DOCSLIB.ORG

Annual Report 2018

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text

Load more

MTR Corporation Limited Limited MTR Corporation | Annual Report 2018 Report Annual MTR Corporation Limited MTR Headquarters Building, Telford Plaza Kowloon Bay, Kowloon, Hong Kong GPO Box 9916, Hong Kong Telephone : (852) 2993 2111 Facsimile : (852) 2798 8822 www.mtr.com.hk In the 40 years since our service operations started, MTR has grown with the people of Hong Kong to become a critical component of the transport infrastructure, as well as the creator of new integrated communities above and near stations. From a single line that opened in 1979, we now operate 12 lines, 256.6 km of route length in Hong Kong that in 2018 carried over 2.0 billion passengers, together with a wide range of businesses including the development of residential and commercial properties, property leasing and management, advertising, telecommunication services and railway consultancy services. Since 2007, we have been building a portfolio of railway operations in Mainland of China, Europe and Australia. VISION We aim to be a leading multinational company that connects and grows communities with caring service. MISSION VALUES • We will strengthen our Hong Kong corporate • Excellent Service citizen reputation • Mutual Respect • We will grow and enhance our Hong Kong • Value Creation core business • Enterprising Spirit • We will accelerate our success in the Mainland and internationally • We will inspire, engage and develop our staff CONTENTS Overview Corporate Governance Highlights 117 Corporate Governance Report 2 – Performance 139 Audit Committee Report 4 – Caring 142 Risk Management 6 – 2018 Financials 146 Risk Committee Report 8 Hong Kong Operating Network with 148 Capital Works Committee Report Future Extensions 149 Remuneration Committee Report 10 Mainland of China and International 154 Board and Executive Directorate Businesses at a Glance 172 Key Corporate Management 12 Chairman’s Letter 173 Report of the Members of the Board 18 CEO’s Review of Operations and Outlook 39 Awards Financials and Other Information 205 Contents of Consolidated Accounts and Notes Business Review and Analysis 206 Independent Auditor’s Report Business Review 211 Consolidated Profit and Loss Account 40 – Hong Kong Transport Operations 212 Consolidated Statement of Comprehensive Income 54 – Hong Kong Station Commercial Businesses 213 Consolidated Statement of Financial Position 60 – Hong Kong Property and Other Businesses 214 Consolidated Statement of Changes in Equity 72 – Hong Kong Network Expansion 215 Consolidated Cash Flow Statement 80 – Mainland of China and International Businesses 216 Notes to the Consolidated Accounts 90 Financial Review 307 Glossary 102 Ten-Year Statistics 104 Investor Relations 106 Corporate Responsibility 112 Human Resources 116 MTR Academy Annual Report 2018 1 HIGHLIGHTS PERFORMANCE High Speed Rail commenced service in September Over 2.0billion Total patronage in Hong Kong 2 MTR Corporation Overview Shatin to Central Link Awarded 3 88.7% complete property packages Business Review and Analysis Corporate Governance Awarded Macau Light Rapid Transit Taipa Line 99.9% 8% Passenger Journeys fewer reportable on-time events on our Financials and Other Information heavy rail network Over 2.1billion Total patronage outside of Hong Kong Annual Report 2018 3 HIGHLIGHTS CARING OUR PEOPLE Fulfilling working environment for over 47,000 staff worldwide OUR CUSTOMERS About 93 New Trains and QR code 20,000 payment Residential Units Light Rail Vehicles 40 for tickets and 3 Shopping Malls to be launched Under Development 4 MTR Corporation OUR COMMUNITY Overview over 12,000 young people joined youth programmes including HK$28 million STEM Challenge community investment Business Review and Analysis Corporate Governance 5 Railway 17– km 3 New Lines Project Proposals Shatin to Central outside of Financials and Other Information Submitted Link in progress Hong Kong to open Annual Report 2018 5 HIGHLIGHTS 2018 FINANCIALS FINANCIAL PERFORMANCE Total Underlying Net Assets Net Debt-to- Revenue Business Profit Equity Ratio HK$ HK$ HK$ 53.9 billion 11.3 billion 180.6 billion 18.1 % SUMMARY OF PAST PERFORMANCE Total Revenue Operating Profit Before (HK$ million) Depreciation, Amortisation and Variable Annual Payment (HK$ million) 55,440 53,930 21,088 21,442 19,639 19,011 45,189 17,624 40,156 41,701 2014 2015 2016 2017 2018 2014 2015 2016 2017 2018 Total Assets Ordinary Dividend per Share (HK$ million) (HK$) 274,687 1.20 257,340 263,768 1.12 241,103 1.05 1.06 1.07 227,152 2014 2015 2016 2017 2018 2014 2015 2016 2017 2018 6 MTR Corporation KEY FIGURES 2018 2017 Inc./(Dec.) % Financial highlights (in HK$ million) Revenue – Hong Kong transport operations 19,490 18,201 7.1 – Hong Kong station commercial businesses 6,458 5,975 8.1 Overview – Hong