Although the number of motor vehicles in Hong Kong compared to the population is small it is growing rapidly. In I956 there were 11 motor vehicles for every 1,000 people, and now there are 25. There are 10 times as many private cars in the Colony as there were in 1948. The number of vehicles per mile of road is extremely high by world standards. Only Monaco and Gibraltar have more.
Consideration of these and many other factors has led to the conclusion that the travel needs of Hong Kong cannot continue to be wholly served by surface transport. Increasing congestion is already evident at many places and it is likely to get much worse. As it does, public transport vehicles will have to operate on slower and slower schedules which will require many more vehicles just in the attempt to maintain a constant level of service. The additional vehicles will, of course, increase the cost of providing service and cause more road congestion. On the other hand, these very factors will ensure the success of a grade-separated rapid-transit system.
Public mass transport is the most efficient means of moving people. The limited road mileage in Hong Kong requires such efficiency, and since a large proportion of travel is still by public transport, every effort should be made to retain it by improving and expanding the system.
[[File:MTS RecomSys Orig.png|替代=Map for the Recommended Rapid-Transit System|缩略图|659x659像素|Recommended Rapid-Transit System]]The recommended system is the outcome of penetrating studies conducted over the past two years. It combines the most advantageous features of several alternative plans tested against the forecast pattern and volumes of traffic loads. It has been designed to match capacity with these loads and provide a balanced plan for the movement of over seven million public transport passengers per day mostly by bus and rail.
The principal recommendation is that a 40-mile rail rapid-transit system be built to improve transport service and to relieve the burden on the surface street system. Projections of travel show that vast improvements to the surface street system would be needed by 1986 just to serve the needs of public transport if such a grade-separated system is not constructed. The capacity of many existing and proposed major roads could be exceeded by bus traffic alone, leaving no room for cars, taxis and lorries.
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建議興建的地鐵系統計劃以四條分開的路綫營運，分別為：
The rapid-transit system has been designed to operate as four separate lines, namely:
:{{觀塘綫1967}}來往[[上環站|上環街市]]及[[馬游塘站|馬游塘]]
:The ''Kwun Tong'' line, from Western Market to Ma Yau Tong
:{{荃灣綫1967}}來往[[金鐘站|海軍船塢]]及[[荃灣站|荃灣]]
:The ''Tsuen Wan'' line, from the Naval Dockyard to Tsuen Wan
:{{港島綫1967}}來往[[堅尼地城站|堅尼地城]]及[[柴灣站|柴灣]]
:The ''Island'' line, from Kennedy Town to Chai Wan
:{{沙田綫}}來往[[尖沙咀站|尖沙咀]]及沙田一帶
:The ''Sha Tin'' line, from Tsim Sha Tsui to Sha Tin
with convenient passenger interchange facilities at several stations. Most of the system will be underground but about eight miles will be on overhead structure. The lines have been routed so as to penetrate the most densely developed areas, and the stations have been located to serve the maximum number of people commensurate with rapid operation.
There are 50 stations on the system, 8 of which are common to 2 or more lines. The average station spacing is 0.72 miles but is about 0.5 miles in the more intensively developed areas. This spacing will allow average speeds including station stops of 20 miles per hour or more—nearly double present public transport speeds.
It is envisaged that a complex system of bus routes will connect with the rapid-transit system to serve passengers who do not have origins or destinations within walking distance of stations. A hovercraft ferry service between Hong Kong Island and Castle Peak is also planned. The Peak Tramway, the Kowloon-Canton Railway, the outlying ferry services, and at least one cross-harbour ferry are expected to be operating in the design year as they do now. The volume of bus travel will continue to grow throughout the next 20 years even though the rapid transit is expected to be carrying 33 per cent of the total public transport load by 1986.
Construction of the system is planned in six stages. Although in each stage work on two, and sometimes three, stages would be going on simultaneously, most of the Kwun Tong Line would be built in Stage 1, most of the Tsuen Wan Line in Stage 2, most of the Island Line in Stage 3 and all of the Sha Tin Line in Stages 5 and 6. With the aim of having the entire system in operation by 1985, detailed design is scheduled to start in 1968 and construction in 1970. The first line should then be ready for operation in 1974; additional lines coming into service about every two years thereafter.
After considering all the various alternatives it was concluded that the best service consistent with low cost and dependability can be provided with electrically-powered, steel-wheel cars operating on steel rail. The system has therefore been designed to accommodate trains of large, powerful, high-capacity cars. Stations, platforms, car doors and seating arrangements have all been laid out for quick loading and unloading under heavy traffic conditions. Automatic train control and possibly automatic fare collection will assure maximum efficiency with minimum manpower.
The total cost to build and equip the system is estimated to be $3,404 million<ref>There are 16 Hong Kong dollars to the Pound sterling and 5.7 Hong Kong dollars to the United States dollar.</ref>—an average of about $200 million a year throughout the 17-year period of design and construction. Of this amount, 58 per cent is for line and station construction, 36 per cent for equipment and furnishings and 6 per cent for land. The total annual operating expenses, including depreciation, range from $21.9 million in 1974 to $104.8 million in 1986.
These may seem to be very large amounts of money, but it must be remembered that they are the total costs of a comprehensive long range programme related to one of the most important facets of urban life. If the amounts that have been spent during the last 20 years on housing, waterworks or roads had been predicted in the late 1940's they would have seemed completely unbelievable; yet year by year the necessary capital funds have been found.
A fare schedule varying with distance and equal for both surface transport and rapid-transit travel up to five miles is recommended. For longer journeys higher fares on rapid-transit are proposed in recognition of the faster service. The fares on which the revenue estimates are based have been established in line with present levels and the cheapest fare, for a trip of less than 1.25 miles, is 10 cents.
The estimated annual gross revenue from the rapid-transit system based on the recommended fare schedule ranges from $36 million in 1974, the first year of operation, to $342 million in 1985 when the entire system will be in use. The total net revenue available for debt service from start of operation to the year 2004, 20 years after completion of construction, is $6,286 million. Discounted cash flow calculations ignoring the residual value of the system after 2004 show that this amount is sufficient to pay for the system at an interest rate of 4.2 per cent.
Finance at this low interest rate is unlikely in practice to be obtainable and some assistance from public funds in the early years is likely to be necessary. This can be justified in light of practices in other cities, but still more important it can be justified in consideration of the many benefits to all the people of Hong Kong. The benefits will not be limited to those who use the system but will be spread among all who travel. The routes, stations, trains and fare structure have all been designed to attract the maximum number of people away from the streets and thus to leave them as uncongested as possible for the free movement of the Colony's commerce.
While all travellers will receive some benefits, public transport passengers and more particularly rapid-transit users will receive the most. It has been estimated that over 270,000 hours will be saved each day in the design year by public transport users. If time is valued at only $1.20 per hour, the direct time savings alone will amount to $111 million in 1986 which exceeds the whole cost of operating the rapid transit for that year, and is more than half the average annual capital outlay during the building period, 1968–1984.
