High-Quality Rail Assets and Unique Business Model Underpin Competitive Advantages for MTR
MTR Corp will take a HKD 2 billion provision for the construction issue at the Hung Hom station and another GBP 43 million, or HKD 430 million for its 30%-owned First MTR South Western Trains in the United Kingdom. Discussion with the government regarding a settlement for the construction issues at Hung Hom station is ongoing. MTR is responsible for the construction of the Shatin-Central Link, or SCL, project and is liable for any additional costs as set out in the agreement. Total liability is ...MTR is a railway operator. Co. operates a rail-based transportation system in Hong Kong, comprising Domestic and Cross-boundary services, an Airport Express railway and a light rail system. Co. also provides intercity services to and from the Mainland of China as well as a small bus operation in Hong Kong offering convenient feeder services. Co.'s segments include: Hong Kong transport operations; Hong Kong station commercial businesses; Hong Kong property rental and management businesses; Hong Kong property development; railway, property rental and management businesses outside Hong Kong; Mainland of China property development; and other businesses.
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