Kong property rental and management businesses 5,055 4,900 3.2 – Mainland of China and international railway, property rental and management subsidiaries 20,877 17,194 21.4 – Mainland of China property development 60 6,996 (99.1) – Other businesses 1,990 2,174 (8.5) Operating profit before Hong Kong property development, depreciation, amortisation and variable annual payment 18,868 19,991 (5.6) Profit on Hong Kong property development 2,574 1,097 134.6 Operating profit before depreciation, amortisation and variable annual payment 21,442 21,088 1.7 Profit attributable to shareholders of the Company arising from underlying businesses 11,263 10,515 7.1 Total assets 274,687 263,768 4.1 Loans, other obligations and bank overdrafts 40,205 42,043 (4.4) Obligations under service concession 10,409 10,470 (0.6) Total equity attributable to shareholders of the Company 180,447 166,304 8.5 Financial ratios Business Review and Analysis Operating margin (in %) 35.0 36.1 (1.1%) pts. Operating margin (excluding Mainland of China and international subsidiaries) (in %) 54.5 53.5 1.0% pt. Net debt-to-equity ratio* (in %) 18.1 20.6# (2.5%) pts. Return on average equity attributable to shareholders of the Company arising from underlying businesses (in %) 6.5 6.7 (0.2%) pt. Interest cover (times) 13.6 15.0 (1.4) times Share information Basic earnings per share (in HK$) 2.64 2.83 (6.7) Basic earnings per share arising from underlying businesses (in HK$) 1.86 1.77 5.1 Ordinary dividend per share (in HK$) 1.20 1.12 7.1 Share price at 31 December (in HK$) 41.20 45.80 (10.0) Corporate Governance Market capitalisation at 31 December (HK$ million) 252,947 275,156 (8.1) Operations highlights Total passenger boardings in Hong Kong (million) – Domestic Service 1,670.0 1,637.9 2.0 – Cross-boundary Service 117.4 112.5 4.4 – High Speed Rail (Hong Kong Section) 5.3@ – N/A – Airport Express 17.7 16.6 6.5 – Light Rail and Bus 230.4 229.2 0.5 Average number of passengers (thousand) – Domestic Service (weekday) 4,862 4,772 1.9 – Cross-boundary Service (daily) 321.8 308.4 4.4 ^ – High Speed Rail (Hong Kong Section) (daily) 53.0 – N/A – Airport Express (daily) 48.5 45.5 6.5 Financials and Other Information – Light Rail and Bus (weekday) 652.9 649.2 0.6 Fare revenue per passenger (in HK$) – Domestic Service 7.92 7.84 1.1 – Cross-boundary Service 29.56 29.11 1.6 – High Speed Rail (Hong Kong Section) 89.44 – N/A – Airport Express 65.25 64.75 0.8 – Light Rail and Bus 3.14 3.08 1.8 Proportion of franchised public transport boardings (in %) 49.3 49.1 0.2% pt. * Including obligations under service concession and loan from holders of non-controlling interests as components of debts. # If the cash received from the developer relating to the land premium payment for Wong Chuk Hang Station Package 2 (which was paid to Government in 2018) was excluded from the cash balance, the Group’s net debt-to-equity ratio as at 31 December 2017 would have been 23.7%. @ High Speed Rail (Hong Kong Section) service commenced on 23 September 2018. ^ Average of 23 September 2018 to 31 December 2018. Annual Report 2018 7 HONG KONG OPERATING NETWORK Shenzhen WITH FUTURE EXTENSIONS Lo Wu LEGEND Lok Ma Chau Sheung Shui Station Proposed Station Shenzhen Metro Network Interchange Station Proposed Interchange Station * Racing days only Kwu Tung Fanling EXISTING NETWORK Airport Express Island Line Ma On Shan Line Tsuen Wan Line Disneyland Resort Line Kwun Tong Line South Island Line Tung Chung Line East Rail Line Light Rail Tseung Kwan O Line West Rail Line Tai Wo High Speed Rail Long Yuen Long Ping 48 PROJECTS IN PROGRESS 41 47 Kam Sheung Tai Po Market Shatin to Central Link (Tai Wai to Hung Hom Section) Road 33 Shatin to Central Link (Hung Hom to Admiralty Section) 49 Tin Shui Wai 36 50 Ma On Shan Wu Kai Sha Hung Shui Kiu New Territories POTENTIAL FUTURE EXTENSIONS UNDER RAILWAY Heng On University Tai Siu Hong DEVELOPMENT STRATEGY 2014 Shui Hang Northern Link and Tung Chung West Hung Shui Kiu Station 30 39 Kwu Tung Station Extension and Possible South Island Line (West) 27 35 Tuen Mun South Extension Tung Chung East North Island Line 29 Tuen Mun Racecourse* Station Shek Mun East Kowloon Line Fo Tan 31 City One Tuen Mun South 28 Sha Tin Tsuen05 Wan Tai Wo Hau Sha Tin PROPERTIES OWNED / DEVELOPED / MANAGED BY THE CORPORATION Wai 45 Kwai07 Hing 38 01 Telford Gardens / Telford Plaza I and II 31 Citylink Plaza 02 World-wide House 32 MTR Hung Hom Building / Tsuen Wan West 40 CheTemple Kung 03 Admiralty Centre Hung Hom Station Carpark 06 37 Kwai Fong 04 Argyle Centre 33 Trackside Villas 18 Tai Wai 05 Luk Yeung Sun Chuen / Luk Yeung Galleria 34 The Capitol / Le Prestige / Hemera Hin Keng Mei Foo 06 New Kwai Fong Gardens 35 The Palazzo Tsing Yi Lai King Kowloon Diamond Hill 07 Sun Kwai Hing Gardens 36 Lake Silver Lai
Recommended publications
  • CB(2)1021/19-20 Ref: CB2/T/1

