MTR Corporation#United Kingdom

The Mass Transit Railway Corporation ({{zh|t=地下鐵路公司}}) was established on 22 September 1972 as a government-owned statutory corporation to build and operate a mass transit railway system to meet Hong Kong's public transport needs. On 30 June 2000, the MTRC was succeeded by the MTR Corporation Limited (MTRCL, {{zh|labels=no |t=地下鐵路有限公司}}). As with the MTRC, the MTRCL's principal business is to operate the mass transit railway system. Following a successful initial public offering, the MTRCL was listed on the Hong Kong Stock Exchange on 5 October 2000, however, the government is still the majority stakeholder in the MTRCL.

On 11 September 2000, the financial secretary of the Hong Kong Government, Sir Donald Tsang, announced the partial privatisation of MTR Corporation Limited.{{cite press release|url=http://www.info.gov.hk/gia/general/200009/11/0911261.htm|title=MTR Privatisation Share Offer (NOT for distribution outside Hong Kong)|publisher=Hong Kong SAR Government|date=11 September 2000|access-date=11 February 2017}} The offering was for one billion shares, but this was increased to 1.15 billion due to high demand.{{cite web|url=http://www.hkexnews.hk/listedco/listconews/SEHK/2001/0321/0066/F109.pdf|title=Executive Management's Report – Business Overview|publisher=Hong Kong Exchanges and Clearing Limited|access-date=11 February 2017}} On 5 October 2000, the company was listed on the Hong Kong Stock Exchange with 600,000 shareholders. In June 2001, MTR was added to the Hang Seng Index.

At the time of the initial public offering, the company was operating with a surplus of HK$360 million (US$46.1 million), which had increased from a surplus of HK$278 million (US$35.6 million) in 1997. The MTR has continued to be one of the few profitable public transport systems in the world.{{cite web|url=https://money.cnn.com/2015/03/30/news/hong-kong-mtr-subway-property|title=How Hong Kong's subway turns a $2 billion annual profit|publisher=CNN|date=30 March 2015|access-date=11 February 2017}}

{{Main|MTR–KCR merger}}

File:Hong Kong Railway Route Map 2007 en.svg

File:MTR NamCheong 1.jpg

There had been some discussion of merging the Kowloon-Canton Railway Corporation (KCRC), which was also government-owned and the MTRCL to make the territory's transport system more efficient. The MTRCL backed such a merger while the KCRC opposed the plan. In March 2004, the Hong Kong Government officially encouraged the two companies to merge.

On 11 April 2006, the Hong Kong Government officially announced the details of the proposed merger. Under the non-binding Memorandum of Understanding the government has signed with KCRC, KCRC would grant a service concession to the MTRCL to operate the Kowloon–Canton Railway (KCR) system, with an initial period of 50 years. The KCRC would receive a one-time upfront payment of HK$4.25 billion, a fixed annual payment of HK$750 million and a variable annual payment based on revenues generated from operation of the KCR system. In addition, MTRCL would make a payment of $7.79 billion for the acquisition of property and other related commercial interests.{{cite web|url=http://www.info.gov.hk/gia/general/200604/11/P200604110236.htm|title=Press Release: Government has reached understanding with MTRCL on the terms for merging the MTR and KCR systems|publisher=Hong Kong SAR Government|date=11 April 2006|access-date=17 November 2007}}

The KCRC's lines were less profitable than those of the MTRC, and the KCRC was less active in property development. It was widely considered that the government's choice was to avoid being criticised for selling assets of the KCRC, which it wholly owned, to MTRCL for an unreasonably low price. Leasing the operation rights of the KCR system to the MTRCL avoided actually selling the KCRC.{{fact|date=May 2021}}

On 2 December 2007, the Chinese name of the MTRCL was changed to {{lang|yue-HK|香港鐵路有限公司}}{{cite web|url=http://www.legco.gov.hk/yr05-06/english/bills/b0606301.pdf|title=Rail Merger Bill|publisher=Legislation Council of the Hong Kong SAR|access-date=8 November 2007}} ({{lit}} "Hong Kong Railway Corporation Limited") after being granted the Service Concession while the English name will remain unchanged.{{cite press release

| title = Appointments announced for post-merger MTR Corporation Limited

| publisher=Hong Kong Government

| date = 8 August 2007

| url = http://www.info.gov.hk/gia/general/200708/08/P200708080125.htm

| access-date = 10 November 2007}} (Comparing with the [http://www.info.gov.hk/gia/general/200708/08/P200708080126.htm Chinese version]){{cite press release

