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 The Hong Kong Special Administrative Region (HKSAR) Government announced February 24 that the MTR Corporation Limited (MTRC) and Kowloon-Canton Railway Corporation (KCRC) have been invited to start negotiations on a possible merger.
A HKSAR Government spokesman said, “We believe that a merger could bring synergies and more effective utilization of resources for the two corporations.”
Possible benefits are in the areas of fare reduction, reduced duplication of networks for future railway projects, reduced project cost and time currently given over to negotiations on project interface issues and improved management streamlining.
MTRC and KCRC have been given 6 months to conclude their negotiations. The HKSAR Government will then decide whether or not to proceed with the merger.
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