Veolia takes over Hong Kong trams
May 09, 2009 | BY
clpstaff &clp articlesVeolia Transport China has entered into a 50-50 partnership with Wharf Transport Investments to operate Hong Kong Tramways. The terms of the agreement…
Veolia Transport China has entered into a 50-50 partnership with Wharf Transport Investments to operate Hong Kong Tramways.
The terms of the agreement dictate that Hong Kong Tramways will be equally owned by Wharf Transport, a subsidiary of Hong Kong-listed Wharf (Holdings), and Veolia Transport, a division of Veolia Environnement.
A recent editorial in Hong Kong newspaper The Standard speculated that Veolia was looking to expand its mainland China operations, using the Hong Kong tram acquisition as a starting point. The company already operates bus networks in Huaibei, Huainan and Nanjing.
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