS

• 490 METRES HIGH

• THIRD TALLEST BUILDING IN THE

WORLD

166

ICC

ICC

GATEWAY TOWERS

167

• PROPERTY OPEARATIONS

& MANAGEMENT

CHINA – BEIJING

168

GINZA MALL


AS AT END 2011:

Investment properties

Hong Kong: 12 shopping malls + 18 floors at 2 IFC

Shops 226,622 sq.m )

Offices 41,000 sq.m ) 279,424 sq.m

Other use 11,202 sq.m )

Mainland China: Ginza Mall

Shops 18,398 sq.m

Managed properties:• 86,162 residential units in Hong Kong• 744,214 sq.m commercial properties in Hong Kong• 776,402 sq.m in Mainland China

169

170


• ELECTRO-MAGNETIC CARD

• STORED VALUE CARD

• CONTACTLESS SMART CARD

ROB NOBLE FORMER MARKETING & PLANNINGDIRECTOR

171


ELECTRO-MAGNETIC CARD

• PLASTIC• RE-USABLE• NO LITTER• ISSUED BY MACHINE / HAND• FIXED VALUE• ELECTRO-MAGNETIC• SINGLE JOURNEY

172

MIS

• NO SMOKING

• NO EATING

• NO DRINKING

• NO MUSIC/RADIO

• NO TICKET FLICKING

173


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

174

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

175


• RELIABLE TICKETING

• LABOUR SAVING

• DATA FOR:

OPERATIONAL PLANNIN INCLUDING PRICING

176


• FORERUNNER OF:

• EZ-LINK – SINGAPORE

• OYSTER CARD – LONDON

• EASYCARD - TAIPEI

177


OTHER USES:

PUBLIC TRANSPORTSCAR PARKSACCESS CONTROL TO BUILDINGSCONFIRMATION OF STUDENTS’

ATTENDANCE AT SCHOOL


AS AT END OF JUNE 2012

• 12.1 MILLION DAILY TRANSACTIONS

• HK$ 123.9 MILLION PER DAY

• ADOPTED BY OVER 5000 SERVICE PROVIDERS

178

179

MTR CORPORATION

AN OUTSTANDINGLY SUCCESSFUL

ENTERPRISE

180

MTR CORPORATION LTD

LISTED ON THE HONG KONG EXCHANGE

ON 5 OCTOBER 2000

MERGER WITH KCRC

181

182

MERGER

• HONG KONG GOVERNMENT ANNOUNCED MERGER PROPOSAL BETWEEN MTRCL & KCRC ON 11 APRIL 2006

183

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

184

MERGER

KCRC

• OPERATES:– EAST RAIL– WEST RAIL– LIGHT RAIL– INTERCITY TO

GUANGZHOU– FREIGHT TO

INTERIOR OF MAINLAND CHINA

185

MERGER

KCRC

• PROPERTY DEVELOPMENT

&

MANAGEMENT

186

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

187

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

188

MERGER

MOU PROVIDES FOR

• JOB SECURITY FOR ALL FRONTLINE STAFF

189

MERGER

DEAL TERMS

• PROVIDE A BALANCED PACKAGE FAIR TO ALL STAKEHOLDERS

190

MERGER

DEAL 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

191

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 STAFF5. PROVISION OF SEAMLESS INTERCHANGE

ARRANGEMENTS IN THE LONG TERM

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MERGER

BENEFITS

• SYNERGY• ECONOMIES OF SCALE• COST EFFICIENCY• INTEGRATED RAIL SYSTEM

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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194

ONE COMPANY ONE TEAM

195

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 PASSENGERS

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MERGED

ONE COMPANY ONE TEAM

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STAFF INTEGRATION WILLIAM CHAN FORMER HUMAN RESOURCES DIRECTOR

MTR CORPORATION LTD

GROWTH MOMENTUM

198

199

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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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

201

MTRCL

• NEW CORE VALUES :