    CB(2)1021/19-20 Ref: CB2/T/1

    立法會 Legislative Council LC Paper No. CB(2)1021/19-20 Ref: CB2/T/1 Paper for House Committee meeting on 22 May 2020 Determination of a date for the nomination and election of Members of the Legislative Council to serve on the Council of The Chinese University of Hong Kong and the Court of the University of Hong Kong Purpose 1. This paper invites the House Committee ("HC") to note the procedure for the nomination and election of Members of the Legislative Council ("LegCo") to serve on the Council of The Chinese University of Hong Kong ("CUHK Council") and the Court of the University of Hong Kong ("HKU Court"), and also to determine the date for holding the aforesaid nomination and election. Background CUHK Council 2. Under Statute 11.1(l) of The Chinese University of Hong Kong Ordinance (Cap. 1109), the CUHK Council shall consist of, among others, three persons elected by LegCo Members from among their own number. Under Statute 11.4 of Cap. 1109, the term of office is three years. The election of LegCo Members to serve on the CUHK Council will therefore be conducted in the first and the last session of each LegCo term. Statute 11.4 also provides that a Member will cease to hold office if he or she ceases to be a LegCo Member during the term of office. According to section 7(a) of Cap. 1109, the CUHK Council is the governing and executive body of the University. The CUHK Council meets several times a year. The powers, duties and composition of the CUHK Council, as provided in section 7 of Cap.
  • The Operator's Story Appendix

