Hong Kong's MTR terminates rail services contract with Stockholm city council

MTR

01/11/2023 09:38

Nov 1 (Reuters) - Hong Kong's subway operator MTR Corp
 0066.HK  said on Wednesday it was terminating a 10-year
contract with Sweden's Stockholm City Council to operate and
maintain the city's suburban rail services via its subsidiary
MTR Nordic. 
    Stockholm's suburban rail services are operated by MTR
Pendeltågen AB, a subsidiary of MTR Nordic, which will pay SEK
580 million ($51.88 million) to the city council in relation to
terminating the contract. 
    

($1 = 11.1791 Swedish crowns)

 (Reporting by Rishav Chatterjee in Bengaluru; Editing by
Shinjini Ganguli)
 ((Rishav.Chatterjee@thomsonreuters.com;))