MTR Will Operate Guangzhou-Shenzhen-Hong Kong High-Speed Rail Line
China: MTR Corporation Ltd has confirmed that it will operate the new Guangzhou-Shenzhen-Hong Kong High-Speed Rail (HSR) Link for 10 years after it opens on 23 September 2018. The line will provide a connection between Mainland China and Hong Kong.
MTR was the project manager in the design and construction of the 26km section of the line between Futian (mainland) and Hong Kong West Kowloon Station and now has more than 700 of its employees preparing for the opening.
Prior to confirming its operation of the line MTR signed two agreements with other stakeholders in it: an amendment to its Existing Integrated Operating Agreement with the Hong Kong Special Administrative Region Government and a Supplemental Service Concession Agreement (SSCA) with the Kowloon-Canton Railway Corporation (KCRC), which owns Hong Hong West Kowloon Railway Station.
The Amendment Operating Agreement (AOA) obliges MTR to provide rail services to the standard required by the government. Under the SSCA MTR will make variable annual payments to KCRC based on the revenue that it generates from these services.
Professor Frederick Ma, Chairman of MTR Corporation, said:
“High-Speed Rail will open a new page in rail travel in Hong Kong and will impact positively on the city’s economic development by enhancing Hong Kong’s connectivity with the Mainland. Although there will inevitably be challenges in launching a new railway service, we are confident of providing a safe and efficient HSR service and managing any teething issues that may arise. ”
The company will provide 114 pairs of high-speed services per day during the peak season. The maximum speed of the trains on the line is 300km/h so the entire 42km route will be completed in 42 minutes, whilst the journey time between Futian and West Kowloon will only be 14 minutes.