The Hong Kong Transport and Housing Bureau releases the fare adjustment mechanism applicable to the monopolist railway company (MTRCL)

The joint review of the Fare Adjustment Mechanism (“FAM”) of the MTR Corporation Company Limited (“MTRCL”), the only railway company in Hong Kong, by the Government of the Hong Kong Special Administrative Region (“HKSARG”) and MTRCL was completed. The outcome of the review was approved by the Executive Council of the Hong Kong Special Administrative Region on 16 April 2013 [1]. The MTR Corporation (now MTRCL) was established in 1975 with the HKSARG as the sole shareholder. MTR Corporation was re-established as the MTRCL and became listed on the Stock Exchange of Hong Kong in 2000 after the HKSARG sold 23% of its issued share capital to private investors in an Initial Public Offering [2]. MTRCL was merged with the Kowloon-Canton Railway Corporation, the other railway company in Hong Kong

Access to this article is restricted to subscribers

Already Subscribed? Sign-in

Access to this article is restricted to subscribers.

Read one article for free

Sign-up to read this article for free and discover our services.

 

PDF Version

Author

  • University College London

Quotation

Kimyi Chan, The Hong Kong Transport and Housing Bureau releases the fare adjustment mechanism applicable to the monopolist railway company (MTRCL), 16 April 2013, e-Competitions April 2013, Art. N° 53393

Visites 241

All issues

  • Latest News issue 
  • All News issues
  • Latest Special issue 
  • All Special issues