Download or read book A Study of the Merging of Two Railways in Hong Kong written by Kwok-Choi David Li and published by Open Dissertation Press. This book was released on 2017-01-27 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: This dissertation, "A Study of the Merging of Two Railways in Hong Kong" by Kwok-choi, David, Li, 李國才, was obtained from The University of Hong Kong (Pokfulam, Hong Kong) and is being sold pursuant to Creative Commons: Attribution 3.0 Hong Kong License. The content of this dissertation has not been altered in any way. We have altered the formatting in order to facilitate the ease of printing and reading of the dissertation. All rights not granted by the above license are retained by the author. Abstract: Abstract of Dissertation Abstract of dissertation entitled A Study of the Merging of Two Railways in Hong Kong Submitted by LI Kwok Choi David for the degree of Master of Arts in Transport Policy and Planning at The University of Hong Kong in June 2006 Railways play a vital role in serving the transport needs of Hong Kong. Being a high speed off-road mass carrier, railways provide fast, reliable and comfortable service and at the same time, reduce the pressure on the road network. As far as sustainability is concerned, railway can have a better environment protection in comparing with the road transport. Merging of the Mass Transit Railway Corporation Limited (MTRCL) and the Kowloon-Canton Railway Corporation (KCRC) will have potential to generate benefits for the community. The merger and its comprehensive restructuring should enable to improve overall efficiency of two railways, through achieving larger economies of scale in operation, attaining synergy through a better interface and streamlining between two systems. The major objective of this study is to identify what possible benefits will likely to be given from the merging and to examine what drawbacks will be existed at the time of merger. Moreover, the study also attempts to evaluate the future potential growth of railways in Hong Kong through the Government's transport policy. The findings indicated that merging of these two railways could generate benefits to the community, the Government as well as the corporation. However, while we were on the whole in favor of merging the two rail systems, the study also found out those drawbacks which would be encountered during the merger. It revealed that the merger would likely turn the newly merged corporation into a i Abstract of Dissertation colossal monopoly in both markets of railways transport and property development. With its monopoly advantage, they will try to seek every alternative to maximize their profit margin. Although the corporation has pledged to keep up its fare unchanged for twenty-four months, it will be faced with a conflict between shareholder's interest as well as the interest of society. As far as the "prudent commercial principle" is concerned, the merged corporation may need to increase the fare so as to acquire for a higher profit. As fare revenue has been considered as a recurrent income of the corporation. Hence, any precarious elements resulting in the loss of such income may directly affect the profits of corporation. Consequently, Government may have a great difficulty in controlling the fare adjustment of the newly merged corporation in future. Furthermore, merging of these two railways will not only just merge their system, plant and equipment but also merge their individual culture, policy and people. As two corporations are incorporated with different organization culture, hence, their cultures will be inevitably collided with each others. Hence, whether the bureaucratic culture of the KCRC can be relinquished through the merging is still have an unknown answer. We agree that the merger between MTRCL and KCRC may lead to higher commercial efficiency. However, it may not necessarily result in synergy. In other word, "one plus one may not be greater than two" if the newly merged entity fails to streamline i
Download or read book The Merger of Two Railways in Hong Kong written by Hon-Wai Leung and published by . This book was released on 2017-01-27 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book A Study of the Merging of Two Railways in Hong Kong written by Kwok-choi Li (David) and published by . This book was released on 2006 with total page 164 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Moving Millions written by Rikkie Yeung and published by Hong Kong University Press. This book was released on 2008-05-01 with total page 333 pages. Available in PDF, EPUB and Kindle. Book excerpt: With the "merger" of the MTRC and the KCRC in 2007, the history of Hong Kong's railways turned a new page. The two government-owned corporations were exceptionally profitable. Yet, this commercially successful railway model was not without social costs and political controversies. Moving Millions critically examines the governance history of the MTRC and the KCRC over the past three decades, and sheds light on the challenges to Hong Kong's railway after the "merger". The author discusses complex relationships between railway management, government policy and politics. Critical issues are analysed, including corporate governance; railway-property development; funding and managing new projects; mismanagement and controversies; public accountability; and passenger interest in fares, choice and convenience. The book compares how differently the MTRC and the KCRC dealt with the government, civil society, the market, and with each other to achieve commercial objectives and tackle public interests issues in a post-industrial society, where public expectations are rising despite constraints in democracy.
