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.
Asia looks to Hong Kong for railway inspiration
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