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So in this case, the project cost rise is born by MTR, rather than the government (aka tax payer) which would often be the case in North America. I think it wou
by a_square_peg 4y ago
So in this case, the project cost rise is born by MTR, rather than the government (aka tax payer) which would often be the case in North America. I think it would be much easier for public to back transit projects with setup such as this.
- bobthepanda 4y agoMTR can only afford to eat the cost because of the high land prices that drive its profits. People say housing cost is the worst in San Francisco, where it is 12x house price to income ratio. Hong Kong has a ratio of 43.5x.