MTR Corp invests USD 7 billion to purchase new trains

MTR-EastRailLineTrainMTR Corporation (Hong Kong) plans to invest around USD 7 billion to purchase 78 new eight-car trains with more modern operating systems and equipment to serve the Kwun Tong, Tsuen Wan, Island and Tseung Kwan O lines as part of its long-term asset renewal strategy to sustain high quality railway service for passengers. Tenders for the replacement of 78 existing train sets have been returned and the assessment process is ongoing.
Together with the USD 3.3 billion contract signed in March to replace the signalling system for six commuter lines and the Airport Express to lift overall carrying capacity, major investments in the existing railway network committed this year is expected to be over USD 10 billion.
“Continuing to invest to upgrade our assets for the long-term is essential to keep the system functioning to the highest international standards and to ensure that the community continues to enjoy safe, reliable and convenient services well into the future,” Jacob Kam, Operations Director of MTR Corporation said.

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