7/27/2023 0 Comments Google groups masstransit![]() ![]() On 11 April 2006, the Hong Kong Government officially announced the details of the proposed merger. In March 2004, the Hong Kong Government officially encouraged the two companies to merge. The MTRCL backed such a merger while the KCRC opposed the plan. There had been some discussion of merging the Kowloon-Canton Railway Corporation (KCRC), which was also government-owned, and the MTRCL to make the territory's transport system more efficient. Ticket gates at key interchange stations have been removed one year after the merger The MTR has continued to be one of the few profitable public transport systems in the world. In June 2001, MTR was added to the Hang Seng Index.Īt the time of the initial public offering, the company was operating with a surplus of HK$360 million (US$46.1 million), which had increased from a surplus of HK$278 million (US$35.6 million) in 1997. On 5 October 2000, the company was listed on the Hong Kong Stock Exchange with 600,000 shareholders. The offering was for one billion shares, but this was increased to 1.15 billion due to high demand. On 11 September 2000, the financial secretary of the Hong Kong Government, Sir Donald Tsang, announced the partial privatisation of MTR Corporation Limited. Following a successful initial public offering, the MTRCL was listed on the Hong Kong Stock Exchange on 5 October 2000, however the government is still the majority stakeholder in the MTRCL. As with the MTRC, the MTRCL's principal business is to operate the mass transit railway system. On 30 June 2000, the MTRC was succeeded by the MTR Corporation Limited (MTRCL, 地下鐵路有限公司). The Mass Transit Railway Corporation ( Chinese: 地下鐵路公司) was established on 22 September 1972 as a government-owned statutory corporation to build and operate a mass transit railway system to meet Hong Kong's public transport needs. The MTR additionally invests in railways across different parts of the world, including franchised contracts to operate rapid transit systems in London, Sweden ( Stockholm Metro and the MTRX Stockholm–Gothenburg rail link), Beijing, Hangzhou, Macau, Shenzhen, Sydney, and a suburban rail system in Melbourne. It is listed on the Hong Kong Exchange and is a component of the Hang Seng Index. MTR Corporation Limited is a majority government-owned public transport operator and property developer in Hong Kong which operates the Mass Transit Railway, the most popular public transport network in Hong Kong. The card must be registered with the same first and last name as your Department of Defense (DoD) Common Access Card (CAC).Hoeng1 gong2 tit3 lou6 jau5 haan6 gung1 si1 ![]() You must obtain and register Washington Metropolitan Area Transportation Authority (WMATA) (Metro) SmarTrip® card prior to enrolling in MTBP. The MTBP links directly to the WMATA SmartTrip card program. This user guide is intended for DoD employees who want to enroll, recertify, change or withdraw from the Mass Transportation Benefit Program using the web based system.Īll military members and civilian employees who have a Common Access Card (CAC) and access to a DoD CAC-enabled system are required to use this system to apply and participate in the Mass Transportation Benefit Program. Any updates will be posted at the MTBP website ( ) Source: IRS Revenue Procedures (rp-13-35).Ĭongress may still act to extend the limit above $130, but at this time agencies must proceed with what the law states as the maximum tax exempt mass transit subsidy limit. Unless a new statutory limit is approved by Congress, the statutory limit will decrease to $130 per month starting January 1, 2014. This new amount was not intended to be permanent and expires at the end of 2013. In January 2013, the American Taxpayer Relief Act of 2012 (H.R.8) temporarily raised the transit benefit statutory limit to $245 per month. The MTBP System was developed to allow DoD federal employees and military members in the National Capital Region (NCR) the ability to apply for federally subsidized mass transportation benefits. Temporary Quarters Subsistence Allowance.Headquarters Marine Corps Staff Agencies.Administration and Resource Management Division.Headquarters and Service Battalion North.Marine Corps Combat Development Command.Civilian Leadership Development Program. ![]()
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