HONG KONG metro operator MTR Corp has been restructured as a limited company - MTR Corporation Ltd - with effect from June 30, paving the way for the government’s planned sale of a minority shareholding later this year. MTR’s Standard & Poor’s rating outlook was revised from ’developing’ to ’stable’ on June 26, following the end of negotiations for a new Operating Agreement.

In June MTRC signed an HK$2·3m agreement to provide track maintenance consultancy services to Taipei Rapid Transit Corp. n