KCRC Wins Bid for Sha Tin and Central Rail Link

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 ◆ KCRC Wins Bid for Sha Tin and Central Rail Link

The Kowloon-Canton Railway Corporation (KCRC) won a 26 billion HK dollars contract to build and run the new rail link between Sha Tin and Central recently.

According to Acting Secretary for Transport Paul Tang Kwok-wai, both the KCRC and its rival the Mass Transit Railway Corporation (MTRC) had submited very competitive bids, but the KCRC's bid was better financially as it attracted a higher patronage level, set lower fares, generated higher returns on investment and required no government funding.

Under the KCRC plan, the 17.1 km-long line to be completed by the end of 2008, will create 12,000 jobs. It will run from Tai Wai to Central West and have 10 stations.
Cross-border and New Territories passengers heading to Hong Kong Island will save up to 5 HK dollars as they will be able to travel all the way on the same network.