| title = Rail Merger Bill to be introduced into Legco (English name remain MTR)

| publisher = Hong Kong Government

| date = 8 June 2006

| url = http://www.info.gov.hk/gia/general/200606/28/P200606280167.htm

| access-date = 15 November 2007

}} (Comparing with the [http://www.info.gov.hk/gia/general/200606/28/P200606280164.htm Chinese version] {{Webarchive|url=https://web.archive.org/web/20090909020358/http://www.info.gov.hk/gia/general/200606/28/P200606280164.htm |date=9 September 2009 }}) The KCRC is now a holding company of the KCR system, without actual railway operations. The merger was approved by shareholders of the MTRCL on 9 October 2007. The merger is effective for 50 years. This also resulted in changing the system's Chinese name from "{{lang|yue-HK|地鐵}}" ("Subway") to "{{lang|yue-HK|港鐵}}" "(Hong Kong Railway").

{{anchor|Fare reductions}}All adult Octopus Card holders would be the first to benefit from the merger.[https://web.archive.org/web/20070601232023/http://www.hketousa.gov.hk/usa/press/2006/apr06/041106.htm Railway Merger Proposal in Hong Kong Gets Green Light], Hong Kong Economic and Trade Office in United States. Student and concessionary Octopus holders would also benefit from the merger by further reducing $0.1 from their 50% off fares.[http://www.thb.gov.hk/eng/policy/transport/issues/pmmks/Fact%20Sheet%20(Eng).pdf Fact Sheet (Eng)], Merger of the MTR and KCR systems. Student Octopus holders would continue to pay the current reduced concessionary fares on the MTR network. Elderly Octopus holders would be introduced to a new fare system which only the elderly can enjoy a $2 fare to anywhere on the MTR network (excluding Airport Express, Light Rail, and Cross-Boundary Stations).[http://www.mtr.com.hk/eng/whatsnew/fare10tips/elder$2_e.pdf Elders ride on the MTR on Sundays and public holidays for just $2 for the whole journey].

In July 2021, Liber Research Community, an NGO, produced a report which detailed the history of MTR's revenue model.{{Cite web|last=lrcresearcher|title=還原「物業帶動鐵路」的歷史時空|url=https://liber-research.com/07_2021_mtr1/|access-date=2021-08-04|website=Liber Research Community|date=6 July 2021 |language=zh-HK}} In it, it reported that the "Rail + Property" development model was originally formed to offset unexpected financial difficulties with creating the original MTR lines, with original estimates that MTR's property would account for approximately 20 per cent of its total revenue.

The Executive Council also determined that since MTR had to apply for land grants from the government, it was the government's decision on how land above MTR stations should be allocated, stating "the grant of comprehensive development rights on land affected by railway installations will be discretionary". Land above stations would not necessarily be used to build private housing to maximize MTR's revenue, but could be used to solve issues of housing in Hong Kong, such as by developing public housing instead. The Executive Council also noted that "revenue from property development was not originally envisaged as being used as a means of financing the capital cost of the railway itself" and that revenue from property development was to be used for a "contingency reserve", such as for offsetting excessive construction costs.

The report noted that as of 2017, 40 per cent of MTR's revenue is from property and that the original intent of using property revenue for contingency purposes had shifted into a different, unsustainable model where property is used to subsidise operations and the construction of new stations.

• Chairman: Rex Auyeung (since July 2019)
• Chief Executive: Jacob Kam (since April 2019)

1. Sir Philip Haddon-Cave (1972–1974); project manager
2. Sir Norman Thompson (1974–1983); first official Chairman
3. Sir Wilfrid Newton (1983–1989)
4. Hamish Mathers (1989–1995)
5. Jack So (1995–2003)
6. Raymond Ch'ien (2003–2015)
7. Frederick Ma (2016–2019)

The position of Chief Executive was created in 1995.

1. Jack So (1995–2003)
2. Sir Chow Chung-kong (2003–2011)
3. Jay Walder (2012–2014)
4. Lincoln Leong (2015–2019)

File:mtrproperty.JPG, built by the MTR Corporation Limited.]]

On 5 October 2000 the operator of the MTR network, the Mass Transit Railway Corporation (MTRC), became Hong Kong's first rail company to be partially privatised, marking the beginning of the Hong Kong government's initiative to reduce its interests in public utilities. Prior to its listing on the Hong Kong Stock Exchange, the Mass Transit Railway Corporation (MTRC) was wholly owned by the Hong Kong government. MTR Corporation is responsible for the operation of MTR (and the Kowloon–Canton Railway since 2 December 2007). The rail lines are profitable, but the MTR Corporation derives most of its profits from property development (usually adjacent to railway stations) and other commercial activities in Hong Kong, including the letting of retail and poster advertising space, ATM banking facilities, and personal telecommunication services {{Citation needed|date=February 2023}}.