    The Operator's Story Appendix

    Railway and Transport Strategy Centre The Operator’s Story Appendix: London’s Story © World Bank / Imperial College London Property of the World Bank and the RTSC at Imperial College London Community of Metros CoMET The Operator’s Story: Notes from London Case Study Interviews February 2017 Purpose The purpose of this document is to provide a permanent record for the researchers of what was said by people interviewed for ‘The Operator’s Story’ in London. These notes are based upon 14 meetings between 6th-9th October 2015, plus one further meeting in January 2016. This document will ultimately form an appendix to the final report for ‘The Operator’s Story’ piece Although the findings have been arranged and structured by Imperial College London, they remain a collation of thoughts and statements from interviewees, and continue to be the opinions of those interviewed, rather than of Imperial College London. Prefacing the notes is a summary of Imperial College’s key findings based on comments made, which will be drawn out further in the final report for ‘The Operator’s Story’. Method This content is a collation in note form of views expressed in the interviews that were conducted for this study. Comments are not attributed to specific individuals, as agreed with the interviewees and TfL. However, in some cases it is noted that a comment was made by an individual external not employed by TfL (‘external commentator’), where it is appropriate to draw a distinction between views expressed by TfL themselves and those expressed about their organisation.
  • Operations and Maintanence Syetems for Metro Railways

    Operations and Maintanence Syetems for Metro Railways

    GOVERNMENT OF INDIA MINISTRY OF URBAN DEVELOPMENT REPORT OF THE SUB-COMMITTEE ON OPERATIONS AND MAINTANENCE SYETEMS FOR METRO RAILWAYS NOVEMBER 2013 Sub-Committee on Operation & Maintenance Practices Ministry of Urban Development Final Report PREFACE 1) In view of the rapid urbanization and growing economy, the country has been moving on the path of accelerated development of urban transport solutions in cities. The cities of Kolkata, Delhi and Bangalore have setup Metro Rail System and are operating them successfully. Similarly the cities of Mumbai, Hyderabad and Chennai are constructing Metro Rail system. Smaller cities like Jaipur, Kochi and Gurgaon too are constructing Metro Rail system. With the new policy of Central Government to empower cities and towns with more than two million population With Metro Rail System, more cities and towns are going to plan and construct the same. It is expected that by the end of the Twelfth Five Year Plan, India will have more than 400 Km of operational metro rail network (up from present 223 Km Approximate). The National Manufacturing Competitiveness Council (NMCC) has been set up by the Government of India to provide a continuing forum for policy dialogue to energise and sustain the growth of manufacturing industries in India. A meeting was organized by NMCC on May 03, 2012 and one of the agenda items in that meeting was “Promotion of Manufacturing for Metro Rail System in India as well as formation of Standards for the same”. In view of the NMCC meeting and heavy investments planned in Metro Rail Systems, Ministry of Urban Development (MOUD) has taken the initiative of forming a Committee for “Standardization and Indigenization of Metro Rail Systems” in May 2012.
  • Railway Network

    Railway Network

    Railway Network Railways play a vital role in serving the transport needs of COVID-19 pandemic. By end 2020, the AEL carries about Hong Kong. They account for about 39 per cent of domestic 8 400 passenger trips per day. public transport by end 2020. Light Rail: Light Rail is a local transportation network Existing Network: The existing railway network in Hong which started operation in 1988 to meet the transport needs of Kong has a total route length of about 263 kilometres. The the residents in the northwest New Territories. It now has a Legislative Council passed in June 2007 the Rail Merger route length of about 36 km with 68 stops. By end 2020, it Ordinance which provides the legal framework for the carries an average of about 305 600 passenger trips every post-merger corporation to operate both the Mass Transit day. It has four interchange stations in Yuen Long, Tin Shui Railway (MTR) system and Kowloon-Canton Railway (KCR) Wai, Siu Hong and Tuen Mun to facilitate passenger system. The post-merger Corporation, i.e. the MTR interchange between the Light Rail and West Rail Line Corporation Limited (MTRCL) has been granted a 50-year networks. franchise to operate the MTR and KCR systems with effect from December 2, 2007. Other fixed track systems include the Hong Kong Section of Guangzhou-Shenzhen-Hong Tramway and the Peak Tram. Kong Express Rail Link (XRL): The Hong Kong section of the XRL, commissioned in September 2018, is a 26-km long MTR: MTR is a heavily patronized railway network underground rail corridor connecting Hong Kong with the consisting of 10 heavy rail lines, Airport Express and the Hong national high-speed rail network.
  • Official Record of Proceedings

