Operation organization
Tate's Cairn Tunnel Co., Ltd. obtained the 30-year franchise of Tate's Cairn Tunnel on 1988 by means of "construction, operation and handover". All the funds are injected by private companies. The tunnel company is responsible for the construction of tunnels and related projects, as well as the management and operation during the franchise period, and obtains a reasonable return by collecting tunnel fees (13%). When the franchise expires, the tunnel facilities will be returned to the Hong Kong Government. One of the purposes of building Tate's Cairn Tunnel is to ease the traffic flow of Lion Rock Tunnel. In 2008, the average daily traffic volume reached 54,500 vehicles. Shareholders of the company include Hong Kong Stock Connect Holdings Limited, Xinjian Group Limited, Victoria Song Construction Co., Ltd. and China Construction Enterprise Co., Ltd..
At the end of June, 2004, Tate's Cairn Tunnel suffered a cumulative loss of HK$ 453 million, and applied to the Legislative Council for adjustment of tunnel tolls. Based on the principle of "small government, big market", the Hong Kong Government has no intention to buy back the franchise of Tate's Cairn Tunnel Company, and the tunnel fare increase application was approved. The new toll came into effect in August 2005.
The government announced that the Executive Council had approved the Tate's Cairn Tunnel Company Limited's application for fare increase, and the new toll was implemented on 30 October 2008/KLOC-0. The project awarded by "build, operate and transfer" is a model of joint development of public and private institutions. In order to meet the public demand for road network and the principle of prudent financial management of the government, private sector participation in the development of transportation infrastructure is a solution. The inflow of funds through "construction, operation and transfer" will not only help the rapid development of Hong Kong's transportation infrastructure, but also avoid huge public expenditure. Successful cooperation between public and private organizations in infrastructure projects is also conducive to the development of Hong Kong.
The infrastructure projects awarded by Build, Operate and Transfer in Hong Kong include Tate's Cairn Tunnel, Eastern Harbour Crossing, Western Harbour Crossing, Route 3 (Country Park Section) and Hung Hom Harbour Crossing.
Tate's Cairn Tunnel-History
Tate's Cairn Tunnel started in July 1988+0 1 and was completed in June 199 1 with a cost of19.6 billion Hong Kong dollars. Opened to traffic on June 26th 199 1. The toll plaza is located in Xiaoliyuan, with a total of 65,438+04 toll booths, of which 9 are manual toll booths and the other 5 are automatic toll booths dedicated to automatic toll collection.
Adjacent to the subway station
Diamond Hill Entrance:
Kwun Tong Line: Exit C2 of Diamond Hill Station
Siu Lek Yuen Entrance:
Ma 'anshan Line: Exit D, City No.1 Station.
basic document
Total length of tunnel: 3.95km.
Speed limit: 70 km/h
Number of pipes: two pipes
Number of lanes: 2 lanes per pipeline.
Number of tracks: {{{Number of tracks}}}
Location: across Kowloon and New Territories East.
Starting point: Kwun Tong Bypass, Diamond Hill, Wong Tai Sin District
End point: Tate's Cairn Highway, Xiaoliyuan, Sha Tin District
Charge:
1. Electric bicycle/motor tricycle: HK$ 1 1
2. Private car/taxi: HK$ 14 yuan [1]
3. Public and private light buses: HK$ 2 1.
4. Light goods vehicles with a gross weight of 5.5 tonnes or less: HK$ 265,438 +0.
5. Medium-sized goods vehicles with a gross weight of 5.5 to 24 metric tons: 25 yuan.
6. Heavy goods vehicles with gross weight exceeding 24 metric tons: 25 yuan.
7. Public and private single-decker buses: 28 yuan.
8. Public and private double-decker buses: HK$ 365,438 +0.
9. If the vehicle has more than two axles, the extra fee for each axle: HK$ 18.
Location of Toll Plaza: Siu Lek Yuen, Sha Tin District
Old name information of tunnel:
Tunnel commencement date:1July 988 1 1.
Tunnel construction plan:
Commencement date: 199 1 June 26th, 2008.
Construction mode: build, operate and transfer mode (BOT)
Owner: Tate's Cairn Tunnel Company Limited
Management organization: Tate's Cairn Tunnel Co., Ltd.
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