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MTR will arrange meeting evaluate the fare adjustment mechanism

出自香港新聞網 - 樹仁新傳系學生實習習作

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By Stephanie So

12th April, 2016


The rise in MTR fares under the fare adjustment mechanism continuously. Frederick Ma Si-hang, Non-executive Chairman of the board of directors of the Corporation, claimed the executives will arrange meeting and evaluate possible review in 2017.

Ma pointed out they have obtained the inform from official regarding on review the Fare Adjustment Mechanism (FAM). He explained the fare has raise since 2007, as the FAM is computing by the inflation of Hong Kong. And inflation took place each year. Thus, it seems no indicator to fall. Besides, it determined by the market environment, so the rise of charges is inescapable.

He added that the expenditure on the four new railways raise. If MTR lowered the ticket price, the services provided by them may affected. The reason is the profit of MTR would decrease.

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