随着我国城市轨道交通运营规模持续增长,轨道交通可持续发展的重要性日益凸显。港铁作为世界上唯一一家盈利的地铁公司,其经营模式对我国内地轨道公司具有重要借鉴意义。通过对港铁各项业务的利润进行分析,发现随着港铁进入运营时代,“轨道+物业”已不再是其可持续发展的关键因素,取而代之的是客运及车站商务等运营类业务,而这类业务盈利的根源就是对轨道交通巨大客流的“流量变现”。这说明土地资源只能解决轨道交通可持续的“建设”,而客流才能解决可持续的“发展”。

With the continuous growth of urban rail transit operation scale of China, the importance of sustainable development of rail transit is increasingly prominent. As the only profitable Metro Company in the world, MTR"s business model is of great significance of China"s mainland rail companies. Through the analysis of the profits of various businesses, it is found that as MTR enters the operation Era, "Rail + property" is no longer the key factor of its sustainable development. Instead, it is the operation business such as Transport Operations and Station Commercial Business. The profit of these businesses is derived from the large amount of passenger flow within the MTR, which is known as "flow realization ". This shows that land resources can only support the construction of rail transit, and it is passenger flow that can support its development.