{{Main|MTR}}

Mass Transit Railway (MTR) is the rapid transit railway system in Hong Kong. Originally opened in 1979, the system currently (at September 2024) includes {{convert|271|km|mi|abbr=on}} of rail with 167 stations, including 99 railway stations and 68 light rail stops.{{Cite web |title=Transport Department - Railways |url=https://www.td.gov.hk/en/transport_in_hong_kong/public_transport/railways/index.html |access-date=2024-09-11 |website=www.td.gov.hk}}{{cite web|url=http://www.mtr.com.hk/en/customer/services/our_network_introduction.html|title=MTR Railway Network|publisher=MTR|access-date=3 August 2018}} There are also several future projects.

File:Hong Kong Railway Route Map en.svg|Map

File:Long Ping Station.jpg|Station (Long Ping station)

File:K411-E111 MTR Airport Express 22-06-2020.jpg|An Airport Express Train

File:CRH380A-0259@GZN (20180923094804).jpg|High-speed rail service by MTR launched on 23 September 2018. The image shows an MTR Vibrant Express train at Guangzhou South railway station

{{Main|MTR Properties}}

Property is one of the main businesses of the MTR, generating most of its profits. In 2009, with a net profit of HK$7.3 billion, MTR made HK$3.55 billion from property and HK$2.12 billion from transport operations.{{cite news |title=MTR Posts 16% Rise in Profit, Plans to Offer 5,000 Apartments|first=Jeffery |last=Ng |newspaper=The Wall Street Journal|date=9 March 2010 |url=https://www.wsj.com/articles/SB10001424052748704784904575111320832780414?mod=googlenews_wsj}} The MTR tries to develop suitable sites related to their new railway projects and their existing railway. For instance, the reclaimed land situated in West Kowloon owned by the MTR was developed into Union Square, a mixed-use development with residential, office, retail, and hotel space. The site includes the tallest commercial building in Hong Kong, the 118-storey International Commerce Centre.

Central's landmark International Finance Centre is managed by Premier Plus, MTR's elite property management brand.{{Cite web |title=Two ifc services {{!}} International Finance Centre, Hong Kong |url=https://ifc.com.hk/en/ |access-date=2023-07-03 |website=ifc.com.hk |language=en-US}}

{{unbalanced|section|reason=Unbalanced coverage towards Tsing Yi and Tseung Kwan O|date=November 2021}}

The MTR Corporation invested heavily to develop large shopping centres around MTR stations. The most recent example is the PopCorn mall located at Tseung Kwan O station. It is connected to the adjacent malls, high-end housing and hotels. Another example of such a shopping centre is Maritime Square located at Tsing Yi station. Maritime Square is a nautical-themed mall in which there are supermarkets, boutiques, bookstores, a cinema, and restaurants. Since Tsing Yi station serves as the transport hub for Tsing Yi, Maritime Square is also easily accessible by other transport means including buses and taxis. Other shopping centres developed and managed by the corporation include CityLink, Elements, Hanford Plaza, Ocean Walk, Paradise Mall, Plaza Ascot, Sun Tuen Mun Shopping Centre, Telford Plaza, The Lane, the LOHAS, and Luk Yeung Galleria.

As of 2023, MTR Corporation owns 13 shopping malls across Hong Kong, classified into luxury, regional, and neighbourhood malls.{{Cite web |title=MTR > Shopping Malls |url=https://www.mtr.com.hk/en/corporate/properties/mtrshopping_centres.html |access-date=2023-07-03 |website=www.mtr.com.hk |language=en}}

