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Moving MillionsThe Commercial Success and Political Controversies of Hong Kong's Railway$
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Rikkie Yeung

Print publication date: 2008

Print ISBN-13: 9789622098824

Published to Hong Kong Scholarship Online: September 2011

DOI: 10.5790/hongkong/9789622098824.001.0001

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Epilogue

Epilogue

Chapter:
(p.263) Epilogue
Source:
Moving Millions
Author(s):

Rikkie Yeung

Publisher:
Hong Kong University Press
DOI:10.5790/hongkong/9789622098824.003.0012

On December 12, 2007, the history of Hong Kong railways turned to a new page. The operation of all railways systems was merged under MTRC Limited. The KCRC ceased to be a railway operator and was restructured into a government entity holding the KCR railway assets. Today, the challenges for the MTRC are far more complex than they were in the 1970s. MTRC Limited is a listed company of mixed public-private ownership, mixed legal framework, mixed business dealings in railways and property development, and it is subject to conflicting objectives of public interest and private profit. It seeks to expand its railway networks and diversify business to a wide range of non-railway matters in Hong Kong as well as overseas where the political and policy environments are diverse. More problematically, a complete merger with the management of the KCRC would take a few years.

Keywords:   Hong Kong railways, MTRC Limited, railway operator, KCRC, railway monopoly

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