Mtr Kcr Merge
1. Introduction - brief description of your company and the business it
The KCR East Rail (formerly known as the KCR) was introduced in 1910. It is the first and oldest railway system in Hong Kong. The railway was formerly operated by the Government until the Kowloon-Canton Railway Corporation (KCRC) was established in 1982. The KCR East Rail runs from Hung Hom in urban Kowloon to Lo Wu at the Mainland boundary. There are 13 stations along the 34-kilometre route and the railway carried an average of 791 000 passengers daily in 2000. It is owned, and was operated by the Kowloon-Canton Railway Corporation until 2007. It provides rapid transit services, a light rail system and feeder bus routes within Hong Kong, and intercity passenger and freight train services to Mainland China. In 2006, the local KCR passenger train network (i.e. intercity services excluded) recorded an annual ridership of 544 million. While still owned by its previous operator, Kowloon-Canton Railway Corporation which is wholly owned by the Hong Kong Government, the network has been operated by the MTR Corporation Limited under a 50-year, extendible, service concession since 2 December 2007. Steps have been taken to assimilate the network into the same faring system of the MTR, and gates between the two networks were removed in several stages in 2008.
2. Description of Problems - explanation of the problem and its probable effect on your organization
Nowadays, Hong Kong has two main railways. For more convenient to the passengers, and make more profit to our self. We choose to merger with MTR. The Rail Merger Ordinance expressly empowered KCRC to grant a service concession to MTR and expanded the scope of MTRCL's franchise to enable it to take up the operation of KCRC's transport services. For future, we will have more capital for the development.
We can imagine after the merger, it will affect to our company a lot. But we know that it can bring us more benefit than a bad effect. It
The KCR East Rail (formerly known as the KCR) was introduced in 1910. It is the first and oldest railway system in Hong Kong. The railway was formerly operated by the Government until the Kowloon-Canton Railway Corporation (KCRC) was established in 1982. The KCR East Rail runs from Hung Hom in urban Kowloon to Lo Wu at the Mainland boundary. There are 13 stations along the 34-kilometre route and the railway carried an average of 791 000 passengers daily in 2000. It is owned, and was operated by the Kowloon-Canton Railway Corporation until 2007. It provides rapid transit services, a light rail system and feeder bus routes within Hong Kong, and intercity passenger and freight train services to Mainland China. In 2006, the local KCR passenger train network (i.e. intercity services excluded) recorded an annual ridership of 544 million. While still owned by its previous operator, Kowloon-Canton Railway Corporation which is wholly owned by the Hong Kong Government, the network has been operated by the MTR Corporation Limited under a 50-year, extendible, service concession since 2 December 2007. Steps have been taken to assimilate the network into the same faring system of the MTR, and gates between the two networks were removed in several stages in 2008.
2. Description of Problems - explanation of the problem and its probable effect on your organization
Nowadays, Hong Kong has two main railways. For more convenient to the passengers, and make more profit to our self. We choose to merger with MTR. The Rail Merger Ordinance expressly empowered KCRC to grant a service concession to MTR and expanded the scope of MTRCL's franchise to enable it to take up the operation of KCRC's transport services. For future, we will have more capital for the development.
We can imagine after the merger, it will affect to our company a lot. But we know that it can bring us more benefit than a bad effect. It