Five months of “10% Same-Day Second-Trip Discount” Starts when New MTR Fares take effect on 21 June.

Five months of “10% Same-Day Second-Trip Discount” starts when new MTR fares take effect on 21 June.

New fares are effective on 21 June, 20% of passengers will pay extra 50 HK cents per ride.

According to the Fare Adjustment Mechanism (FAM) formula, the MTR Corporation Limited (0066.HK) adjusted its fares to increase for 4.3% e.g. a trip from Mong Kok to Admiralty will cost HK$11.6, increased 50 cents; Tsuen Wan to Central increases by 60 cents to HK$13.8.

Despite that MTR hikes the fares, it offers additional discounts to passengers to comfort their mood:

About 20 members of the Concern Public Transportation Affairs Alliance held a rally at Tsuen Wan station to protest against the continuous rise in fares.

A spokesman called on the government to immediately review the fare adjustment mechanism and to include revenue from properties as a factor in adjusting fares.

“It is the sixth year for MTRCL to raise its fares … under the current fare adjustment mechanism, we cannot see any reduction. It has accumulated to an increase of around 20 percent … which has exceeded citizens’ affordability,” he said.

He questioned whether employees have received increases totaling 20 percent in the past six years and called on the MTRCL to expand the monthly pass scheme to all routes. The alliance put on a satirical play at Tsuen Wan.

A passenger surnamed Chau questioned yet another increase in fares. “Not again? It is unreasonable to raise it frequently,” he said.

However a passenger surnamed Chow said the adjustment is reasonable and people should not criticize the railway for the occasional hiccup.

Source: The Standard
Reference: Press release–Overall Fare Adjustment Rate of +4.3% for MTR Fares in 2015 by MTRCL
Press release– Five months of “10% Same-Day Second-Trip Discount” Starts tomorrow when New MTR Fares Take Effect  by MTRCL

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