TNAG-1362-FCO40-1808-Hong-Kong-Hansard-reports-and-minutes-of-the-meetings-of-the-1985 — Page 219

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The Island Line will open to passenger service

between Admiralty and Chai Wan on 31 May 1985, some 5 weeks ahead of schedule. It will be completed within the budget of $11 billion.

The M.T.R. is the only mass transit system in

the world whose unsubsidised fare revenues are sufficient

to cover all costs, including depreciation, plus a useful operating profit margin. Members will join me in

congratulating the board, management and staff for competently managing for another year what is the most densely utilised mass transit railway in the world.