Moving Millions: The Commercial Success and Political Controversies of Hong Kong's Railway
With the "merger" of the MTRC and the KCRC in 2007, the history of Hong Kong's railways turned a new page. The two government-owned corporations were exceptionally profitable. Yet, this commercially successful railway model was not without social costs and political controversies.
Moving Millions critically examines the governance history of the MTRC and the KCRC over the past three decades, and sheds light on the challenges to Hong Kong's railway after the "merger". The author discusses complex relationships between railway management, government policy and politics. Critical issues are analysed, including corporate governance; railway-property development; funding and managing new projects; mismanagement and controversies; public accountability; and passenger interest in fares, choice and convenience. The book compares how differently the MTRC and the KCRC dealt with the government, civil society, the market, and with each other to achieve commercial objectives and tackle public interests issues in a post-industrial society, where public expectations are rising despite constraints in democracy. |
Contents
Contrast in Corporate Governance
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65 |
Challenges in Railway and Property Development
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159 |
Passenger Interests
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199 |
Looking to the Future from the Past
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233 |
Epilogue
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263 |
Endnotes
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267 |
301 | |
309 | |
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Moving Millions: The Commercial Success and Political Controversies of Hong ... Rikkie Yeung No preview available - 2008 |
Common terms and phrases
Airport Railways appointed April Beijing billion Chairman Chan Chapter Cheung chief executive China Chinese colonial commercial competition construction consultation controversies corporate governance cost cross-border December director East Rail economic environmental fare autonomy February Forsgate government policies government’s Hansard HKSAR government Hong Kong government Hong Kong railways integration July KCRC KCRC Board KCRC’s Kong’s Kowloon-Canton Railway Corporation LegCo LegCo Panel Leung Light Rail Mass Transit Railway merger Michael Tien minority shareholders MTRC Annual Report MTRC Board MTRC Limited MTRC’s Nicholas Ng officials Ordinance organisational Oswald Cheung Panel on Transport passengers percent political profit proposals public transport railway corporations Railway Development railway fare railway governance railway model railway networks railway operation railway projects reform safety Sarah Liao SCMP sector September Shatin-Central Link staff statutory corporation strategy Table Tseung Kwan Tung vertical separation West Rail Wong Yeung