File:MTRElizabethline.svg

• Elizabeth line: In May 2015, TfL Rail began an eight-year contract to operate the Crossrail concession in London, with an option for a further two years.{{cite news |url= http://www.railwaygazette.com/news/urban/single-view/view/mtr-selected-to-operate-crossrail-services.html |title=MTR selected to operate Crossrail services |date=18 July 2014 |work=Railway Gazette International}} Before the new railway lines opened, MTR already operated Liverpool Street–Shenfield and Paddington–Heathrow Airport services branded as TfL Rail. In May 2022 services commenced between Paddington and Abbey Wood via Liverpool Street, and all services were renamed Elizabeth line. {{As of|2024}}, the Elizabeth line is operated by MTR Elizabeth line under a contract with TfL which will expire in May 2025. It is also the line's first operator.{{Cite web|title=Bidders shortlisted in the process to find the next operator of the Elizabeth line|url=https://tfl.gov.uk/info-for/media/press-releases/2024/february/bidders-shortlisted-in-the-process-to-find-the-next-operator-of-the-elizabeth-line|access-date=2024-05-20|website=Transport for London|language=en}} In November 2024, Transport for London announced that MTR has lost its bid to renew the operation of the Elizabeth line to GTS Rail Operations.{{Cite web |title=Elizabeth line: Operator MTR loses bid to renew its contract |url=https://www.bbc.com/news/articles/clyvp207n4go |access-date=2024-11-20 |website=BBC News |date=19 November 2024 }}
• South Western Railway: In August 2017, South Western Railway, in which MTR has a 30% shareholding in a joint venture with FirstGroup, began operating the South Western franchise.{{cite press release |url= http://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/FGP/13171647.html |title= FirstGroup and MTR welcome South Western rail franchise award |archive-url= https://web.archive.org/web/20180626083149/http://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/FGP/13171647.html |archive-date=26 June 2018 |publisher= London Stock Exchange |date=27 March 2017}}

• London Overground: MTR and Laing Rail established a 50/50 joint venture (MTR Laing) to bid for the London Overground concession. MTR Laing won the bid and trading as London Overground Rail Operations operated the concession from November 2007."MTR Laing wins London Overground" Railway Gazette International July 2007 page 408 After Laing Rail and Arriva UK Trains were brought under the ownership of Deutsche Bahn in 2007 and 2010 respectively, Arriva took over the Laing Rail's share of the concession. In June 2015, MTR was shortlisted to bid for the next London Overground concession in its own right, but lost out to its previous partner, Arriva.[http://www.railwaygazette.com/news/passenger/single-view/view/four-bidders-shortlisted-for-london-overground-operating-concession.html Four bidders shortlisted for London Overground operating concesssion] Railway Gazette International 29 June 2015[http://www.railnews.co.uk/news/2015/06/30-tfl-announces-overground-shortlist.html TfL announces Overground Shortlist] Railnews 30 June 2015[https://www.bbc.co.uk/news/business-35841733 Arriva wins £1.5bn London Overground contract] BBC News 18 March 2016[http://www.arriva.co.uk/media/news/2016/18-03-2016 Transport for London announces intention to award London Overground contract to Arriva] Arriva 18 March 2016 Arriva Rail London took over full operation in November 2016.

• In 2004, MTR in a joint venture with Sea Containers unsuccessfully bid for the Integrated Kent franchise."GNER joins Hong Kong's MTR to bid for new Kent rail franchise" Rail issue 502 8 December 2004 page 6
• In 2007, MTR was shortlisted to bid for the West Midlands franchise, but did not lodge a bid."MTR pulls out of West Midlands bid" The Railway Magazine issue 1269 January 2007 page 6
• In February 2009, MTR Corporation were shortlisted to operate the Tyne & Wear Metro concession in Newcastle upon Tyne.{{cite news |url=http://news.bbc.co.uk/1/hi/england/7864519.stm |title=Foreign bids for Metro contract |publisher=BBC News |date=2 February 2009 |access-date=3 February 2009}}
• In November 2013, MTR was announced as a bidder for the ScotRail franchise.{{cite news |url=https://www.bbc.co.uk/news/uk-scotland-scotland-business-24773145 |title=ScotRail franchise shortlist named |publisher=BBC News |date=1 November 2013 |access-date=3 February 2009}}
• In April 2016, MTR was again shortlisted to bid for the West Midlands franchise, however again withdrew.[http://www.railwaygazette.com/news/passenger/single-view/view/east-japan-railway-on-west-midlands-franchise-shortlist.html East Japan Railway on West Midlands franchise shortlist] Railway Gazette International 7 April 2016"MTR withdraws from West Midlands bidding"Modern Railways issue 815 August 2016 page 21
• In October 2016, MTR was shortlisted to operate the Wales & Borders franchise.[http://www.railwaygazette.com/news/policy/single-view/view/wales-borders-bidders-asked-to-submit-metro-options.html Wales & Borders bidders asked to propose Metro options] Railway Gazette International 13 October 2016
• In June 2017 a joint venture between MTR and Guangshen Railway Company was shortlisted to bid for the West Coast Partnership franchise to commence in 2019.[https://www.gov.uk/government/speeches/west-coast-partnership-and-south-eastern-rail-franchise-bidders West Coast Partnership and South Eastern rail franchise bidders] Department for Transport 22 June 2017[http://www.railwaygazette.com/news/single-view/view/three-shortlisted-for-west-coast-partnership-franchise.html Three shortlisted for West Coast Partnership franchise] Railway Gazette International 22 June 2017 In December 2018 Spanish operator Renfe Operadora joined their bid, with Snowfall as a software subcontractor.{{Cite web|url=http://mtreurope.com/news/mtr-teams-up-with-operator-of-europes-largest-high-speed-rail-network-for-west-coast-partnership-bid-|title=MTR teams up with operator of Europe's largest high speed rail network for West Coast Partnership bid|date=20 December 2018|website=MTR Europe|language=en|access-date=25 December 2018}}{{cite web |url=https://www.railwaygazette.com/uk/renfe-joins-mtrs-west-coast-partnership-bid-team/47775.article |title=RENFE joins MTR's West Coast Partnership bid team |last= |first= |date=2018-12-20 |website=Railway Gazette International |publisher= |access-date=2024-09-05 |quote=}} In August 2019, it was announced that MTR was unsuccessful in the bid, losing to a joint bid by First and Trenitalia.[https://www.theguardian.com/business/2019/aug/14/firstgroup-consortium-to-replace-virgin-on-west-coast-mainline FirstGroup consortium to replace Virgin on west coast mainline] Guardian 14 August 2019 FirstGroup consortium to replace Virgin on west coast mainline] Guardian 14 August 2019
• In November 2024, MTR lost its bid to renew the operating contract of the Elizabeth line, losing to a joint bid by Go-Ahead Group, Tokyo Metro and Sumitomo Corporation.

