MTR's Railway Business Continues to Support Revenue Growth
Established in 1975, MTR is the sole rail operator in Hong Kong following the rail merger with Kowloon-Canton Railway in 2007. It operates a rail-based transport system, comprising domestic rail services, light rail, Airport Express, cross-boundary services, and a high-speed rail service to the mainland. With an average weekday patronage of over 5 million passengers and growing, the company is one of the world’s busiest rail operators. MTR differentiates itself from traditional rail operators with its "rail plus property" funding model. It is given the rights for property development along the rail corridor as a government incentive to induce construction. The high-quality rail network and unique rail-plus-property business model are MTR's key strengths, underpinning a narrow economic moat.
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