    Official Record of Proceedings

    LEGISLATIVE COUNCIL ─ 3 November 2010 1399 OFFICIAL RECORD OF PROCEEDINGS Wednesday, 3 November 2010 The Council met at Eleven o'clock MEMBERS PRESENT: THE PRESIDENT THE HONOURABLE JASPER TSANG YOK-SING, G.B.S., J.P. THE HONOURABLE ALBERT HO CHUN-YAN IR DR THE HONOURABLE RAYMOND HO CHUNG-TAI, S.B.S., S.B.ST.J., J.P. THE HONOURABLE LEE CHEUK-YAN DR THE HONOURABLE DAVID LI KWOK-PO, G.B.M., G.B.S., J.P. THE HONOURABLE FRED LI WAH-MING, S.B.S., J.P. DR THE HONOURABLE MARGARET NG THE HONOURABLE JAMES TO KUN-SUN THE HONOURABLE CHEUNG MAN-KWONG THE HONOURABLE CHAN KAM-LAM, S.B.S., J.P. THE HONOURABLE MRS SOPHIE LEUNG LAU YAU-FUN, G.B.S., J.P. THE HONOURABLE LEUNG YIU-CHUNG DR THE HONOURABLE PHILIP WONG YU-HONG, G.B.S. 1400 LEGISLATIVE COUNCIL ─ 3 November 2010 THE HONOURABLE WONG YUNG-KAN, S.B.S., J.P. THE HONOURABLE LAU KONG-WAH, J.P. THE HONOURABLE LAU WONG-FAT, G.B.M., G.B.S., J.P. THE HONOURABLE MIRIAM LAU KIN-YEE, G.B.S., J.P. THE HONOURABLE EMILY LAU WAI-HING, J.P. THE HONOURABLE ANDREW CHENG KAR-FOO THE HONOURABLE TIMOTHY FOK TSUN-TING, G.B.S., J.P. THE HONOURABLE TAM YIU-CHUNG, G.B.S., J.P. THE HONOURABLE ABRAHAM SHEK LAI-HIM, S.B.S., J.P. THE HONOURABLE LI FUNG-YING, S.B.S., J.P. THE HONOURABLE TOMMY CHEUNG YU-YAN, S.B.S., J.P. THE HONOURABLE FREDERICK FUNG KIN-KEE, S.B.S., J.P.
  • Nvironmental Management and Performance

    Nvironmental Management and Performance

    ENVIRONMENTAL MANAGEMENT AND PERFORMANCE LAND AND WATERBORNE TRANSPORT Hong Kong is one of the most densely populated cities in the world. A safe, efficient, reliable and environment friendly transport system is important to the sustainable development of the city. On environmental management, we will continue to press ahead with the following initiatives - priority for efficient and environment friendly transport modes; reduction in traffic congestion and better inter-modal co-ordination; greater emphasis on pedestrian facilities; and application of Information Technology (IT) to transport management. Priority for Efficient and Environment Friendly Transport Modes Railways are environment friendly, safe and efficient mass carriers in Hong Kong, carrying about 40% of our public transport passengers. At present, the total length of our railways under operation is about 219 km. We are taking forward the following five railway projects in full swing - West Island Line; South Island Line (East); Kwun Tong Line Extension; Shatin to Central Link; and Hong Kong section of the Guangzhou-Shenzhen-Hong Kong Express Rail Link. 7 Upon completion of these railway passenger lines by 2020, the total length of railways in operation in Hong Kong will be increased to about 280 km. We launched the consultancy study on the Review and Update of the Railway Development Strategy 2000 in March 2011 to further our policy for better use of railways as the backbone of the passenger transport system. Development of rail transport will significantly speed up passenger flow, alleviate road traffic congestion and reduce vehicle-induced air pollution. The study is expected to be completed in 2013. The Government will continue with its efforts to enhance the co-ordination between railway and other public transport modes to avoid unnecessary duplication of public transport resources and alleviate traffic congestion.
  • TRAFFIC ADVICE Temporary Traffic and Transport Arrangements On

