What is the business model of Hong Kong MTR?
What is the business model of Hong Kong MTR? Another approach under private-public partnership is called the rail-plus-property business model, where the MTR Corp builds commercial and residential properties above new stations to fund railway expansion.
How does the MTR make money?
MTR stations host more than 1,400 shops and nearly 47,000 advertising units. The company charges rent as well as earning money from telecoms operators by allowing them to provide mobile network coverage inside the rail system.
Why is Hong Kong MTR so good?
Its affordable transport network has high station density and a strong rail network for the city's large population. It's a popular mode of transit among commuters, despite the fact that it isn't available 24/7, like in some cities.
What is the most used transportation in Hong Kong?
Mass Transit Railway (MTR) is the most used and most popular mode of public transport in Hong Kong. It connects 80 stations across Kowloon, Lantau Island, Hong Kong Island and the New Territories, over ten lines. They run very frequently every 2-4 minutes from 6 AM till 1 AM.
Why is MTR a monopoly?
As Hong Kong is very densely populated, there would be no physical space for another railway network to perform in Hong Kong. The MTR already connects a large number of Hong Kong areas to each other, and while the MTR line can be extended, there could not be another corporation competing in the same field.