Download or read book The Kowloon Canton Railway Corporation KCRC and the Mass Transit Railway Corporation Limited MTRC written by and published by . This book was released on 2003 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: (Uncorrected OCR) Abstract of dissertation entitled Merging the Kowloon-Canton Railway Corporation (KCRC) and the Mass Transit Railway Corporation Limited (MTRC) submitted by Yvonne Tsui Shuk Ting for the degree of Master of Arts in Transport Policy and Planning at The University of Hong Kong in June 2003 The possible merger of the Kowloon-Canton Railway Corporation (KCRC) and the Mass Transit Railway Corporation Limited (MTRCL) has aroused extensive debates that cut across many sectors in society. This study aims at examining the key issues surrounding the proposed merger; the pros and cons of such an exercise and the factors governing a successful merger. Based on the study findings, some initial observations are drawn on the possible merger of the two railway corporations. To cater for the characteristics of the railway corporations, which are public entities, the study first examined the key elements of a merger of commercial companies. The study then developed a conceptual framework to facilitate an analysis of the elements of a merger of public corporations and their relevance in the case of the two railway corporations in Hong Kong. Limited by the available information and the inherent commercial nature of such a process, the study findings cannot be claimed to be absolutely objective. Furthermore, since the proposed merger will be the first of such a scale to be carried out in Hong Kong, many of the perceived benefits ansmg from the merger can only be assessed after the merger IS actually implemented. Though not a full-scale case review, the study has looked into the possible reasons that are driving the merger. The study has also investigated the likely benefits of the merger, reviewed the characteristics of the railway corporations in the context of Hong Kong's public transport sector, and has culminated the key factors into an analysis of the perceived private/social gains arising from the merger. The initial observations from the analysis are that from t.
Download or read book Merging Hong Kong s Railways written by Civic Exchange and published by . This book was released on 2004 with total page 38 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Recommendation for Railway Planning in Hong Kong written by and published by . This book was released on 2002 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Jane s World Railways 2009 2010 written by Ken Harris and published by Ihs Global Incorporated. This book was released on 2009 with total page 1014 pages. Available in PDF, EPUB and Kindle. Book excerpt: The authority on rail systems around the globe. Track the latest developments in railway systems and equipment manufacturers across the globe with this authoritative industry survey.
Download or read book BIDDING FOR URBAN RAIL DEVELOP written by 史耀昌 and published by Open Dissertation Press. This book was released on 2017-01-27 with total page 82 pages. Available in PDF, EPUB and Kindle. Book excerpt: This dissertation, "The Bidding for Urban Rail Development Right: a Study of Transport Policy in Hong Kong" by 史耀昌, Yiu-cheong, Sze, was obtained from The University of Hong Kong (Pokfulam, Hong Kong) and is being sold pursuant to Creative Commons: Attribution 3.0 Hong Kong License. The content of this dissertation has not been altered in any way. We have altered the formatting in order to facilitate the ease of printing and reading of the dissertation. All rights not granted by the above license are retained by the author. Abstract: Abstract of dissertation entitled The Bidding for Urban Rail Development Right: A Study of Transport Policy in Hong Kong Submitted by Sze Yiu Cheong for the degree of Master of Arts in Transport Policy and Planning at The University of Hong Kong in June 2003 Historically, the formulation of transport policy in Hong Kong was centralized, technocratic and incremental. Despite some recent changes in the mechanism of policy-making were observed where the transport decision-making process have been made in a more open and transparent manner, and where public participation was possible through consultation and negotiation with interest groups, the public may opine that such public consultation mechanism could be further improved to enhance the effectiveness, where consultations could be carried out earlier instead of the existing practice of consultation at the later stage of transport planning only. As the Shatin to Central Link (SCL) is the first urban rail project that requires bidding between two railway corporations in Hong Kong, people may query that the process is a waste of public funds since the Government is the major shareholder of Mass Transit Railway Corporation Limited (MTRCL) and the sole owner of Kowloon-Canton Railway Corporation (KCRC) and can determine and influence the final decision. Therefore SCL is chosen as a case to study the rationale behind the implementation of this new approach in awarding the urban rail development right by bidding, as well as assessing the effectiveness of public consultation on this issue. Furthermore, there were numerous rumours during the bidding period, thus making it worth exploring whether the bidding process was appropriated and beneficial to the society as a whole. Based on the result of the analysis, the possible reason of introducing the new approach on urban rail development is that the SCL linked up the rural and urban area, but is not a natural extension of any existing railway line. Furthermore, appointment on the development right of SCL to either KCRC or MTRCL will create conflict. Thus bidding is more appropriate. Consultation is perhaps most useful when communities, business and Governments are in the process of choosing between courses of policy action. However, the consultation is deemed insufficient. It should have taken place throughout the bidding process rather than to wait until the awarding of SCL. Hopefully, concerning parties can consider the recommendations and take appropriate improvement measures to better handle the bidding process of development right for the future railway projects. DOI: 10.5353/th_b2701300 Subjects: Transportation and state - China - Hong Kong Local transit - Management Local transit - Planning
Download or read book Urban Transportation Abstracts written by and published by . This book was released on 1983 with total page 534 pages. Available in PDF, EPUB and Kindle. Book excerpt:
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Download or read book Modern Railway Transportation written by Institution of Civil Engineers (Great Britain) and published by Thomas Telford. This book was released on 1993 with total page 412 pages. Available in PDF, EPUB and Kindle. Book excerpt: After several decades of the promotion of road transport, we have realised that the provision of more roads will not on its own solve our traffic problems. More emphasis is being placed on rail transport. This book reviews the international and national scene in all sectors of the industry, and takes a look at the development in the 21st century.
