MILESTONES AND MAJOR EVENTS

January A new February MTR successfully tapped the HK dollar debt shareholders’ agreement was signed market through a HK$2.35 billion, 3-tranche fixed rate note issue for Creative Star on very fine terms, attracting strong subscription from fund Limited under which the previous non-profit managers, insurance companies and banks. making restriction was removed. MTR continues to be the February The Company was selected as operations and majority shareholder of Creative Star. maintenance consultant for the metro systems in Bangkok and Kao- shiung, signifying continued growth in our rail consultancy business.

March Refurbish- May MTR was ment for all trains on presented with “The the Island Line and General Secretariat the Tsuen Wan Line Award for Innovation in was successfully Public Transport” by the concluded. The train International Association modernisation of Public Transport programme is well (UITP) World Congress. on the way to full MTR was the only completion by Asian company to October 2001. receive this honour.

May Installation of platform screen doors commenced at May The weekday evening peak service Choi Hung Station. The retrofitting of platform screen doors for all was enhanced for 2 underground stations will be completed by 2006. all three Urban Lines, providing greater convenience and a more June A ceremony comfortable was held at Tseung travelling Kwan O Depot to mark environment for the completion of all our passengers. civil engineering works for the Tseung Kwan O Extension. This new MTR line is June Effective on schedule for public 1 June, MTR shares opening in late 2002. were included as one of the constituent stocks in The first trains for the Tseung Kwan O Extension were the Hang Seng Index June as well as in the successfully tested in Changwon, South Korea. These are MTR’s MSCI Provisional Index Series. first Asia-built trains and will be delivered to Hong Kong later this year for testing and commissioning.

July MTR July The tender for the Choi Hung Park and Ride Development commenced operation was successfully awarded to Chun Wo Holdings Limited. and maintenance of the Automated People Mover at the Hong The Olympian Tower, a 26-storey office tower located at Kong International July Airport. the MTR Olympic Station, was sold to the Bank of China Group.

July A competitive July The Company submitted to Government a proposal on the project proposal was submitted to Island Line Extensions, comprising the North Island Line and the Government by West Island Line, which are natural extensions of the MTR system. the Company to build, operate and finance the Shatin to July The Company submitted a competitive tender to construct and operate a cable car Central Link. linking with , the site of the Po Lin Monastery and the Big Buddha.