The MTR spent 3.3 billion to replace the signalling system of seven railway lines in the urban area. However, during the test of the new system in March 2019, two trains collided between Central and Admiralty Station. As a result, the replacement of the signalling system has been delayed.
MTR said at its interim results meeting today (11th) that it expected that it would take a longer time to complete the system software security assurance work.
The MTR continued that it is studying alternatives, including upgrading the existing system SACEM for long-term use, instead of fully adopting the new signalling system. It is written down over the relevant reporting period and charged to the consolidated statement of profit or loss.
In addition, to ensure that the new trains can be put into service as planned, MTR will equip 93 new trains with the SACEM system in phases, and the first new trains are expected to be put into service in the fourth quarter of 2022.
On March 18, 2019, two Tsuen Wan Line trains collided
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MTR's new signaling system supplier is Alstom-Thales DUAT JV, a joint venture between France's Alstom and Thales.
However, on March 18, 2019, when the MTR was testing the new signalling system of the Tsuen Wan Line, two trains collided and were severely damaged. Remedial measures were required, which delayed the signalling system works.
MTR revealed in its interim results that although the hardware replacement of the signalling system along the track is progressing smoothly, due to the complex technical issues and the epidemic situation, it will take longer than expected for the contractor to complete the software security assurance work required by MTR.
MTR said the work was critical to ensuring the safety of the new signalling system.
The MTR continued that, in addition to cooperating with contractors to promote the replacement of signalling works, it is also studying alternative options, including upgrading the existing SACEM system for long-term use, as an alternative to fully adopting the new signalling system.
MTR also pointed out that in order to ensure that the new trains can be put into service as planned, 93 new trains will be equipped with the SACEM system in phases, and the first new trains are expected to be put into service in the fourth quarter of 2022.
The so-called new trains, MTR purchased 93 eight-car trains (commonly known as Q-trains) from CSR Qingdao Sifang Rolling Stock Co., Ltd. in 2015 to replace trains on multiple railway lines, including the Tsuen Wan Line and the Hong Kong Island Line. Imperial train.
In addition, MTR has also started to renew the assets of the SACEM system so that it can continue to provide reliable train services in the short term.
MTR said that if it decides not to introduce the complete new signalling system, or any part of it, the related expenses that have been capitalised will be written down in the relevant reporting period and charged to the consolidated statement of profit or loss.
The new system of adding and reducing fares is under review, and the new system will take effect in the middle of next year
Although the Tuen Ma Line and the cross-sea section of the East Rail have been opened to traffic, the MTR is still arguing with the government about the 1.37 billion project management fee involved in the project.
MTR said in its interim report that the matter still needs to be resolved. At this stage, MTR will continue to fulfill its project management responsibilities under the SCL Entrustment Agreement.
In addition, the MTR fare increase and decrease mechanism has attracted criticism from time to time. MTR Chief Executive Jin Zepei said that the work related to the review of the fare adjustment mechanism has already begun, and he is willing to listen to the opinions of different stakeholders. or effective in July.
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