Hong Kong Railway plus Property Funding Model

Hong Kong Railway plus Property Funding

Model

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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

Enhance Project Attractiveness