File:MTRX, Göteborg, 20241104 - 06.jpg, Sweden]]

MTR Nordic AB is a subsidiary of MTR Corporation UK based in Stockholm{{Cite web|url=http://www.mtrnordic.se/om-oss/kontakta-oss/|title=Contact us|website=MTR Nordic|language=sv|access-date=8 December 2019}} that operates in the public transportation sector through various subsidiaries. The CEO of MTR Nordic is Henrik Dahlin.{{Cite web|url=https://www.mynewsdesk.com/se/mtr/pressreleases/henrik-dahlin-ny-vd-foer-mtr-nordic-ab-3066243|title=Henrik Dahlin ny vd för MTR Nordic AB|website=MTR Nordic (mynewsdesk)|date=20 January 2021 |language=sv|publication-date=20 January 2021|access-date=13 April 2021}}

Current Operations (ending November 2025):

• MTR Tunnelbanan AB (known as MTR Stockholm AB until June 2016) is responsible for the operation, planning and maintenance of the Stockholm Metro. In January 2009, Tunnelbanan Teknik Stockholm, a 50/50 joint venture between MTR and Mantena, was awarded the contract from Storstockholms Lokaltrafik (SL) to operate the network for eight years with an option to extend for another six years. MTR started operating the metro on 2 November 2009,{{cite news|url=http://www.e24.se/branscher/tjansteforetag/artikel_1015863.e24|title=Hongkong-bolag vann t-banekontrakt värt 36 miljarder (Swedish)|newspaper=Svenska Dagbladet|date=20 January 2009|publisher=E24.se}}"Hong Kong operator in Stockholm" The Railway Magazine issue 1296 April 2009 page 93 and in September 2015 the six-year extension was granted.[http://www.railwaygazette.com/news/urban/single-view/view/mtrs-stockholm-metro-contract-extended.html? MTR's Stockholm metro contract extended] Railway Gazette International 29 September 2015 The current contract with Storstockholms Lokaltrafik (SL) for the metro extends to November 2025.{{Cite web |title=MTR får förlängt förtroende till 2023 |url=https://www.mynewsdesk.com/se/mtr/pressreleases/mtr-faar-foerlaengt-foertroende-till-2023-1214672 |access-date=2022-07-06 |website=Mynewsdesk |date=8 September 2015 |language=sv}} In January 2016, MTR bought out its joint venture partner.[https://www.mtr.com.hk/archive/corporate/en/press_release/PR-16-010-E.pdf MTR Brings Stockholm Metro Rolling Stock Maintenance Fully in House] MTR 25 January 2016[http://www.railway-technology.com/news/newsmtr-to-take-full-ownership-of-stockholm-metro-in-sweden-4793375 MTR to take full ownership of Stockholm Metro in Sweden] Rail Technology 27 January 2016 The division has approximately 3,000 employees{{Cite web|url=https://www.dn.se/sthlm/nya-t-banechefens-mal-997-procents-punktlighet/|title=Nya t-banechefens mål 99,7 procents punktlighet|date=28 October 2009|website=Dagens Nyheter|language=sv|access-date=8 December 2019}} with Caroline Åstrand as its CEO.{{Cite web|url=https://www.mynewsdesk.com/se/mtr/pressreleases/caroline-aastrand-ny-vd-foer-mtr-tunnelbanan-2961609|title=Caroline Åstrand ny VD för MTR Tunnelbanan|website=MTR Nordic (mynewsdesk)|date=16 January 2020 |language=sv|publication-date=16 January 2020|access-date=13 April 2021}} Metro operations will be taken over in November 2025 by Connecting Stockholm AB.{{Cite web |last=Redaktionen |date=2024-11-21 |title=Klart: Connecting Stockholm ny utförare av Stockholms lokaltrafik |url=https://www.dagensinfrastruktur.se/2024/11/21/klart-connecting-stockholm-ny-utforare-av-stockholms-lokaltrafik/ |access-date=2024-11-21 |website=dagensinfrastruktur |language=sv-SE}}
• MTR Tech AB, formerly Tunnelbanan Teknik Stockholm AB (TBT), carries out maintenance of the Stockholm Metro rolling stock. Its CEO is Erika Enestad.

