The Most Profitable Subway on Earth
From Bloomberg.
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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
Watch more short documentaries: https://www.youtube.com/playlist?list=PLqq4LnWs3olUDhww8NEcViirkrirzHp27
#HongKong #Transit #Train
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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
Watch more short documentaries: https://www.youtube.com/playlist?list=PLqq4LnWs3olUDhww8NEcViirkrirzHp27
#HongKong #Transit #Train
--------
Like this video? Subscribe: http://www.youtube.com/Bloomberg?sub_confirmation=1
Get unlimited access to Bloomberg.com for just $1.99 your first month: https://www.bloomberg.com/subscriptions?in_source=YoutubeOriginals
Bloomberg Originals offers bold takes for curious minds on today’s biggest topics. Hosted by experts covering stories you haven’t seen and viewpoints you haven’t heard, you’ll discover cinematic, data-led shows that investigate the intersection of business and culture. Exploring every angle of climate change, technology, finance, sports and beyond, Bloomberg Originals is business as you’ve never seen it.
Subscribe for business news, but not as you've known it: exclusive interviews, fascinating profiles, data-driven analysis, and the latest in tech innovation from around the world.
Visit our partner channel Bloomberg News for global news and insight in an instant.
