Transcript highway fare

Hong Kong Railway
plus Property Funding
Model
Disclaimer:
The views expressed in this document are those of the author, and do not necessarily reflect the views and policies of the Asian Development Bank
(ADB), its Board of Directors, or the governments they represent. ADB does not guarantee the accuracy of the data included in this document, and
accept no responsibility for any consequence of their use. By making any designation or reference to a particular territory or geographical area, or by
using the term “country” in this document, ADB does not intend to make any judgments as to the legal or other status of any territory or area.
Application of Railway plus
Property Model in Hong Kong
Properties owned/
developed/ managed by
MTR: 42
Property developments
under construction/
planning: 9
WR Line property
development (as
Government agent): 9
Railway plus Property (R + P) Model
Synergy of R+P Model
Horizontal Integration
Property Development
Property Development
Station
Link bridge
Highway/Open Space
Vertical Integration
Property Development
Retail
Link bridge
Transport
Interchange
Station
MTR Kowloon Station
Express Rail Link
Overall Completion – 38%
Route Length
Station
26km (tunnels) – HK section
1 Terminus
Journey Time
14 mins (to Futian) ; 48 mins (to Shibi)
Status
Construction commenced in Jan 2010
Target Completion
2015
Enhance Project Attractiveness
•
Modesty and realism in planning and implementation
•
•
Complexity and Size of the Project vs Market Capability
Robust feasibility studies
•
•
•
Objective Demand Forecast
Strong Economic and Financial Appraisal
Public response to fare level
Highway Network
Railway Network
Economic Data (GDP)
Population & Employment
(TPEDM)
Public Transport Modes &
Fares
Transport Model (4-stage)
Demand Projection
Distribution Pattern Analysis
Mode Choice Analysis
Route Choice Assessment
No. of passengers
crossing the boundary
by different transports
•MTR Patronage & Revenue
•Line flow
•Station in/out flow
•Interchange flow
Public transport usage
and market shares