Former Operations:

• MTR Express (Sweden) AB (2015 - 2024) operated long-distance trains between Stockholm and Gothenburg as a private open access operator using the brand name MTRX.[http://www.mtrexpress.se/en Home] MTR Express[http://www.railwaygazette.com/news/passenger/single-view/view/mtr-launches-open-access-inter-city-service.html MTR launches open access inter-city service] Railway Gazette International 23 March 2015 The service, operational since 21 March 2015, uses six X74 (Stadler Flirt) electric multiple units travelling at up to 200 km/h.[http://www.railwaygazette.com/news/passenger/single-view/view/mtr-express-orders-flirts-for-stockholm-goeteborg-open-access-service.html? MTR Express orders Flirts for Stockholm-Goteborg open access service] Railway Gazette International 13 November 2013 The division had 90 employees based in both Stockholm and Gothenburg, led by CEO Joakim Sundh.{{Cite web|url=https://www.mynewsdesk.com/se/mtr/pressreleases/vd-byten-inom-mtr-koncernen-mats-johannesson-tar-oever-vd-rollen-paa-mtr-pendeltaagen-och-joakim-sundh-blir-ny-vd-paa-mtrx-3066332|title=VD-byten inom MTR-koncernen – Mats Johannesson tar över vd-rollen på MTR Pendeltågen och Joakim Sundh blir ny vd på MTRX|website=MTR Nordic (mynewsdesk)|date=21 January 2021 |language=sv|publication-date=21 January 2021|access-date=13 April 2021}}{{Cite web|url=https://www.railjournal.com/in_depth/mtr-express-takes-on-sj-in-sweden/|title=MTR Express takes on SJ in Sweden|website=International Railway Journal|language=en|access-date=8 December 2019}} Sold May 2024 to VR Group[https://web.archive.org/web/20240606174950/https://www.railjournal.com/financial/vr-completes-mtr-express-acquisition/ VR Group completes MTR acquisition] International Railway Journal 6 June 2024[https://web.archive.org/web/20240607104458/https://mtrx.travel/en/mtrx-blir-vr Hello there, we are VR] MTRX
• MTR Pendeltågen AB (2016 - 2024) was the operator of the Stockholm commuter rail network between 11 December 2016 and 3 March 2024. MTR took overall responsibility for the network, trains, and stations{{Cite web|url=https://www.sll.se/verksamhet/kollektivtrafik/nyheter/2015/12/Tilldelningsbeslut-upphandling-pendeltag-2015/|title=MTR Gamma AB tar över pendeltågstrafiken|date=8 December 2015|website=Stockholm Region|language=sv|access-date=8 December 2019}} in a contract for 10 years, with an option to extend for another four years.[http://www.railwaygazette.com/news/passenger/single-view/view/mtr-to-operate-stockholm-pendeltaag.html MTR to operate Stockholm Pendeltåg] {{Webarchive|url=https://web.archive.org/web/20190620140656/https://www.railwaygazette.com/news/passenger/single-view/view/mtr-to-operate-stockholm-pendeltaag.html |date=20 June 2019 }} Railway Gazette International 9 December 2015 In November 2023, citing poor performance by MTR, SL decided to cut short the existing contract, and awarded an emergency contract to SJ, which took over the operation from March 2024.{{Cite web |last=Burroughs |first=David |date=1 November 2023 |title=SJ awarded emergency contract for Stockholm commuter network |url=https://www.railjournal.com/news/sj-awarded-emergency-contract-for-stockholm-commuter-network/ |access-date=1 November 2023 |website=International Railway Journal}} In November 2023 it was reported that MTR would pay a total fine of 800 million kronor (US$76.8 million) to SL. This sum included 300 million SEK (US$28.8 million) for penalties and contract breaches, and 280 million SEK (US$26.9 million) to cover SL's extra expenses due to MTR's early termination.{{Cite web |last=TTText |date=2023-11-03 |title=MTR:s nota för uppbrottet med SL: 580 miljoner |url=https://www.di.se/nyheter/mtr-s-nota-for-uppbrottet-med-sl-580-miljoner/ |access-date=2024-11-21 |website=Dagens industri |language=sv}}
• MTR Mälartåg AB (2021 - 2024) was awarded the contract to run regional Mälartåg trains between 2021 and 2029. In July 2022, MTR Mälartåg was required to pay multi-million kronor penalties to Mälardalstrafik due to over 6,100 fully or partially cancelled train departures during the first half of the year.{{Cite web |last=Lundkvist |first=Edvard |date=2022-07-19 |title=Tusentals inställda avgångar – MTR Mälartåg ska betala miljonvite |url=https://www.dagensps.se/teknik/cleantech/miljonvite-for-mtr-malartag-efter-tusentals-installda-avgangar/ |access-date=2024-11-21 |website=Dagens PS |language=sv-SE}} After facing continuing challenges, MTR decided in 2024 to terminate its Mälartåg contract five years early. Mälartåg operations were taken over in June 2024 by Transdev.{{Cite web |date=2024-02-22 |title=MTR Mälartåg och Mälardalstrafik avslutar Mälartågsavtal i förtid |url=https://www.dagensinfrastruktur.se/2024/02/22/mtr-malartag-och-malardalstrafik-avslutar-malartagsavtal-i-fortid/ |access-date=2024-11-21 |website=dagensinfrastruktur |language=sv-SE}}

