Hong Kong authorities plan to have the delayed Pak Shek Kok station on the East Rail line open by 2033. The MTR Corporation will build the station, financed by developing private housing nearby. The station's location has been confirmed between Tai Po Market and University stations.
Hong Kong's MTR Corporation is running a new ad campaign featuring actor Kent Cheng to discourage escalator walking, citing over 500 accidents annually. The campaign aims to promote standing on both sides, reversing the long-standing 'stand on the right, walk on the left' norm.
A woman was injured when a ceiling panel fell and hit her leg at Telford Plaza in Kowloon Bay, Hong Kong. MTR Corp is investigating the incident, and the woman has been discharged from the hospital.
A signalling equipment failure near Po Lam station on Hong Kong's Tseung Kwan O line caused travel delays of 10-15 minutes during Thursday's evening rush hour. Normal service gradually resumed after the fault was fixed between 5:57 PM and 7:11 PM.
A signalling equipment failure near Po Lam station on Hong Kong's Tseung Kwan O MTR line caused 10-15 minute travel delays during Thursday evening rush hour. Some passengers were asked to disembark trains.
A semi-privatised corporation has successfully issued €3 billion in euro green bonds across three tranches (8, 12, and 20 years), marking the largest Asia ex-Japan non-sovereign offering of its kind. Demand exceeded expectations, with the order book reaching €10.2 billion.
Jacob Kam, 64, has been elected chairman of the Hong Kong General Chamber of Commerce, expressing strong confidence in the city's economic rebound and vowing to enhance its business environment and global competitiveness.
Hong Kong’s MTR Corporation will launch a large-scale railway exhibition at Hung Hom Station on May 16, featuring four retired trains and a new immersive train driving simulator. The rail giant said on Saturday that the exhibition, titled “Station Rail Voyage: Explorer”, would feature an expanded layout with a refreshed look. “The exhibition retains four iconic retired trains on display while introducing a new immersive train driving simulator and a range of interactive experiences, offering the...
Hong Kong’s railway operator has deployed augmented reality (AR) technology to speed up construction of a station on a new link serving the Northern Metropolis megaproject to ensure it opens on time next year. The MTR Corporation said on Tuesday that the power supply had been connected at Kwu Tung station and AR technology had been adopted to hasten progress. “Applying the AR inspection system will allow us to simulate future scenarios and help workers carry out the assembly work accurately and...
MTR Corporation has opened its first Integrated Wheelset Maintenance Centre at Ho Man Tin siding, a HK$300 million (US$38.3 million) facility capable of processing 1,500 wheelsets annually through automation. The centre will reduce labour-intensive maintenance from over three days to just 10 hours, serving the Tuen Ma and East Rail lines.
MTR Corporation has completed the largest green bond issuance in the Hong Kong dollar market, raising HK$18.8 billion (US$2.4 billion) through five-year, 10-year and 30-year bonds. The five-year tranche of HK$8.3 billion carried a 2.88% coupon, the 10-year HK$7.5 billion tranche was priced at 3.30%, and the 30-year HK$3 billion tranche at 4.00%. The overall order book exceeded HK$60 billion, three times the issue size, reflecting strong institutional demand, particularly for the 30-year bond which attracted retirement fund managers.
Hong Kong’s MTR Corporation said on Monday that it had received eight bids for a commercial and residential development at one of the critical hubs in the Northern Metropolis, a large-scale project that aims to bolster the city’s economic base and foster closer integration with the Greater Bay Area. The number of bids for the Kam Sheung Road Station Phase Two property development exceeded expectations, indicating developers’ interest in the Northern Metropolis project, according to analysts. The...
Hong Kong homebuyers’ strong demand for new flats extended a streak of brisk sales for developers with one project selling out in a single day, underscoring the city’s broader recovery in housing prices. All 88 units at the Pavilia Farm III project by New World Development and MTR Corporation in Sha Tin were sold on Saturday, prompting the developers to put 75 more flats on sale later that night. Elsewhere in Kai Tak, 133 units of KT Marina II were snapped up over the weekend, according to...
