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Early MTR fare review mooted

March 22, 2016

The Government today asked the MTR Corporation to bring forward a review of its Fare Adjustment Mechanism by one year.


Under the 2007 Operating Agreement between the Government and the MTR, both parties may review the mechanism every five years.


The last review in 2013 introduced multiple measures to reduce citizens' fare burden and maintain the MTR’s financial viability as a listed company. The next review is due in 2018.


The Government said the experience gained since the last review suggests that there is room for an early review to respond to public concerns about the MTR’s overall profitability and passenger affordability, while still respecting the financial prudence required of the corporation as a listed company.


The Government is looking forward to the MTR’s early response so that the review can start early, as its objective is for the new mechanism to take effect in 2017.

Electronic Road Pricing