Page 74 - 2016_SpecialReport_web

6 Special Report on the State of Business in South China

Rail
Recently, five new rail projects expanded Hong Kong’s net-

work by 35 percent to over 200 kilometers, with an increase in
public transit service from 31 percent to 39 percent. The city’s
major rail projects include the 7.4 kilometer extension of the
Kowloon-Canton Railway (KCR) from SheungShui to Lok Ma
Chau Spur Line and the Guangzhou-Shenzhen-Hong Kong
Express Rail Link worth US$8.6 billion.
Ports and Waterways

The Hong Kong port handles about 3/4 of Hong Kong’s
total cargo throughput and is among the world’s busiest
container ports by cargo throughput. There are nine container
terminals in Kwai Chung-Tsing Yi basin under the operation
of five different operators, namely, the Modern Terminals,
Hong Kong International Terminals Ltd, COSCO-HIT, DP
World and Asia Container Terminals Ltd. There are some
800 shipping-related companies in Hong Kong that provide
comprehensive maritime services including ship registration,
legal and dispute resolution services, ship financing and marine
insurance, and ship-ownership and vessel management.

74