China

Plan to improve rail asset management in Hong Kong

Hong Kong's transit operator MTR has announced a five-point plan to improve rail asset management, which will see investments of €7.5 billion (HK$ 65 billion) over the next five years from July 2023. This plan follows a review of outages in 2022. The plan includes actions such as accelerating the application of technology in rail service, improving risk management, and addressing workforce challenges.