MTR Corporation (0066) said it is entering an “exciting” growth period with new projects totaling over HK$100 billion, while seeking public support for a 9.4 percent Airport Express fare increase, citing a related HK$2 billion upgrade.
At MTR’s 2025 annual general meeting, chairman Rex Auyeung Pak-kuen said the group is pushing ahead with projects including the extension of Tung Chung Line and Tuen Ma Line, as well as the construction of a new station at Hung Shui Kiu.
These projects will involve investments exceeding HK$100 billion, he said, noting that is not a tiny figure.
He added the fare hike – expected to take effect in June – is the first in around eight years. He emphasized that the Airport Express has been in operation for many years and requires a number of upgrade programs.
He revealed MTR will also invest over HK$65 billion in the next five years to enhance railroad maintenance.
STAFF REPORTER
