The public transport system in Hong Kong
The public transport system in Hong Kong is very comprehensive and efficient. It includes trams, MTR, buses, taxis, and light rail. The tramway system is one of the oldest public transport systems in operation. The Mass Transit Railway (MTR) is a rapid transit railway system that began operations in 1979. There are two types of buses in Hong Kong – franchised buses and non-franchised buses. There are three main types of taxis in operation in Hong Kong – red taxis, green taxis, and blue taxis. The public transport system in Hong Kong can be regarded as a monopoly because there is only one operator for each type of transportation (trams, MTR, buses, etc.). The high degree of capital investment required to set up and maintain a public transport system creates barriers to entry for potential competitors.