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Cheaper MTR tickets on horizon after Hong Kong officials ask for revised fare formula
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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