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Hong Kong’s Mass Transit Railway is the most profitable transit system in the world. While subways tend to lose money everywhere else, the MTR funds its system through a real estate engine known as “land-value capture.” By directly integrating malls, offices and apartments into stations, the railway has created a self-funding loop that pays billions of dollars back to the government.
Now, the MTR is taking on a massive challenge: funding transport for the Northern Metropolis, a new tech hub aimed at better connecting Hong Kong with Mainland China. But as local real estate cools, construction costs soar and residents shift retail spending across the border to Shenzhen, the MTR is taking on record debt to fund the expansion. Will this ambitious project break the very rule that made Hong Kong’s transit a global marvel?
00:00: Introduction
01:57: Hong Kong’s layout
03:23: Hong Kong’s money making machine
05:29: What the money buys
07:30: The multi-billion dollar challenge
09:54: MTR’s business shift
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#HongKong #Transit #Train
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