With an average weekday patronage of over 5.4 million passengers, MTR is regarded as one of the world's leading railway operators for safety, reliability, customer service and cost efficiency.
The MTR Corporation was established in 1975 as the Mass Transit Railway Corporation with a mission to construct and operate, under prudent commercial principles, an urban metro system to help meet Hong Kong's public transport requirements. The sole shareholder was the Hong Kong Government.
The Company was re-established as the MTR Corporation Limited in June 2000 after the Hong Kong Special Administrative Region Government sold 23% of its issued share capital to private investors in an Initial Public Offering. MTR Corporation shares were listed on the Stock Exchange of Hong Kong on 5 October 2000.
The Corporation marked another major milestone on 2 December 2007 when the operations of the other Government-owned rail operator, the Kowloon-Canton Railway Corporation, were merged into the MTR, heralding a new era in Hong Kong railway development.
Other than bringing more efficient and competitively-priced services to local rail passengers, the merger brought new growth opportunities to the MTR Corporation's businesses in and outside of Hong Kong.
The merged rail network comprises nine railway lines serving Hong Kong Island, Kowloon and the New Territories. In addition, a Light Rail network serves the local communities of Tuen Mun and Yuen Long in the New Territories while a fleet of buses provide convenient feeder services.
The Corporation also operates the Airport Express, a dedicated high-speed link providing the fastest connections to Hong Kong International Airport and the city's major exhibition and conference centre, AsiaWorld-Expo.
From Hong Kong, passengers can travel with ease to Guangdong Province, Beijing and Shanghai in the Mainland of China using the MTR's intercity railway services.
Property and Railway-related business
Today, MTR Corporation is involved in a wide range of business activities in addition to its railway operations. These include the development of residential and commercial projects, property leasing and management, advertising, telecommunication services and international consultancy services.
Mainland and International Businesses
From its starting base in Hong Kong, the Corporation has expanded into the Mainland of China and taken on a range of railway-related projects and operations internationally. In the Mainland of China, the Corporation has been involved in the construction of and now operates Beijing Metro Line 4 and Line 14, Shenzhen Metro Line 4 (Longhua Line) and Hangzhou Metro Line 1. The Corporation also operates and manages London Overground in the United Kingdom, Melbourne Metro in Australia, Stockholm Metro and intercity service between Stockholm and Gothenburg in Sweden. The Corporation was awarded the Crossrail Train Operating Concession in the United Kingdom in July 2014, and in September 2014 the Northwest Rapid Transit Consortium, of which the Corporation is a shareholder, was awarded the Operations, Trains and Systems Public-Private Partnership contract for the North West Rail Link project in Sydney. In February 2015, Beijing MTR Corporation Limited, of which we are a shareholder, initialled the Concession Agreement for Beijing Metro Line 16 and it will participate in the investment, operations and maintenance of this new line under PPP. The scope of the Corporation's consultancy business also widened to cover cities across Asia, Australia and the Middle East.
In addition, based on the successful "rail plus property" development model in Hong Kong, the Corporation has expanded into the Mainland of China with property businesses in Beijing, Shenzhen and Tianjin. The Corporation is undertaking its first property development project in the Mainland of China after winning a tender for a development site at the Shenzhen Metro Line 4 (Longhua Line) Depot in 2011.
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The management of the Corporation is overseen by a chief executive officer and an executive committee. They report to a Board headed by a non-executive chairman and made up of local business and community leaders and government representatives.
The Corporation is committed to a high standard of business ethics and integrity. To foster an ethical culture in the workplace, all staff are required to follow a Code of Conduct in their daily duty.