![]() MTR receives a share of the profits that developers make from these properties this share could be a percentage of total development profits, a fixed lump sum, or a portion of commercial properties built on the site. The choice of private developer is made through a competitive tender process. MTR then builds the new rail line and partners with private developers to build properties. To convert these development rights to land, MTR pays the government a land premium based on the land’s market value without the railway. For new rail lines, the government provides MTR with land “development rights” at stations or depots along the route. The key is a business model called “Rail plus Property” (R+P). One important reason the system has been able to perform so well is that the government of Hong Kong has enabled MTR to make money from the property-value increases that typically follow the construction of rail lines. The average fare for an MTR trip in 2014 was less than $1.00, well under base fares in Tokyo (about $1.50), New York ($2.75), and Stockholm (about $4.00). MTR fares are also relatively low compared with those of metro systems in other developed cities. It not only performs well-trains run on schedule 99.9 percent of the time-but actually makes a profit: $1.5 billion in 2014. MTR’s railway system covers 221 kilometers and is used by more than five million people each weekday. The whole system operates on a self-sustaining basis, without the need for direct taxpayer subsidies. But even as metro systems get bigger and serve more people, most continue to lose money.įor more than three decades, though, Hong Kong’s MTR Corporation has defied the odds and delivered significant financial and social benefits: excellent transit, new and vibrant neighborhoods, opportunities for real-estate developers and small businesses, and the conservation of open space. TerraGo Edge 4® (using this free mobile apps to read GeoPDF®, charges is required for advanced function) įor more information and tips, please refer to the " e-HongKongGuide User Guide".Cities around the world are building or expanding public-transit systems to cope with population growth and urbanization.Avenza Map® and Paper Maps® (using these free mobile apps to read the geo-referenced map).Adobe Reader® and Foxit PDF® (using these free desktop and mobile apps to read PDF files).TerraGo Toolbar® (using this free desktop plugin to read the guide map).The following examples are not intended to be exhaustive. ![]() ![]() ApplicationĮ-HongKongGuide can be read by a number of desktop and mobile apps. Users can also access the previous e-HongKongGuide editions from this website. Furthermore, users can also search coordinates, text and information, add personalised images and information, and share with friends. Users can easily locate their positions on the " e-HongKongGuide" maps using free map applications with satellite positioning functions. The " e-HongKongGuide" maps are in GeoPDF format which can be read on desktop computers and applications on mobile devices in offline mode. The map information in this Guide is valid as of December 2022. If the transport, leisure, cultural, sport and any other information in this Guide differ from those on ground, readers should seek confirmation from relevant government departments, authorities, organizations or institutions. The representation of a road, track or path on the " e-HongKongGuide" map does not imply a right of way. Maps can also be printed out in A3/A4 sizes for personal use. Button links are provided on the maps and indexes for easy surfing on desktop computers. The maps cover the whole territory of Hong Kong, with urban areas and other built-up areas represented in larger scale. The redesigned " e-HongKongGuide" provides 119 detailed maps of Hong Kong in A3/A4 sizes, gazetteers of street and place names, and indexes of estates and buildings.
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