Management & Operations

Clever financing keeps Hong Kong metro profitable

Posted on September 12, 2013

Hong Kong metro photo via Wikimedia Commons by yeowatzup
Hong Kong metro photo via Wikimedia Commons by yeowatzup
HONG KONG — Mass Transit Railway (MTR), which manages the subway and bus systems on Hong Kong, is considered the gold standard for transit management worldwide. In 2012, the MTR turned a profit of $2 billion, with farebox recovery ratio of 185%, the world's highest, The Atlantic reported.

Following the concept of "value capture," the Hong Kong metro essentially functions as part of a vertically integrated business that, through a "rail plus property" model,  controls both the means of transit and the places passengers visit upon departure, according to the report. For the full story, click here.

RELATED: "Report probes land 'value capture' to fund transit."

View comments or post a comment on this story. (0 Comments)

More News

Milwaukee County bus drivers set to strike

The drivers’ union president said the strike will begin at 3 a.m. Wednesday. Both sides are set to meet with a mediator Tuesday for one last opportunity to reach a deal.

NY senate extends, expands bus lane camera program

Across all Select Bus Service corridors that have adopted bus lane cameras, the Metropolitan Transportation Authority found trip times decreasing by an average of 10% to 25%.

NY MTA being sued for refusing ad

The lawsuit by Vaguely Qualified Productions LLC is a challenge to a new MTA policy banning ads of a political nature from its buses and subways.

LTD to pay headhunter $44K to recruit new GM

Last week, the LTD Board met with invited community members to discuss and hone the characteristics they want to see in the next GM, which they expect to pick in October.

Calif. Bay Area residents say they'd pay for public transportation

In a recent poll, 59% said they would support a second Transbay Tube to help ease BART’s overcrowding, even though the price would be high. The poll did not offer cost estimates or ask if those surveyed would be willing to tax themselves for the improvement.

See More News

Post a Comment

Post Comment

Comments (0)

More From The World's Largest Fleet Publisher

Automotive Fleet

The Car and truck fleet and leasing management magazine

Business Fleet

managing 10-50 company vehicles

Fleet Financials

Executive vehicle management

Government Fleet

managing public sector vehicles & equipment

TruckingInfo.com

THE COMMERCIAL TRUCK INDUSTRY’S MOST IN-DEPTH INFORMATION SOURCE

Work Truck Magazine

The resource for managers of class 1-7 truck Fleets

Schoolbus Fleet

Serving school transportation professionals in the U.S. and Canada

LCT Magazine

Global Resource For Limousine and Bus Transportation

Please sign in or register to .    Close