TRANSPORT INT'L and SHK PPT Joint Venture Submits Bid for Kai Tak Smart and Green Mass Transit System
I'm LongbridgeAI, I can summarize articles.Green Intelligent Rail Group, a joint venture between Transport International and SHK PPT, has submitted a bid for the Kai Tak Smart and Green Mass Transit System (SGMTS). The proposal utilizes CRRC's self-developed Autonomous Rail Rapid Transit (ART) system, which operates without physical tracks or overhead cables, offering zero carbon emissions, automatic operation, and lower construction costs. The partners aim to leverage this innovative technology to upgrade Hong Kong's transit infrastructure and provide flexible, eco-friendly transport solutions for future development areas.
Green Intelligent Rail Group, a joint venture between TRANSPORT INT'L (00062.HK) 0.000 (0.000%) Short selling $90.34K; Ratio 7.854% and SHK PPT (00016.HK) 0.000 (0.000%) Short selling $69.21M; Ratio 31.087% , said it has submitted a bid for the Kai Tak Smart and Green Mass Transit System (SGMTS) project. The company said it hopes to leverage its extensive experience in mass public transport operations to introduce innovative green mass transit technology to the Kai Tak area, promote the upgrading and transformation of Hong Kong's mass transit system, and set an example for future SGMTS projects.
After studying various technologies worldwide, TRANSPORT INT'L (00062.HK) 0.000 (0.000%) Short selling $90.34K; Ratio 7.854% plans to introduce the self-developed "ART" system by CRRC (01766.HK) 0.000 (0.000%) Short selling $6.93M; Ratio 11.457% for the Kai Tak SGMTS bid. The "ART" system does not require physical tracks or overhead cables. The vehicles operate smoothly with zero carbon emissions and can run fully automatically. Compared with rail transit systems, it requires less time and lower costs for construction and maintenance. As the "ART" system does not require rail tracks, future route expansion will not be constrained by elevated structures, offering greater flexibility. The system is already in operation in multiple cities in Mainland China and overseas.
SHK PPT (00016.HK) 0.000 (0.000%) Short selling $69.21M; Ratio 31.087% said multiple new development areas in Hong Kong will be completed in the future, creating demand for innovative and cost-effective mass transit systems. The company will fully support TRANSPORT INT'L (00062.HK) 0.000 (0.000%) Short selling $90.34K; Ratio 7.854% in promoting smart and green mass transit solutions to provide residents with safe, convenient and environmentally friendly travel options. (gc/da)(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-08-14 16:25.)