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01.16.2013 18:21

Subway Builder's Dark Tunnel on the Mainland

Hong Kong's MTR Corp. succeeded in Shenzhen and Beijing, but in other cities its subway projects have foundered
By staff reporters Wu Jing and Li Xuena

(Beijing) — Chinese cities banking on public transit projects to generate economic growth are turning a hopeful eye toward publicly traded subway contractor Mass Transit Railway Corp. Ltd.

What's unclear, though, is whether Hong Kong-listed MTR is willing or even allowed to work with second- and third-tier governments in cities where urban mass transit generally means buses.

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