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The Mass Transit Railway (MTR) is a major public transport network serving Hong Kong.Operated by the MTR Corporation (MTRCL), it consists of heavy rail, light rail, and feeder bus services, centred around a 10-line rapid transit network, serving the urbanised areas of Hong Kong Island, Kowloon, and the New Territories.
The MTR has no autonomy in its fare setting, and the fare has to be set in accordance with a fixed formula. Originally, the mechanism aims to limit the soaring MTR fare increment by a transparent formulaic approach. However, Hong Kong has recorded continuous inflation in recent years, the MTR fare has then kept rising since 2010.
A Allocation of costs is the transfer of costs from one cost item to one or more other cost items. Allowance - a value in an estimate to cover the cost of known but not yet fully defined work. As-sold estimate - the estimate which matches the agreed items and price for the project scope. B Basis of estimate (BOE) - a document which describes the scope basis, pricing basis, methods ...
To Kwa Wan (Chinese: 土瓜灣) is an underground MTR rapid transit station on the Tuen Ma line in Hong Kong. It is located beneath Ma Tau Wai Road in central To Kwa Wan , Kowloon City District . The station was built as part of the Sha Tin to Central Link (SCL) project, and was opened on 27 June 2021 [ 2 ] along with the rest of phase 2 of the ...
8 (Incorporated into toll fee of Eagle's Nest Tunnel & Sha Tin Heights Tunnel) N/A: N/A Nam Wan Tunnel Map: 2009: 1.25: N/A: Hong Kong Government / TIML MOM Limited: Toll-free: N/A: N/A Scenic Hill Tunnel: 2018 1 N/A Hong Kong Government / Transport Infrastructure Management Limited Toll-free 466 N/A Airport Tunnel: 2018 0.6 N/A
On 11 November 2022, the government gazetted approval for the construction of the station. [12] On 8 September 2023, MTR awarded the contract for the design and construction of the station to Bouygues. [13] A groundbreaking ceremony was held on 29 September. [citation needed] East Rail Line trains are expected to start operating at this station ...
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All-in rate is a term used in both the construction industry and the financial sector. It refers to the total cost or rate charged for a service, including all associated fees and expenses. It refers to the total cost or rate charged for a service, including all associated fees and expenses.