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On the financial viability of mass transit development: the case of Hong Kong

机译：关于公共交通发展的财务可行性：以香港为例

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摘要

Mass transit projects are often a top contender of many cities to meet their increasing demand for travel. Despite the global trend of privatization, mass transit services, as public goods, remain largely being provided and operated by the public sector. Hong Kong is one of the few exceptions that all mass transit services are commercially operated. Both rail and bus services in Hong Kong are reputable for their quality and profitability, often serving as benchmarks for new projects. In this study, we investigate the factors contributing to this success. In particular, we ascertain the quality of transit service provision by the private sector over the past two decades. Then, we conduct an in-depth analysis of the account books of leading railway and bus operators in Hong Kong so as to shed light on their financial viability. Through this study, we hope to present crucial factors for providing financially viable private transit services.
机译：大众运输项目通常是满足许多城市旅行需求的头号竞争者。尽管有私有化的全球趋势，但大众运输服务作为公共物品仍主要由公共部门提供和运营。香港是所有公共交通服务均由商业运营的少数例外之一。香港的铁路和公共汽车服务均以质量和盈利能力而著称，经常作为新项目的基准。在这项研究中，我们调查了促成这一成功的因素。特别是，我们确定了过去二十年来私营部门提供的过境服务的质量。然后，我们对香港主要的铁路和巴士运营商的账簿进行深入分析，以揭示其财务可行性。通过这项研究，我们希望介绍提供财务上可行的私人运输服务的关键因素。

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