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:
- A new round of “10% Same-Day Second-Trip Discount”run for five months till 30 November 2015.
- Frequent MTR travelers commuting within the urban area and across the harbour continue to enjoy fare savings of about 11% to 25% with the “MTR City Saver” promotion till 30 June 2016.
- The “Early Bird Discount Promotion” encourages passengers to travel before the morning peak hours (7:15 a.m to 8:15 a.m.) by giving a 25% fare discount per trip till 30 May 2016.
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.