Rail

MTR-Hong Kong to operate Swedish metro system

Posted on January 23, 2009

[IMAGE]Stockholm-MetroFull.jpg[/IMAGE] Hong Kong-based MTR has won a contract to operate the Stockholm Metro (SL).

MTR will have overall responsibility for the Stockholm Metro operations for a minimum of eight years, with a possible extension for an additional six years.

The agreement stipulates that SL will pay MTR a fixed price of $300 million annually. The agreement also contains financial incentives covering several areas, such as traffic operations, cleaning, punctuality, and customer satisfaction. The maximum amount of financial incentives is $17.6 million annually.

In addition to the actual traffic operations, the assignment also includes the following main service areas: vehicle maintenance, customer service, cleaning and snow clearance. SL will continue to own the track and station infrastructure and the maintenance responsibility for those assets.

 

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

More News

Metra to install suicide prevention signs

The signs will be developed and finalized as part of a Mental Health Awareness Symposium to be hosted by Metra in September to coincide with National Suicide Awareness Month.

Accident, no shows plague commute for LIRR, NJ Transit passengers

Some NJ TRANSIT trains have been canceled this week because engineers are choosing not to work under the terms of their contract amid the summer-long repair work at Penn Station.

Mayor says Miami-Dade can't afford to build more rail lines

Mayor Carlos Gimenez’s $534 million proposal for rapid-bus routes would indefinitely defer the Metrorail expansion promised voters in 2002 during a referendum for a half-percent transportation tax.

FTA, Maryland Transit Administration appeal judge's Purple Line decision

Ruling called for an additional environmental study of the light rail line, despite the fact the project had already been studied and signed-off on by the feds. 

Breakdowns, staffing part of growing Miami Metrorail safety concerns

When state inspectors visited Miami-Dade in late 2016, they concluded the county needed 84 working Metrorail cars a day but that mechanical problems left only 72 that could be deployed for service. State inspectors returned in late June and found Miami-Dade’s daily goal was to have only 60 Metrorail cars in service.

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 number 1 resource for vocational 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