Kowloon-Canton Railway Corporation

For the company which currently operates the KCR network, see MTR Corporation. For the railway network in which the KCRC used to operate, see Kowloon-Canton Railway. For the railway that ran between Kowloon (Hong Kong) and the city of Canton (China), see Guangzhou–Kowloon through train.

Kowloon-Canton Railway Corporation
Native name
九廣鐵路公司
Company typeGovernment-owned corporation, statutory corporation
IndustryAsset management, former public transport operator
Founded24 December 1982; 41 years ago (1982-12-24)
Headquarters
8th Floor, Fo Tan Railway House, 9 Lok King Street, Fo Tan, New Territories
,
Hong Kong
Number of locations
Hong Kong
Area served
Hong Kong
Revenue431 million Hong Kong Dollars (2021)
HK$ 387 million[1] (2021)
HK$ -2.155 billion[1] (2021)
Total assetsHK$ 76.126 billion[1] (2021)
Total equityHK$ 51.101 billion[1] (2021)
OwnerHong Kong Government (100%)[1]
Chinese name
Traditional Chinese九廣鐵路公司
Simplified Chinese九广铁路公司
Transcriptions
Standard Mandarin
Hanyu PinyinJiǔ Guǎng Tiělù Gōngsī
Yue: Cantonese
Yale RomanizationGáugwóng Titlouh Gūngsī
JyutpingGau2gwong2 Tit3lou6 Gung1si1
Websitewww.kcrc.com

The Kowloon-Canton Railway Corporation (KCRC; Chinese: 九廣鐵路公司) is a Hong Kong wholly government-owned railway and land asset manager.[1] It was established in 1982 under the Kowloon-Canton Railway Corporation Ordinance for the purposes of operating the Kowloon–Canton Railway (KCR), and to construct and operate other new railways. On 2 December 2007, the MTR Corporation Limited (MTRCL), another railway operator in Hong Kong, took over the operations of the KCR network under a 50-year service concession agreement, which can be extended. Under the service concession, KCRC retains ownership of the KCR network with the MTRCL making annual payments to KCRC for the right to operate the network. The KCRC's activities are governed by the KCRC Ordinance as amended in 2007 by the Rail Merger Ordinance to enable the service concession agreement to be entered into with the MTR Corporation Limited.[2][3][4]

The XRL Hong Kong Section and the Sha Tin to Central Link have since been injected by the Hong Kong Government into the KCRC.[5][6][7][8][9][10]

  1. ^ a b c d e f Annual Report 2021 (PDF) (Report). Kowloon-Canton Railway Corporation. 4 April 2022. Retrieved 13 August 2022.
  2. ^ Merger of MTR and Kowloon-Canton Railway Systems – Proposed Way Forward (PDF) (Report). Legislative Council Panels on Transport and Financial Affairs. 11 April 2006. LC Paper No. CB(1)1291/05-06(01). Retrieved 13 August 2022.
  3. ^ "Rail Merger Ordinance (Ord. No. 11 of 2007), A253". Hong Kong e-Legislation, The Government of Hong Kong SAR. 2007. Retrieved 13 August 2022.
  4. ^ "Kowloon-Canton Railway Corporation Ordinance (Cap. 372)" (PDF). Hong Kong e-Legislation, The Government of Hong Kong SAR. Retrieved 13 August 2022.
  5. ^ "Operating arrangements announced for Hong Kong Section of Guangzhou-Shenzhen-Hong Kong Express Rail Link".
  6. ^ "KCRC".
  7. ^ https://www.legco.gov.hk/yr17-18/english/panels/tp/papers/tpcb4-1500-1-e.pdf [bare URL PDF]
  8. ^ https://www.legco.gov.hk/yr18-19/english/panels/tp/tp_rdp/papers/tp_rdp20181207cb4-268-5-e.pdf [bare URL PDF]
  9. ^ https://www.legco.gov.hk/yr18-19/english/counmtg/papers/cm20190522-sp099-e.pdf [bare URL PDF]
  10. ^ https://www.legco.gov.hk/yr19-20/english/panels/tp/tp_rdp/papers/tp_rdp20200303cb4-322-3-e.pdf [bare URL PDF]