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MTR fares to rise 5.4%

March 26, 2012
The MTR Corporation plans to increase railway fares 5.4% for 2012, the company announced today.
 
The Government today announced the year-on-year increase in the Nominal Wage Index (Transportation) for December 2011 over the same month the previous year to be 5.1%.
 
Combined with the 5.7% year-on-year increase in the Composite Consumer Price Index for December 2011, the overall fare adjustment rate of 5.4% was calculated according to the formula stipulated under the fare adjustment mechanism.
 
The new fares and fare-promotions package for 2012 will be announced in May, the company said.
 
Fare promotions and concessions in 2011 amounted to more than $1.7 billion. 


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HongKong-Zhuhai-Macao Bridge