Derailed MTR Train Back On Track

"); jQuery("#212 h3").html("

"); });
2019-03-19 HKT 23:48
An MTR train carriage that derailed in a crash during testing of a new signalling system on Monday has been restored to the tracks, raising hopes that services on the Tsuen Wan Line could soon be back to normal.
However, the MTR said late on Tuesday that it was too early to say whether the line between Central and Admiralty would be restored to normal on Wednesday. The damaged carriage will have to be towed away while the system is out of use overnight, and more work will be required to fix damaged equipment.
Services on the Tsuen Wan Line were suspended between the two stations on Monday and Tuesday, while trains elsewhere on the line were running at as little as half of their usual frequency.
MTR chairman Fred Ma said on Tuesday that the rail operator will set up an investigation panel which will include overseas experts to look into the collision.
Transport Secretary Frank Chan said the administration had ordered the railway company to carry out an in-depth probe, adding that the government's Electrical and Mechanical Services Department will also conduct its own thorough investigation and make public its findings.
Engineering expert Peter Chiu warned that it might take a few days before the two damaged trains can be removed from the track.
TOPPAN Edge Becomes Japans First Qualified VLEI Issuer
The Global Legal Entity Identifier Foundation (GLEIF) has announced TOPPAN Edge, a subsidiary of TOPPAN Holdings that p... Read more
SFC And Dubais DFSA Partner On Cross-Border Regulatory Cooperation
The Dubai Financial Services Authority (DFSA), the independent regulator of the Dubai International Financial Centre (D... Read more
Toss To Launch Finance Super-App In Australia, Plans Won-Based Stablecoin
South Korea’s fintech unicorn Toss is preparing to launch its finance super-app in Australia before the end of this y... Read more
China Funds Research On Stablecoins And Cross-Border Oversight
China’s largest government-backed research funder has begun accepting applications for studies on stablecoins and the... Read more
XTransfer, CZBank Shanghai Branch Form Cross-Border Finance Partnership
XTransfer has entered into a partnership with the Shanghai branch of China Zheshang Bank (CZBank). The agreement was si... Read more
Brinc Launches VentureVerse Through Acquisition Of OG Club
Brinc, a Hong Kong-based venture acceleration and corporate innovation firm, has acquired OG Club, a decentralised auto... Read more