    TRAFFIC ADVICE Temporary Traffic and Transport Arrangements On

    TRAFFIC ADVICE Temporary Traffic and Transport Arrangements on Des Voeux Road Central, Central Motorists are advised that to facilitate emergency road works, the following temporary traffic and transport arrangements will be implemented from 9.00 am to 6.00 am of the following day on 15 August 2020: A. Road Closure Des Voeux Road Central eastbound between Pedder Street and Murray Road. B. Traffic Diversion Affected vehicles on Des Voeux Road Central eastbound heading for Queensway eastbound will be diverted via Chater Road eastbound and Murray Road southbound. C. Public Transport Arrangements D. Bus Routes Direction Route diversions Suspended bus stops Temporary bus stops NWFB Route To diverted via · Des Voeux Road · Chater Road Central outside No. 25 Braemar Chater Road, opposite Statue Square Statue Hill Murray Road Square NWFB Route To Yiu and resume No. 722 Tung their original Estate routeings XHT Route To Kwun No. 101 Tong XHT Route To Pak No. 104 Tin Estate XHT Route To Ho No. 109 Man Tin Estate Bus Routes Direction Route diversions Suspended bus stops Temporary bus stops XHT Route To Ping No. 111 Shek Estate XHT Route To Choi No. 113 Hung XHT Route To No. 115 Kowloon City Ferry Pier XHT Route To Sha No. 182 Tin XHT Route To Tai Po No. 307 Centre XHT Route To Sheung No. 373 Shui XHT Route To Ping No. 603 Tin XHT Route To Shun No. 619 Lee Estate XHT Route To Kai No. 641 Tak XHT Route To Sheung No. 673 Shui XHT Route To Ma On No. 681P Shan XHT Route To Tseung No.
  • Minutes of the 27Th Meeting Held in Conference Room 1 of the Legislative Council Complex at 2:30 Pm on Friday, 25 June 2021

    Minutes of the 27Th Meeting Held in Conference Room 1 of the Legislative Council Complex at 2:30 Pm on Friday, 25 June 2021

