MTR chief Frederick Ma hits back at ‘illogical and unfair’ criticism over derailing incident and defends fare increase
MTR Corporation chairman put positive spin on incident, saying it was good to find problems so soon after testing had begun
The head of Hong Kong’s rail operator has called accusations the company attempted to cover-up a derailing incident “unwise, illogical and unfair”.
Speaking on the radio on Saturday, Ma played down the severity of the incident and even tried to apply a positive spin.
“It was, in fact, a good thing to find out a problem just three days after the trial began, because we can work on it immediately,” he said. “But this should not affect the commissioning date, set for end of September.”
The MTR had arranged an on-site inspection from the manufacturer – state-owned Qingdao Sifang – the next day, Ma revealed, while all the relevant government departments had also turned up.
He pledged that the MTR, which is tasked by the government to build the HK$84.4 billion (US$10.7 billion) project and is expected to operate it, would not compromise on safety.
Ma said under normal circumstances, tests would begin three months ahead of the official operation for any train service.
“But since the Guangzhou-Shenzhen-Hong Kong Express Rail Link is the first of its kind in Hong Kong, we have doubled the length of the trial phase to six months,” he said.
“If you look solely at our railway operations, the return on equity was only about 1 per cent.”
More than HK$8 billion was spent on maintenance alone last year, he added, and therefore the MTR had to rely on its property arm to offset such expenditure.
The MTR is Hong Kong’s dominant public transport provider, with an average of 5.19 million trips made daily in 2016, compared with 3.96 million for franchised buses and 933,000 for taxis, according to figures from the Transport Department.