• Melbourne: In June 2009, the Metro Trains Melbourne consortium of MTR (60%), John Holland and United Rail (20% each) were selected to operate the Melbourne suburban railway network, taking over from Connex Melbourne on 30 November 2009.[http://www.theage.com.au/national/new-train-tram-operators-for-melbourne-20090625-cxgx.html New train, tram operators for Melbourne] The Age 25 June 2009 In September 2016, the government opened negotiations with Metro Trains Melbourne to extend the contract for seven years until November 2024."Full steam ahead: Government offers Metro and Yarra Trams contract extensions" The Age 29 September 2016[http://www.urbanalyst.com/in-the-news/victoria/4165-victorian-government-begins-negotiations-with-metro-trains-melbourne-and-yarra-trams-for-new-contracts.html Victorian government begins negotiations with Metro Trains Melbourne and Yarra Trams for new contracts] ''Urbanlyst 2 October 2016

• Sydney: In June 2014, Northwest Rapid Transit, a consortium consisting of MTR (60%), John Holland Group, Leighton Contractors, Plenary Group and UGL Rail, was selected to deliver the Sydney Metro Northwest operations contract.[http://www.transport.nsw.gov.au/media-releases/major-milestones-reached-north-west-rail-link-preferred-operator-selected Major milestones reached on North West Rail Link as preferred operator selected] {{webarchive|url=https://web.archive.org/web/20141006103450/http://www.transport.nsw.gov.au/media-releases/major-milestones-reached-north-west-rail-link-preferred-operator-selected |date=6 October 2014 }}, Transport for New South Wales, Retrieved 24 June 2014[https://www.mtr.com.hk/en/corporate/consultancy/sydneynorthwest.html Sydney Metro North West] MTR As part of the consortium, MTR Corporation, John Holland and UGL Rail formed the Metro Trains Sydney joint venture to operate services on the line for 15 years. The North West Rail Link opened in May 2019, and was extended through the CBD in August 2024.[http://www.sydneymetro.info/northwest/project-overview Project Overview] Sydney Metro

MTR operates nine lines in three cities in Mainland China.{{Cite web |title=MTR > Railway Construction, Operation and Maintenance |url=https://www.mtr.com.hk/en/corporate/consultancy/railwayoperation.html |access-date=2025-03-05 |website=www.mtr.com.hk |language=en}}

