Management & Operations

Hong Kong rail chief to step down a year early

Posted on July 16, 2014

HONG KONG — MTR Corp. chief executive Jay Walder will step down next month — a year earlier than scheduled — after an internal report yesterday criticised him for "poor judgment" over the delayed $8.6 billion cross-border rail project, the South China Morning Post reported.

The MTR announced in April that construction problems had pushed completion back to 2017.

The decision was a "mutual agreement" that would be "beneficial" to the company and had nothing to do with the report, MTR Corp chairman Raymond Chien Kuo-fung said, according to the report.

For the full story, click here.

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

More News

Former MBTA chief: System fix, expansion 'tall order'

Rich Davey said plans for a $2.2 billion commuter rail extension and fixing the system without raising new taxes will be difficult.

MasterCard, Cubic announce global fare payment partnership

As part of the agreement, MasterPass, MasterCard’s secure digital payment service, will be integrated with Cubic’s NextWave ticketing and journey planning app.

D.C. Metro board members want to refocus search for system chief

Some members said they want to shift the emphasis of the search to focus on a fresh batch of candidates whose skills are more suited to fixing problems that have come to light in the transit system in recent months.

Seattle introduces transit fares based on income

The reduced ORCA LIFT fare will be available to riders earning at or below 200% of the federal poverty level, about $23,340 annually for an individual or $47,700 for a family of four.

SFRTA taps new deputy executive director

C. Mikel Oglesby brings almost a quarter of a century of experience in the transit industry to his position, most recently operating Oglesby Consulting LLC, a firm he established to provide transportation expertise to the public and private sectors.

See More News

Post a Comment

Post Comment

Comments (0)

Please sign in or register to .    Close