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STAT-USA/Internet * Mass transit equipment - heavy rail/subway, light rail, buses, etc.
Mass transit equipment - heavy rail/subway, light rail, buses, etc.

 
Market Research [MRP]
ID: 132264
 Regions:  EAP;Asia;East Asia
 Country:  Hong Kong

 Industry:  Automotive & Ground Transportation
 Sector:  Railroad Equipment

by: Alice Lai
approver: Sarah Kemp
Report Date: 05/24/2005
Expires: 12/31/2006

INTERNATIONAL COPYRIGHT, U.S. & FOREIGN COMMERCIAL SERVICE AND U.S. DEPARTMENT OF STATE, 2006. ALL RIGHTS RESERVED OUTSIDE OF THE UNITED STATES.
Hong Kong has five different rail systems: the heavily utilized Mass Transit Railway (MTR) network, the suburban Kowloon-Canton Railway (KCR), the Light Rail Transit (LRT) system, and the Peak funicular tramway and a street tramway. The KCR and LRT are operated by the Kowloon-Canton Railway Corporation (KCRC) (a wholly Government owned public corporation) while the MTR is operated by the Mass Transit Railway Corporation Limited (MTRCL) (a listed company with Government as the major shareholder). The tramways are owned by private operators.

Railroads account for 31 percent of daily domestic passenger travel and over 80 percent of cross-boundary passenger trips to the Mainland. In line with the Government’s transport policy to use railroads as the backbone of the public transport systems as outlined in the Railway Development Strategy 2000, the rail systems are being extended. Some U.S. $13 billion will be spent on six additional rails targeted for completion between 2008 and 2016. Potential business opportunities for U.S. companies arising from expansion of these two rail systems in exporting of railroad equipment, providing consultancy and project management services.
For additional information regarding market research specific to your products and services, ask about our Customized Market Research (CMR) program by contacting us at 1-800-USA-TRAD(E) or www.export.gov or www.buyusa.com. Both reports provide timely, customized, reliable answers to your inquiries about a market and its receptivity to your products and services.

To the best of our knowledge, the information contained in this report is accurate as of the date published. However, The Department of Commerce does not take responsibility for actions readers may take based on the information contained herein. Readers should always conduct their own due diligence before entering into business ventures or other commercial arrangements. The Department of Commerce can assist companies in these endeavors.
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Alice Lai
U.S. Commercial Service, American Consulate General
26 Garden Road, Central
Hong KongHong Kong
(852) 2521-4638
(852) 2845-9800
alice.lai@mail.doc.gov
http://www.buyusa.gov/hongkong