    立法會 Legislative Council LC Paper No. CB(2)1238/20-21 Ref : CB2/H/5/20 House Committee of the Legislative Council Minutes of the 27th meeting held in Conference Room 1 of the Legislative Council Complex at 2:30 pm on Friday, 25 June 2021 Members present : Hon Starry LEE Wai-king, SBS, JP (Chairman) Hon MA Fung-kwok, GBS, JP (Deputy Chairman) Hon Abraham SHEK Lai-him, GBS, JP Hon Tommy CHEUNG Yu-yan, GBS, JP Hon WONG Ting-kwong, GBS, JP Hon CHAN Hak-kan, BBS, JP Hon CHAN Kin-por, GBS, JP Hon WONG Kwok-kin, SBS, JP Hon Mrs Regina IP LAU Suk-yee, GBS, JP Hon Paul TSE Wai-chun, JP Hon Michael TIEN Puk-sun, BBS, JP Hon Steven HO Chun-yin, BBS Hon Frankie YICK Chi-ming, SBS, JP Hon YIU Si-wing, BBS Hon CHAN Han-pan, BBS, JP Hon LEUNG Che-cheung, SBS, MH, JP Hon Alice MAK Mei-kuen, BBS, JP Hon KWOK Wai-keung, JP Hon Christopher CHEUNG Wah-fung, SBS, JP Hon Elizabeth QUAT, BBS, JP Hon Martin LIAO Cheung-kong, GBS, JP Hon POON Siu-ping, BBS, MH Dr Hon CHIANG Lai-wan, SBS, JP Ir Dr Hon LO Wai-kwok, SBS, MH, JP Hon CHUNG Kwok-pan Hon Jimmy NG Wing-ka, BBS, JP Dr Hon Junius HO Kwan-yiu, JP Hon Holden CHOW Ho-ding Hon SHIU Ka-fai, JP Hon Wilson OR Chong-shing, MH Hon YUNG Hoi-yan, JP -2 - Dr Hon Pierre CHAN Hon CHAN Chun-ying, JP Hon CHEUNG Kwok-kwan, JP Hon LUK Chung-hung, JP Hon LAU Kwok-fan, MH Hon Kenneth LAU Ip-keung, BBS, MH, JP Dr Hon CHENG Chung-tai Hon Vincent CHENG Wing-shun, MH, JP Hon Tony TSE Wai-chuen, BBS, JP Members absent : Hon Jeffrey LAM Kin-fung, GBS, JP Dr Hon Priscilla LEUNG Mei-fun, SBS, JP Clerk in attendance : Miss Flora TAI
  • Development of Anderson Road Quarry Site Site Formation and Associated Infrastructure Works

    Development of Anderson Road Quarry Site Site Formation and Associated Infrastructure Works

    CB(1)876/15-16(01) Legislative Council Panel on Development Development of Anderson Road Quarry Site Site Formation and Associated Infrastructure Works Supplementary Information Introduction Among the follow-up actions of the Legislative Council (LegCo) Panel on Development, Members requested the Government to provide supplementary information about the traffic impact assessment (TIA) and proposed improvement measures for the site formation and associated infrastructure works of the Anderson Road Quarry (ARQ) site. The Civil Engineering and Development Department (CEDD) commenced the site investigation and detailed design study for the development of ARQ site on 18 July 2014, and further reviewed the TIA undertaken at the previous feasibility study stage. CEDD subsequently presented the updated TIA findings and the associated improvement measures to the Kwun Tong District Council (DC) in the first half of 2015. Traffic Impact According to the findings of the TIA report under the “Development of Anderson Road Quarry site – detailed design and site investigations”, the ARQ site development will generate about 840 passenger car units/hour of traffic flow during morning peak hours. As the proposed residential areas will be located mainly in southeast of the development site, it is anticipated that about 70% of the traffic will use the eastern road access connecting Po Lam Road, Sau Mau Ping Road and Tseung Kwan O Road. The remaining 30% will use the access to On Sau Road connecting Clear Water Bay Road and New Clear Water Bay Road. The impact of additional traffic flows to local major roads and junctions arising from the proposed development are set out at Table.
  • Cb(4)576/14-15(03)

    Cb(4)576/14-15(03)

    CB(4)576/14-15(03) Legislative Council Panel on Transport Subcommittee on Matters Relating to Railways Creation of Two Permanent Directorate Posts in the Railways Branch of the Electrical and Mechanical Services Department to Enhance Monitoring of Railway Safety PURPOSE This paper seeks Members’ views on the proposal to create 2 permanent Chief Engineer (Chief Electrical and Mechanical Engineer / Chief Electronics Engineer) (D1) posts in the Railways Branch of the Electrical and Mechanical Services Department (“EMSD”) to enhance safety inspection and monitoring of existing railway service and new railway projects. BACKGROUND Railway safety 2. Railway is the backbone of Hong Kong’s public transport system, the safety of which is of paramount importance. Currently, the MTR system carries more than 5 million passenger trips per day on average, accounting for about 40% of all public transport passenger trips. The MTR train service has been at a consistently high ranking in terms of safety amongst major metro systems around the world in the Community of Metros (“CoMET”)1. 3. Railway is basically a set of enormous and complicated machinery driven by electricity, which comprises hundreds of thousands of various components. The major components include trains, tracks, power supply systems, signalling systems, communication systems and control centre. These components are subject to wear and tear in daily operation. To ensure railway safety, the main focus would be on proper maintenance as a preventive measure to reduce the probability of incidents. When an incident occurs, the first 1 Currently, major metro systems in CoMET include the Beijing Subway, Berlin U-Bahn, Dehli Metro, Guangzhou Metro, Hong Kong MTR, London Underground, Mexico City Metro, Metro de Madrid, Moscow Metro, New York City Subway, Paris Métro and Paris RER, Metro de Santiago, Singapore MRT, Shanghai Metro, Metro São Paulo and Taipei Metro.
  • Citybus Operates “Shenzhen West Express” Routes B3 and B3X Starting 1 July 2007