EXCELLENT SERVICEVALUE CREATIONMUTUAL RESPECTENTERPRISING SPIRIT

HONG KONG BUSINESS

HONG KONG INTERNATIONAL AIRPORT

SUBCONTRACT FOR AUTOMATED PEOPLE MOVER MIDFIELD CONCOURSE EXTENSION PROJECT

RESPONSIBLE FOR DESIGN, PROCUREMENT, INSTALLATION, TESTING & COMMISSIONING OF SEVERAL RAILWAY SYSTEMS

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MACAO BUSINESS

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MACAO GOVERNMENT

MOU SIGNED FOR LIGHT RAIL PROJECT CONSULTANCY

DUBAI

204

DUBAI

205

METRO & AIRPORT LINES

DUBAI

CONSULTANCY

TO REVIEW DESIGN PROPOSALS IN RESPECT OF :

OPERATION &

MAINTENANCE

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VIADUCT CONSTRUCTION

DUBAI

CONSULTANCY

MOU SIGNEDTO ASSIST TO DEVELOP A MASS URBAN TRANSPORT SYSTEM, PROVIDING HIGH QUALITY TRANSPORT SERVICES

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INDIA

Delhi Airport Metro Express Line (AMEL)

• Major engineering & project management contract

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209

UK BUSINESS

BIDS

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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

211211211

UK BUSINESS

LOROL MTR/DEUTSCHE BAHN

(CONTROLLED BY ARRIVA UK TRAINS)

ACTION ON DAY ONE

• OYSTER TICKETING SYSTEM

• NEW TICKETING MACHINES

• STATIONS GATED

• IMPROVEMENT IN:

1. SERVICE OPERATION2. PUNCTUALITY3. SAFETY4. SECURITY

• TICKETLESS TRAVEL DOWN

• REVENUE UP212212

UK BUSINESS

213213213

UK BUSINESS

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

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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

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UK BUSINESS

SHORT-LISTED TO BID FOR:

ESSEX THAMESIDE FRANCHISE

(LONDON FENCHURCH STREET – TILBURY- SOUTHEND)

SEPTEMBER 2012

THAMESLINK FRANCHISE

(BEDFORD – GATWICK - BRIGHTON)

FEBRUARY 2013

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EUROPE BUSINESS

STOCKHOLM UNDERGROUND

TOOK OVER OPERATION 2 NOVEMBER 2009

(FOR 8 YEARS MINIMUM)

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AUSTRALIA BUSINESS

METRO TRAINS MELBOURNE

TOOK OVER OPERATION ON 30 NOVEMBER 2009

(FOR INITIAL PERIOD OF 8 YEARS)

218

AUSTRALIA BUSINESS

UNITED GROUP LTD.

SUBCONTRACT TO SUPPORT ITS ROLLING STOCK MAINTENANCE WORKS IN NEW SOUTH WALES

219

220

CHINA BUSINESS

221

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

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CHINA BUSINESS

BEIJING LINE 4– INITIALLED IN FEBRUARY 2005

– COMPANY FORMED IN JANUARY 2006

– AGREEMENT SIGNED ON 12 APRIL 2006

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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

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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

225

CHINA BUSINESS

HANGZHOU LINE 1

– J.V. AGREEMENT WITH SUBSIDARY OF HANGZHOU METRO GROUP (PPP)

– INVEST & OPERATE LINE 1 FOR 25 YEARS

– RESPONBLE FOR E&M SYSYTEMS & ROLLING STOCK– SINGED IN JULY 2012

BUSINESS OUTSIDE HONG KONG

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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%

CURRENT EXTENSION PROJECTS

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HONG KONG GOVERNMENTINFRASTRUCTURE INVESTMENT

• 2007-2008 POLICY ADDRESS ANNOUNCES TEN MAJOR INFRASTRUCTURE PROJECTS

• ANNUAL EXPENDITURE OF

HK$ 50 BILLION (£ 4 BILLION)

