Carrying an average of 3.9 million passengers every weekday, the MTR is regarded as one of the world's leading railways for safety, reliability, customer service and cost efficiency.
The MTR Corporation was established in 1975 as the Mass Transit Railway Corporation with a mission to construct and operate, under prudent commercial principles, an urban metro system to help meet Hong Kong's public transport requirements. The sole shareholder was the Hong Kong Government.
The Company was re-established as the MTR Corporation Limited in June 2000 after the Hong Kong Special Administrative Region Government sold 23% of its issued share capital to private investors in an Initial Public Offering. MTR Corporation shares were listed on the Stock Exchange of Hong Kong on 5 October 2000.
The Corporation marked another major milestone on 2 December 2007 when the operations of the other Government-owned rail operator, the Kowloon-Canton Railway Corporation, were merged into the MTR, heralding a new era in Hong Kong railway development.
Other than bringing more efficient and competitively-priced services to local rail passengers, the merger brings new growth opportunities to the MTR Corporation's businesses in and outside of Hong Kong.
The merged rail network comprises nine railway lines serving Hong Kong Island, Kowloon and the New Territories. In addition, a Light Rail network serves the local communities of Tuen Mun and Yuen Long in the New Territories while a fleet of buses provide convenient feeder services.
The Corporation also operates the Airport Express, a dedicated high-speed link providing the fastest connections to Hong Kong International Airport and the city's newest exhibition and conference centre, AsiaWorld-Expo.
From Hong Kong, passengers can travel with ease to Guangdong Province, Beijing and Shanghai in the Mainland of China using the MTR's intercity railway services.
Property and Railway-related business
Today, MTR Corporation is involved in a wide range of business activities in addition to its railway operations. These include the development of residential and commercial projects, property leasing and management, advertising, telecommunication services and international consultancy services.
China and International Business
From its starting base in Hong Kong, the Corporation has expanded into the Mainland of China and taken on a range of railway-related projects and consultancies internationally. The Corporation is involved in the building and operations of the Beijing Metro Line 4 and Shenzhen Metro Line 4 and in the operating of the London Overground system in the United Kingdom, the Melbourne Train System in Australia and Stockholm Metro in Sweden. The scope of the Corporation's consultancy business has also widened to cover cities across Asia, Australia, the Middle East and Europe.
The management of the Corporation is overseen by a chief executive officer and an executive committee. They report to a Board headed by a non-executive chairman and made up of local business and community leaders and government representatives.
The Corporation is committed to a high standard of business ethics and integrity. To foster an ethical culture in the workplace, all staff are required to follow a Code of Conduct in their daily duty.
updated 29th June, 2011
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