    Citybus Operates “Shenzhen West Express” Routes B3 and B3X Starting 1 July 2007

    Citybus Operates “Shenzhen West Express” Routes B3 and B3X Starting 1 July 2007 （25 June 2007, Hong Kong） To facilitate the launch of the Hong Kong-Shenzhen Western Corridor, Citybus will operate “Shenzhen West Express” Routes B3 and B3X, which run between Tuen Mun and Shenzhen Bay Port, starting 1 July 2007 (Sunday) at 6pm. The full fare of the Routes is HK$11. Meanwhile, several Octopus fare concessions will be offered, including Bus-Bus Interchange (“BBI”) packages, two-way section fare, Same Day Return Discounts and Holiday $2 Concession Scheme for Senior Citizens. Details are as follows: Route B3 Route B3, which runs via Tuen Mun Pierhead, Butterfly Estate, Lung Mun Oasis, Chi Lok Fa Yuen, Tuen Mun Town Centre, Tai Hing, Siu Hong Court and Shenzhen Bay Port, will operate daily from Tuen Mun Pierhead Public Transport Interchange between 6am and 10:10pm at every 15 to 20 minutes, and from Shenzhen Bay Port between 7am and 0:20am at every 20 minutes. The full fare is HK$11. Route B3X Route B3X, which runs via Tuen Mun Town Centre (near Tuen Mun Park) and Shenzhen Bay Port, will provide express services. The Route will operate daily from Tuen Mun Town Centre between 6:20am and 10:40pm, and from Shenzhen Bay Port between 6:50am and 11:10pm, at every 20 minutes. The full fare is HK$11. Octopus Fare Concessions On the same day, Octopus-paying passengers travelling on Citybus Routes 962, 962B, 962X or X962 can interchange to Route B3 to Shenzhen Bay Port, and a BBI fare concession of HK$1.5 on the second leg will be offered.
  • Newly Completed Babington Hill Residences at Mid-Levels West Now on the Market

    Newly Completed Babington Hill Residences at Mid-Levels West Now on the Market

    Love・Home Newly completed Babington Hill residences at Mid-Levels West now on the market Babington Hill, the latest SHKP residential project in the traditional Island West district, is nestled amidst lush greenery in close proximity to excellent transport links and famous schools. These residences have been finished to exacting standards and boast fashionable interiors with a distinctive appearance. Units are now on the market receiving an encouraging response. The best of everything Babington Hill is a rare new development for the area offering a range of 79 quality residential units with two to four bedroom layouts, all with outdoor areas, such as a balcony, utility platform, flat roof and/or roof to create an open, comfortable living environment. The development benefits from the use of high-quality building materials. The exterior design features a large number of glass curtain walls to provide transparency and create a spacious feeling. The clean and comfortable interior includes a luxurious private clubhouse equipped with a gym and an outdoor swimming pool. Famous schools and convenient transport The Development is situated next to the University of Hong Kong and Dean's Residence in the Mid-Levels of Hong Kong Island. It is near the Lung Fu Shan hiking trails, which provides quick and easy access to nature as well as a sanctuary of peace and tranquility. The area is home to a traditional and well-established network of elite schools, such as St. Paul's College, St. Stephen's Girls' College and St. Joseph's College, all of which provide excellent scholastic environments for the next generation to learn and thrive.