On 30 November 2015, MTR Corporation Limited announced that it had entered into the XRL Agreement with Government relating to the further funding and completion of the Express Rail Link project. The company will pay the Special Dividend of HKD 4.40 in aggregate per share in cash in two equal tranches. It is expected that the first tranche will be paid in cash in the second half of 2016 and the second tranche will be paid in cash in the second half of 2017.