MTR's (HKG:0066) new projects worth more than HK$100 billion signal an "exciting" growth period for the rail operator, The Standard reported Wednesday, citing chairman Rex Auyeung Pak-kuen.
The transport operator is moving ahead with the extension of the Tung Chung and Tuen Ma lines and the construction of a new station at Hung Shui Kiu, the report said, citing Auyeung's remarks at MTR's 2025 annual general meeting.
MTR is also seeking public support for a 9.4% fare increase for its Airport Express line to fund a HK$2 billion upgrade, according to The Standard, citing Auyeung.
The fare increase is the first in eight years, the report said.
MTR will also spend more than HK$65 billion in the next five years to improve railroad maintenance, according to the newspaper.
Shares slipped 1% during afternoon trading on Thursday.
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