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Two workers changing the sign at East Tsim Sha Tsui station after the merger Ticket gates at key interchange stations were removed one year after the merger. On 2 December 2007, the two major railway companies in Hong Kong, the Kowloon-Canton Railway Corporation, which operated the Kowloon-Canton Railway, and the MTR Corporation, which operated the MTR, merged their operations.
The Kowloon-Canton Railway Corporation (KCRC; Chinese: 九廣鐵路公司) is a Hong Kong wholly government-owned railway and land asset manager. [1] It was established in 1982 under the Kowloon-Canton Railway Corporation Ordinance for the purposes of operating the Kowloon–Canton Railway (KCR), and to construct and operate other new railways.
In 2017, the Hong Kong Government announced that Guangzhou–Shenzhen–Hong Kong Express Rail Link would be leased to KCRC, and MTR would operate the railway under the rail merger service concession agreement. [10]
"Hong Kong Railway Corporation Limited") after being granted the Service Concession while the English name will remain unchanged. [7] [8] The KCRC is now a holding company of the KCR system, without actual railway operations. The merger was approved by shareholders of the MTRCL on 9 October 2007. The merger is effective for 50 years.
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.
Designed in 14 months, the first train, officially named East West Line Train, arrived in Hong Kong in June 2016 and began passenger service on the Ma On Shan Line on 12 March 2017. [ 33 ] [ 34 ] Contract 1141B for 37 9-car R-trains for the North South Corridor was awarded to Hyundai Rotem of South Korea in December 2012.
Rail Merger Ordinance passed by LegCo [11] 9 October 2007 Merger Package passed with 82.3% agreement by minority shareholders of MTRC [12] 2 December 2007 Merger completed, KCR no longer operated railway; Immediate price reduction [13] 30 June 2009 End of ‘non-adjusting price’ period, fare adjustment started depending on the mechanism [14]
The MTR, the rapid transit system of Hong Kong, encompasses 10 heavy rail lines and 98 stations as of May 2022. The following list sorts the stations according to their service line. In addition to the 98 metro stations listed on this page, the MTR system also consists of 68 light rail stops and one high-speed rail terminus in the city. [1]