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Cheaper MTR tickets on horizon after Hong Kong officials ask for revised fare formula
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Cheaper MTR tickets on horizon after Hong Kong officials ask for revised fare formula in 2017
From: South China Morning Post
By: KC Ng
Date: 23/03/16

Commuters can expect more affordable MTR rides when a revised formula for determining the level of fare increases is adopted in 2017.

The government has asked the MTR Corporation to review its fare adjustment mechanism next year – one year ahead of its review scheduled for 2018. A letter requesting the move was issued to the corporation on Tuesday, a government spokesman said.

The company said in a statement on Wednesday morning that it had received the request for a joint review of the fare adjustment mechanism with the government, and that it would convene a board meeting to determine its response to the request, pending further announcement in due course.

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