KCR definition
Examples of KCR in a sentence
With effect from the Merger Date, the MTR System and the previous KCR System (as at the Merger Date) have operated as a single combined system (the “Integrated MTR System”, as described below).
The Service Concession, which was granted by KCRC to the Company under the Service Concession Agreement dated 9th August 2007 (“Existing Service Concession Agreement”), provides the necessary legal framework to enable the Company to access, use and operate the assets required to run the KCR railway.
In February 2004, the Government invited the Company and KCRC to commence discussions relating to a possible merger of the MTR railway and the KCR railway and related businesses.
After the Rail Merger, the Company is required to operate the KCR railway subject to the Mass Transit Railway Ordinance (as amended by the Rail Merger Ordinance (Ordinance No. 11 of 2007) (the “Rail Merger Ordinance”)) and the New Operating Agreement.
After the merger of the MTR railway and the KCR railway and related businesses (the “Rail Merger”) (which occurred on the Merger Date) there are certain risks to the Company associated with operation of the KCR railway.
As a result, certain breaches thereof with respect to the KCR railway could potentially result in a revocation of MTRCL’s entire franchise (i.e. with respect to the MTR railway as well as the KCR railway).
The MTR railway and the KCR railway (the “Integrated Railway”), Light Rail and HSR are subject to a single regulatory regime and its operations are regulated by the Mass Transit Railway Ordinance, the Mass Transit Railway Regulations (Cap.
The Merger Agreements (as defined on page 75), together with the Rail Merger Ordinance, provide the legal framework and specific terms and conditions for the implementation of the Rail Merger and the continued operation of the MTR and KCR railways.
The Merger Agreements (as defined on page 77), together with the Rail Merger Ordinance, provide the legal framework and specific terms and conditions for the implementation of the Rail Merger and the continued operation of the MTR and KCR railways.
The Merger Agreements (as defined on page 76), together with the Rail Merger Ordinance, provide the legal framework and specific terms and conditions for the implementation of the Rail Merger and the continued operation of the MTR and KCR railways.