日韩精品久久一区二区三区_亚洲色图p_亚洲综合在线最大成人_国产中出在线观看_日韩免费_亚洲综合在线一区

Fast track to Bay Area integration

By HE SHUSI in Hong Kong | China Daily | Updated: 2018-09-25 04:24
Share
Share - WeChat

Not just about money

A second-class ticket from West Kowloon Station to Shenzhen North costs HK$86 ($11). EDMOND TANG/CHINA DAILY

Although bringing significant social benefits, the massive rail project has long been challenged by skeptics. The cost of the Hong Kong section of the XRL was about HK$84.42 billion (US$ 10.75 billion). This has raised questions about the link's profitability.

According to the Hong Kong Transport and Housing Bureau, more than 90 percent of direct economic benefits from the city's section will come from cost savings resulting from shorter commuting times.

It is estimated that, over 50 years, the Hong Kong section could save passengers about 39 million hours of journey time per year on average, saving HK$88 billion.

Estimates also show the operating margin of the Hong Kong section will reach 53.4 percent by 2031. An operating margin is a ratio used to measure how well a company controls its costs, and is calculated by dividing operating income by net sales, and expressing it as a percentage.

Gerald Ollivier, transport cluster leader of the World Bank, said: "Since this particular line is built underground, its capital cost per kilometer is substantially higher than traditional high-speed rail lines. Accordingly, a high operating margin will be required to cover this cost."

Hong Kong's Secretary for Transport and Housing, Frank Chan Fan, said the aim of the city government's investment in the XRL is to facilitate the flow of cross-boundary travelers, and to promote regional economic growth, rather than simply focusing on profitability.

Carlos Casanova, an economist and strategist on China and other Asian countries at Coface, a global credit insurance and risk assessment company, said the XRL is more about the long-term economic transformation within the Bay Area.

He said the link will significantly boost the frequency of exchanges among people from the manufacturing industry in Guangdong cities such as Dongguan, Foshan and Huizhou, the technology sector in Shenzhen and the financial services industry in Hong Kong.

Witman Hung Wai-man, a Hong Kong deputy to the National People's Congress, the country's top legislature, hopes the SAR government can subsidize the MTR Corp, to enable more discounts such as monthly passes or seasonal passes for young cross-boundary commuters.

Hung, also Hong Kong's chief liaison officer at the Shenzhen Qianhai Authority, a joint modern service industry cooperation zone, said the subsidy would account for a small proportion of the government budget, but could encourage more people to live or work on the mainland, and ease living pressure in Hong Kong, especially for young people.

The city has been the world's least-affordable housing market for eight consecutive years, according to the latest study by Demographia, an urban planning policy consultancy, in its annual report in January.

The study found the median price of a home in Hong Kong was 19.4 times the median annual pre-tax household income for last year, up from 18.1 times in the previous study.

Luis Liu contributed to the story.

|<< Previous 1 2 3 4 5 6   
Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
主站蜘蛛池模板: 一级毛片私人影院老司机 | 国产午夜亚洲精品一区 | 男女激情免费视频 | 一区中文字幕 | 97超级碰碰碰视频在线视频观看 | 爱久娱乐网| 天堂综合网久久 | 亚洲视频免费 | 日韩精品hd | 日本不卡一区在线观看 | 国产黄色在线观看 | 国产精品久久人妻无码蜜 | 天堂成人| 欧美一区二区在线免费观看 | 国产精品毛片无码 | 国产精品久久久久久久久久免费看 | 午夜av免费 | 日韩欧美在线看 | 狠狠色噜噜狠狠狠97影音先锋 | 国产毛片视频在线 | 999精品免费视频 | 黄在线观看+在线播放 | 四虎影视永久免费观看网址 | 亚洲精品成人 | 国产99精品 | 97人人草| 日日夜av| 欧美成人伊人十综合色 | 欧美精品一区二区三区久久 | 青青草成人免费视频在线 | 黄色网址在线免费播放 | 久久国产美女 | 国产精品久久久久久久久电影网 | 久久久久久99精品 | 亚洲一区二区三区久久久 | 天天噜噜揉揉狠狠夜夜 | 成人深夜视频在线观看 | 国产97免费视频 | 九九综合九九综合 | 成人精品国产 | 国产高清在线精品免费 |