The Chief Executive in Council today approved the revised application for toll increases by the Tate's Cairn Tunnel Company, which will take effect on January 1, 2016.
The increments are $1 for buses, $2 for motorcycles and $3 for private cars and taxis, while tolls for minibuses and goods vehicles remain unchanged.
The weighted average rate of increase will be 11.9%.
The Government said the council considered all factors in making the decision, including the company's financial position, operating costs, service performance, and public affordability and acceptability.
The traffic impact of the proposed toll increases on the road system linking Sha Tin and Kowloon is unlikely to be significant and commuters have a choice of alternative routes as well as alternative transport modes.
The Government will closely monitor the traffic situation before and after the toll increases, it added.
