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.
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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.
Properties owned/ developed/ managed by MTR: 42
Property developments under construction/ planning: 9
WR Line property development (as Government agent): 9
Application of Railway plus Property Model in Hong Kong
Railway plus Property (R + P) Model
Synergy of R+P Model
Property Development Property Development
Highway/Open Space
Station
Link bridge
Horizontal Integration
Retail
Property Development
Link bridge
Transport Interchange
Station
Vertical Integration
MTR Kowloon Station
Express Rail Link
Route Length 26km (tunnels) – HK section
Station 1 Terminus
Journey Time 14 mins (to Futian) ; 48 mins (to Shibi)
Status Construction commenced in Jan 2010
Target Completion 2015
Overall Completion – 38%
• 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
• MTR Patronage & Revenue• Line flow• Station in/out flow • Interchange flow
No. of passengerscrossing the boundaryby different transports
Public transport usageand market shares
Highway Network
Economic Data (GDP)
Population & Employment (TPEDM)
Railway Network
Public Transport Modes & Fares
Transport Model (4-stage)Demand ProjectionDistribution Pattern AnalysisMode Choice AnalysisRoute Choice Assessment