National Railway System
This chapter analyses the provision of rail transit services in Hong Kong from three perspectives. Firstly, people give, by way of background, an outline of the transport and land use policies set forth by the government, illustrating the importance of these policies in shaping the supply of rail transit services. Secondly, given the operation of rail transit services according to commercial principles together with the competitive nature of the public transport market in Hong Kong, we can reasonably assume that the services are operated at optimal levels. Finally, people investigates how the experience of Hong Kong can be applied to build up an integrated railway and property development model that can secure the financial viability of a railway development project and the provision of a quality rail transit service, through the partnership participation between public and private sectors. The capital investment required for a rail transit project is huge as compared with other transport infrastructure.