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Hong Kong Railway plus Property Funding Model. Disclaimer:
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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.
Application of Railway plus Property Model in Hong Kong Properties owned/ developed/ managed by MTR: 42 Property developments under construction/ planning: 9 WR Line property development (as Government agent): 9
Property Development Property Development Station Link bridge Highway/Open Space Horizontal Integration
Property Development Retail Link bridge Transport Interchange Station Vertical Integration
Express Rail Link Overall Completion – 38%
Enhance Project Attractiveness • 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 No. of passengers crossing the boundary by different transports Highway Network • MTR Patronage & Revenue • Line flow • Station in/out flow • Interchange flow Railway Network Transport Model (4-stage) Demand Projection Distribution Pattern Analysis Mode Choice Analysis Route Choice Assessment Economic Data (GDP) Population & Employment (TPEDM) Public transport usage and market shares Public Transport Modes & Fares