The company has also formed a joint-venture Beijing MTR Corporation Limited (Jinggang MTR) (49%) with Beijing Capital Group ("BCG") (49%) and the Beijing Infrastructure Investment Co ("BIIC") (2%) to build and operate for 30 years Line 4, Daxing line, Line 14, Line 16 and Line 17{{cite web|url=http://www.bjd.com.cn/a/201912/30/WS5e097dd8e4b0e6e58393623f.html|date=30 December 2019|title=确定了！北京地铁17号线，京港地铁公司运营|access-date=31 December 2019|archive-date=26 July 2020|archive-url=https://web.archive.org/web/20200726181059/http://www.bjd.com.cn/a/201912/30/WS5e097dd8e4b0e6e58393623f.html|url-status=dead}}[http://www.mtr.bj.cn/en/about/profile.html website of Beijing MTR Corporation Limited] {{webarchive|url=https://web.archive.org/web/20160106014210/http://www.mtr.bj.cn/en/about/profile.html |date=6 January 2016 }} of the Beijing Subway.

The company formed a new joint-venture Hangzhou MTR (Hanggang MTR) with Hangzhou Metro Group in 2012 to operate Line 1 of the Hangzhou Metro for 28 years, in which MTR holds 49% of the stock, while Hangzhou Metro Group holds the other 51% of the stock. Line 5 of the Hangzhou Metro is operated by Hangzhou MTR Line 5 Ltd., which MTR holds 60% of the stock.{{Cite web |title=MTR > Hangzhou Metro Line 5 |url=https://www.mtr.com.hk/en/corporate/consultancy/hzmtr_l5.html |access-date=2025-03-05 |website=www.mtr.com.hk |language=en}}

The company concluded initials concession agreement to build phase 2 of the Line 4 of the Shenzhen Metro, and to operate the whole line on a BOT basis for 30 years from 1 July 2010. The phase 2 of Line 4 have been in operation for passengers since 16 June 2011. Line 13, which began operation on 28 December 2024, is also operated by MTR Corporation (Shenzhen).{{cite web|url=http://www.sznews.com/news/content/2020-08/03/content_23414228.htm|date=2020-08-03|title=港铁咨询公司联合体中标深圳市轨道交通13号线公私合营项目}}

{{Infobox company

| name = MTR Railway Operations (Macau)
 Company Limited

| logo = HK MTR logo.svg

| type = Public company

| genre =

| founded = {{Start date|df=yes|2018|4|11}}

| founder =

| location_city = Taipa

| location_country = Macau

| location =

| locations =

| area_served = Taipa

| key_people =

| industry = Transport

| products =

| services =

| revenue =

| operating_income =

| net_income =

| assets =

| equity =

| owner =

| num_employees =

| parent =

| divisions =

| subsid =

| caption =

| homepage = [http://www.mtr.com.mo/en/ MTR (Macau)]

| footnotes =

}}

MTR Railway Operations (Macau) Company Limited, a wholly owned subsidiary of MTR Corporation, operates the Taipa Line of the Macau Light Rapid Transit (MLRT or MLM) in Macau since the line's opening on 10 December 2019. MTR will operate and maintain the line for 80 months.{{cite web|url=https://www.mtr.com.mo/en/AboutUs/MLRT|title=About Macao Light Rapid Transit (Macao LRT)|website=MTR Macau|access-date=11 December 2019}}

{{Reflist }}

{{commons category|MTR Corporation}}

• {{Official website}}
• {{Finance links

| symbol = 66

| google = HKG:+0066

| yahoo = 0066.HK

| bloomberg = 66:HK

| reuters = 0066.HK

}}

{{MTR}}

{{MTR Corporation}}

{{Hang Seng}}

{{Transport in Hong Kong}}

{{Major UK Transport Companies}}

{{Authority control}}

Category:Companies listed on the Hong Kong Stock Exchange

Category:Government-controlled corporations of Hong Kong

Category:Hong Kong brands

Category:Land developers of Hong Kong

Category:Multinational companies headquartered in Hong Kong

Category:Railway companies of Hong Kong

Category:1972 establishments in Hong Kong

Category:Transport companies established in 1972

Category:Beijing Subway

Category:Hangzhou Metro

Category:Shenzhen Metro

Category:Light rail in Macau

Category:Transport companies of Australia

Category:Transport operators of Sweden

Category:Transport operators of the United Kingdom

Category:Government-owned railway companies

Category:Transport operators of Hong Kong