Trust me, little googling can do wonders.
"The Mass Transit Railway (MTR) Corporation, which manages the subway and bus systems on Hong Kong Island and, since 2006, in the northern part of Kowloon, is considered the gold standard for transit management worldwide. In 2012, the MTR produced revenue of 36 billion Hong Kong Dollars (about U.S $5 billion)—turning a
profit of $2 billion in the process".
The Unique Genius of Hong Kong's Public Transportation System - The Atlantic
Syed sahib first and most important thing to remember is you cannot cannot compare apples and oranges. I am posting from your link below.please you and others feel free to tell me,why the same company operating mass transit through out the world is only turning profits in Hong Kong.
Governemnt subsidize in Hong Kong is given direct to the people, making the profits looks artificially bigger then they are. Visit Hong Kong you have pretty much No choice but to take the bus or train. Or pay through the nose for private transport.
Like no other system in the world, the MTR understands the monetary value of urban density—in other words, what economists call "
agglomeration.” Hong Kong is one of the world’s densest cities, and businesses depend on the metro to ferry customers from one side of the territory to another. As a result, the MTR strikes a bargain with shop owners: In exchange for transporting customers, the transit agency receives a cut of the mall’s profit, signs a co-ownership agreement, or accepts a percentage of property development fees. In many cases, the MTR owns the entire mall itself. The Hong Kong metro essentially functions as part of a vertically integrated business that, through a "rail plus property" model, controls both the means of transit and the places passengers visit upon departure. Two of the tallest skyscrapers in Hong Kong are MTR properties, as are many of the offices, malls, and residences next to every transit station (some of which even have direct underground connections to the train). Not to mention, all of the retail within subway stations, which themselves double as large shopping complexes, is leased from MTR.
The profits from these real estate ventures, as well as that 85 percent farebox surplus, subsidize transit development: proceeds pay for capital expansion as well as upgrades. The MTR’s financial largesse means that the transit system requires less maintenance and service interruptions, which in turn reduces operating costs, streamlines capital investments, and encourages more people to use transit to get around. And more customers means more money, even if fares are relatively cheap: most commutes fall between HK $4 and HK$20 (about 50 cents to $3), depending on distance. (In London, by comparison, a Tube journey can cost as much as $18). Fare increases in Hong Kong are
limited by regulations linking fares to inflation and profits, and the territory’s government
recently started giving a HK $600-per-month travel stipend to low-income households, defined as those earning less than HK $10,000 a month.
This model of transit management works partly because Hong Kong is a closed system: There are no suburbs from which people can commute by car, so there are strong incentives for everyone within the territory to use the system. This feature, combined with other regulations, has kept car ownership low: 6 of every 100 vehicles in Hong Kong are for personal use, whereas the number in the U.S. is closer to 70. And while the NYC subway was built over a century ago and was neglected during much of the 20th century’s suburban sprawl, Hong Kong’s metro was only developed in the late 1970s. As a result, it doesn’t have to rely on signals technologies from the 1930s that are only slowly being upgraded (hence the track closures in New York).
hahaha .. azeem logic by azeem leader ..
. Stupidity ke bhi koi limit hoti hai.
