Browsing: MTR

MTR net profit climbs 34.5% y/y to HKD11.5b

The MTR’s FY14 underlying net profit of HKD11,571m, up 34.5% y-y, was in line with Nomura’s forecast and 7% ahead of consensus. According to a research note from Nomura, this is thanks to solid domestic railway


Read More
MTR quality awards for contractors

Hong Kong’s MTR Corporation has awarded its major contractors for their outstanding performance and dedication in construction quality, worksite safety, environmental management and stakeholder engagement in its predominantly tunnelled five new railway projects. It has been the


Read More
MTR preservation plan broached

The Government plans to preserve in situ archaeological features unearthed at the To Kwa Wan Station construction site of the Sha Tin to Central Link. Secretary for Development Paul Chan told the media today the conservation plan


Read More
Concerns raised over costs & delays for MTR Express Rail Link project

More concerns over costs and responsibility of the Express Rail Link project delay The Secretary for Transport and Housing Professor Anthony Cheung Bing-leung has stated that the completion date of the Express Rail (Link) project will be


Read More
Rail link cost review urged

Secretary for Transport & Housing Prof Anthony Cheung today urged the MTR Corporation to revisit its cost estimates for construction of the Express Rail Line. Prof Cheung told reporters that the corporation has given a figure


Read More
Express rail solution urged

The Government has urged the MTR Corporation to propose a comprehensive and practicable solution for overruns in the Express Rail Link Hong Kong section and to better manage the risks involved. The call comes after the


Read More
MTR Completes Excavation of the Mei Lai Road to Hoi Ting Road Tunnels

Excavation of the Mei Lai Road to Hoi Ting Road Tunnels of the Express Rail Link Project Successfully Completed The successful breakthrough of the Mei Lai Road to Hoi Ting Road Tunnels of the Express Rail


Read More
MTR South Island Line (East) Nam Fung Tunnel Broken Through

A Break through for the MTR South Island Line Excavation of the 3.2-kilometre Nam Fung Tunnel connecting Admiralty and Ocean Park stations on South Island Line (East) (“SIL(E)”) was successfully completed on 17 October 2014. The


Read More
MTR appoints new directors

The MTR Corporation appointed four new directors today. They include three new independent non-executive directors – James Kwan, Lucia Li and Benjamin Tang – appointed by the corporation, and one non-executive director – Permanent Secretary for


Read More
Plans for 7 New Hong Kong Railways Proposed

HK$110b expansion Plans for 7 new railways proposed Secretary for Transport & Housing Prof Anthony Cheung has outlined plans for seven new railway projects to be completed by 2031, with preliminary cost estimates of $110 billion.


Read More