Asia looks to Hong Kong for railway inspiration

Asia looks to Hong Kong for railway inspiration - Lateline News, September 27, 2003
Hong Kong's Mass Transit Railway Corp (MTR) funds new line extensions and stations by buying 50-year leases on land around its network from the government and tenders it at a profit to developers to build shopping centres, offices and flats. Property investors, including Hong Kong's Sun Hung Kai Properties, the Singapore Government Investment Corp and Bank of China, either pay the MTR up front, share profits or share ownership of buildings.
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