IN COMING YEARS

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HONG KONG GOVERNMENTINFRASTRUCTURE INVESTMENT

229

HONG KONG GOVERNMENT INFRASTRUCTURE INVESTMENT

• Transport Infrastructure1. 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 Projects4. 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)

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RAILWAY EXTENSIONS

RAILWAY EXTENSIONS

232XRL

RAILWAY EXTENSIONS

233WIL

RAILWAY EXTENSIONS

234KTE

RAILWAY EXTENSIONS

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JAY WALDER CEO TC CHIEW PROJECTS DIRECTOR

SCL

RAILWAY EXTENSIONS

236SIL(E)

FULLY AUTOMATIC OPERATION

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

237

RAILWAY EXTENSIONS

238RAILWAY DEVELOPMENT STRATEGY 2000

(UPDATE)

RAILWAY BUILDING

239

FEASIBILITY

IDENTIFY TRANSPORT NEEDSFEASIBILITY STUDYPROPOSAL TO GOVERNMENTROUTE PROTECTION

240

RAILWAY BUILDING

PRE-CONTRACT

PREPARATION OF CONTRACT DOCUMENTS DESIGN STANDARDS MANUAL MATERIALS & WORKMANSHIP SPECIFICATION CONDITIONS OF CONTRACT BILLS OF QUANTITIES

APPOINTMENT OF CONSULTANTSTENDERINGCONTRACT AWARD

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RAILWAY BUILDING

CONSTRUCTION

DESIGN MANAGEMENT CONSTRUCTION MANAGEMENTPROTECTION OF ADJACENT PROPERTIESTESTING & COMMISSIONINGAPPROVAL BY RAILWAY INSPECTORATEHANDOVER TO OPERATIONS

242

RAILWAY BUILDING

SYSTME IMPROVEMENT &

PROTECTION

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IN SERVICE IMPROVEMENTS:

NEW INTEGRATED ENTRANCES ENTRANCE UPGRADE KIOSKS TOILETS & LIFTS FACILITIES FOR THE PHYSICALLY IMPAIRED RETROFITS - PLATFORM SIDE DOORS NEW SINGNALLING SYSTEM

CONDITION MONITORING ASSET MAINTENANCE & REPLACEMENT RAILWAY PROTECTION

RAILWAY BUILDING & MANAGEMENT

IN SERVICE

INTEGRATED ENTRANCE

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IN SERVICEOLD ENTRANCE

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NEW ENTRANCE

IN SERVICE

KIOSKS

247

IN SERVICE

TOILETS & LIFTS

248

IN SERVICE

CHAIRLIFT & TACTILE ROUTES

249

IN SERVICE

PSD

250

IN SERVICE

SIGNALLING

SOURCE - BOMBARDIER

IN SERVICE

RAILWAY PROTECTION

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MTRCL

A STORY

OF

OUTSTANDING SUCCESS

254

MTRCL

• PROFITABLE

MTRCL

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MTRCL

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MTRCL

CONSOLIDATED P & L A/C

(YEAR ENDED 31 December 2011) HK$ M

• REVENUE 33,423

• PROFIT ON PROPERTY DEVELOPMENTS 4,900

• OPERATING PROFIT BEFORE DEPRECIATION 17,038

• NET PROFIT ATTRIBUTABLE TO SHAREHOLDERS 14,716

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MTRCL

AS AT END 2011:

PATRONAGE ( million)

Yearly 1,644

Daily 4.7

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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

RECAP

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STORY OF THE HKMTR

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STORY OF THE HKMTR

STORY OF HONG KONG IN THE FINAL DECADES OF LAST CENTURY

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STORY OF THE HKMTR

STORY OF HONG KONG IN THE FINAL DECADES OF LAST CENTURY

STORY OF 23 YEARS OF MY LIFE

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This presentation is dedicated to :

All my friends

Especially those of the MTR

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Mtr a success story (staff)

Business

Transcript of Mtr a success story (staff)