Download or read book Cambridge IGCSE and O Level Economics 2nd edition written by Paul Hoang and published by Hodder Education. This book was released on 2018-04-09 with total page 466 pages. Available in PDF, EPUB and Kindle. Book excerpt: Exam board: Cambridge Assessment International Education Level: IGCSE Subject: Economics First teaching: September 2018 First exams: Summer 2020 This title is endorsed by Cambridge Assessment International Education to support the full syllabus for examination from 2020. Discover Economics as a real-world subject through case studies from around the world and provide in-depth coverage of the latest Cambridge IGCSE and O Level Economics syllabuses (0455/2281). - Trust an experienced author team to navigate the syllabuses confidently with clearly-defined learning objectives throughout. - Deepen understanding by applying knowledge to real-life global case studies. - Extend learning beyond the classroom by reflecting on skills learned and applying them to local and global environments. - Check understanding with engaging activities that thoroughly integrate deep learning skills. - Benefit from language support with an accessible text and definitions of technical terms throughout. - Consolidate learning with chapter reviews and examination-style questions, as well as useful links to extra activities and answers to the questions which are available in the Boost Core Subscription. Available in this series: Student Textbook Second edition (ISBN 9781510421271) Student Book Boost eBook (ISBN 9781398333833) Boost Core Subscription (ISBN 9781398341043) Workbook (ISBN 9781510421288) Study and Revision Guide (ISBN 9781510421295)
Download or read book Political Handbook of the World 2012 written by Tom Lansford and published by SAGE. This book was released on 2012-04-02 with total page 1849 pages. Available in PDF, EPUB and Kindle. Book excerpt: With more in-depth coverage of current political controversies than any other reference guide, 'Political Handbook of the World 2012' is the most authoritative source for finding complete facts and analysis on each country's governmental and political makeup.
Download or read book Cambridge IGCSE and O Level Economics written by Paul Hoang and published by Hodder Education. This book was released on 2013-12-13 with total page 517 pages. Available in PDF, EPUB and Kindle. Book excerpt: Written with the international student in mind, this book is endorsed by Cambridge International Examinations and contains the most up-to-date case studies, global examples and statistics. - In-depth coverage of every aspect of the latest Cambridge IGCSE and O Level Economics syllabuses to help students build the skills needed to succeed - Engaging and contemporary case studies and examples ensure the book is relevant to the international student - Accessible language and key terms defined to support ESL/EAL students - Student-focused CD-ROM provides useful weblinks to the latest case studies, interactive activities and answers to the questions in the textbook "A stimulating and exciting introduction to Economics that enables students from anywhere in the world to relate to the subject." Caroline Loewenstein, Economics and Business Education Association Cambridge International Examinations and Hodder Education Hodder Education works closely with Cambridge International Examinations and is an authorised publisher of endorsed textbooks for a wide range of Cambridge syllabuses and curriculum frameworks. Hodder Education resources - tried and tested over many years but updated regularly - are used with confidence worldwide by thousands of Cambridge students.
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Download or read book A Comparative Analysis of Railway Patronage in Two Metropolitian i e Metropolitan Cities written by Tak-hin Chan (Eric) and published by . This book was released on 2009 with total page 340 pages. Available in PDF, EPUB and Kindle. Book excerpt:
