14 Facts About MTR Corporation

MTR Corporation Limited is a majority government-owned public transport operator and property developer in Hong Kong which operates the Mass Transit Railway, the most popular public transport network in Hong Kong.

The MTR Corporation additionally invests in railways across different parts of the world, including franchised contracts to operate rapid transit systems in London, Sweden, Beijing, Hangzhou, Macau, Shenzhen, Sydney, and a suburban rail system in Melbourne.

Mass Transit Railway MTR Corporation was established on 22 September 1972 as a government-owned statutory corporation to build and operate a mass transit railway system to meet Hong Kong's public transport needs.

The MTR Corporation has continued to be one of the few profitable public transport systems in the world.

Executive Council determined that since MTR Corporation had to apply for land grants from the government, it was the government's decision on how land above MTR Corporation stations should be allocated, stating "the grant of comprehensive development rights on land affected by railway installations will be discretionary".

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Report noted that 40 per cent of MTR Corporation's revenue is currently from property, and that the original intent of using property revenue for contingency purposes had shifted into a different, unsustainable model where property is used to subsidise operations and construction of new stations.

The rail lines are profitable, but the MTR Corporation derives most of its profits from property development and other commercial activities in Hong Kong, including the letting of retail and poster advertising space, ATM banking facilities, and personal telecommunication services.

The image shows an MTR Corporation Vibrant Express train at Guangzhou South railway station.

The MTR Corporation tries to develop suitable sites related to their new railway projects and their existing railway.

For instance, the reclaimed land situated in West Kowloon that is owned by the MTR Corporation will be developed into an area with residential, office and retail space.

The MTR Corporation owns several shopping centres, as well as the International Finance Centre.

MTR Corporation invested heavily to develop large shopping centres around MTR stations.

MTR Nordic AB is a subsidiary of MTR Corporation UK based in Stockholm that operates in the public transportation sector through four subsidiaries.

MTR Railway Operations Company Limited, a wholly owned subsidiary of MTR Corporation, operates the Taipa Line of the Macau Light Rapid Transit in Macau since the line's opening on 10 December 2019.