Kowloon-Canton Railway Corporation
The Kowloon-Canton Railway Corporation (KCRC; Chinese: 九廣鐵路公司) is a Hong Kong wholly government-owned railway and land asset manager. It was established in 1982 under the Kowloon-Canton Railway Corporation Ordinance for the purposes of operating the Kowloon–Canton Railway (KCR), and to construct and operate other new railways. On 2 December 2007, the MTR Corporation Limited (MTRCL), another railway operator in Hong Kong, took over the operations of the KCR network under a 50-year service concession agreement, which can be extended. Under the service concession, KCRC retains ownership of the KCR network with the MTRCL making annual payments to KCRC for the right to operate the network. The KCRC's activities are governed by the KCRC Ordinance as amended in 2007 by the Rail Merger Ordinance to enable the service concession agreement to be entered into with the MTR Corporation Limited.
Native name | 九廣鐵路公司 | ||||||||||||
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| Company type | Government-owned corporation, statutory corporation | ||||||||||||
| Industry | Asset management, former public transport operator | ||||||||||||
| Founded | 24 December 1982 | ||||||||||||
| Headquarters | 9 Lok King Street, Fo Tan, New Territories , Hong Kong | ||||||||||||
Number of locations | Hong Kong | ||||||||||||
Area served | Hong Kong | ||||||||||||
| Revenue | 431 million Hong Kong Dollars (2021) | ||||||||||||
| HK$ 387 million (2021) | |||||||||||||
Net income | HK$ -2.155 billion (2021) | ||||||||||||
| Total assets | HK$ 76.126 billion (2021) | ||||||||||||
| Total equity | HK$ 51.101 billion (2021) | ||||||||||||
| Owner | Hong Kong Government (100%) | ||||||||||||
| Chinese name | |||||||||||||
| Traditional Chinese | 九廣鐵路公司 | ||||||||||||
| Simplified Chinese | 九广铁路公司 | ||||||||||||
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| Website | www | ||||||||||||
The XRL Hong Kong Section and the Sha Tin to Central Link have since been injected by the Hong Kong Government into the KCRC.