Various proposals to merge the KCRC and the other railway operator in the territory, the MTR Corporation (MTRC), had been on the government's agenda since the 2000s. In 2006, the government, as the sole shareholder of the KCRC, decided that the two railway networks should be merged with the MTRC being granted a service concession to operate the KCR network for an initial period of 50 years. The decision was passed by the Executive Council on 11 April 2006, and was later approved by the Legislative Council and the minority shareholders of the MTRC (the government, which had a 75% stake in the MTRC, did not vote).