Association for Sustainable and Responsible Investment in Asia
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MTR Corporation Limited
Address: MTR Tower Telford Plaza Kowloon Bay, Hong Kong Tel: (852) 2881 8888 Fax: (852) 2795 9991 Email: URL: http://www.mtr.com.hk Year Join: 2002 The railway system operated by the MTR Corporation was constructed at a cost of HK$79.1 billion, consists of five MTR lines – the Kwun Tong Line, Tsuen Wan Line, Island Line, Tung Chung Line, Tseung Kwan O Line - and the dedicated Airport Express. The overall route length is 87.7 km and there are a total of 49 stations together with five depots for train stabling and maintenance support the system.
Total passenger numbers per weekday on the Kwun Tong Line, Tsuen Wan Line, Island Line, Tung Chung Line and Tseung Kwan O Line currently average about 2.3 million, making the railway one of the most densely utilised system in the world in terms of passengers per track kilometer. The high level of ridership supported by a productive work force together with efficient railway systems have enabled the Corporation to become one of the few undergrounds in the world which are profitable.
In conjunction with railway construction, the Corporation has led on joint venture developments of key residential and commercial properties above and adjacent to stations and depots, manages completed estates, and retains commercial property for investment. In joint ventures with property developers, a total of 18 property complexes were completed above and adjacent to stations along the Kwun Tong Line, Tsuen Wan Line and Island Line. Five property development complexes are being built along the Airport Railway. The planning and design of these complexes focus on creating communities that are fully integrated with the railway stations. Profits gained by the Corporation from these development projects contribute significantly towards the construction of the railway. Income from estate management and rental of investment properties also contribute to the Corporation’s profits. Other major sources of income come from station commercial businesses such as advertising, kiosks rental and telecommunication service fees.
In terms of new railway projects, the project agreement for Penny's Bay Rail Link was signed with the Government on 24 July 2002, which will connect the Tung Chung Line, via a new station at Yam O, with the new Hong Kong Disneyland and is expected to be completed by 1st July 2005. Other proposed railway projects include North Island Link, West Island Line and South Island Line.
The Tung Chung Cable Car on Lantau Island was awarded to the Corporation after a competitive tender by the Government. It will link Tung Chung with Ngong Ping and the nearby Big Buddha Statue and Po Lin Monastery and is expected to be completed by late 2005.
The Corporation is a constituent of the Hang Seng Index, Hang Seng London Reference Index, MSCI Indices, FTSE All-World Hong Kong Index, FTSE4Good Global Index and Dow Jones Sustainability Index. In additional to the Hong Kong Stock Exchange, MTR shares are quoted on SEAQ International of the London Stock Exchange and can be traded in the U.S. as American Depositary Shares.
News22/05/2004 MTR Named The Best Sustainability Report 22/04/2003 MTR Corporation published Sustainability Report 2002 25/04/2002 Mass Transit Railway Corporation Sustainability Report 2001
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