How public transport actually turns a profit in Hong Kong

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The Hong Kong MTR’s ‘rail plus property’ model keep fares cheap and makes the company completely self-sustaining. Could loss-making metro systems in other cities learn lessons?

“Once we build the railway, the value of land rises and we capture the increase in value,” says Jacob Kam, managing director and soon-to-be chief executive, of Hong Kong’s Mass Transit Railway (MTR) Corporation.

Related: Hong Kong faces commuter chaos after rare train collision

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