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MTR's first fare reduction Tian Beichen points to a disguised fare increase after the fare has been changed to 5% off. Chen Hengpin approves a lower rate of reduction

2021-03-29T11:13:24.793Z

MTR announced today (29th) that the price will be reduced by 1.7% starting on June 27, which is the first price reduction since the implementation of the "plus or minus" mechanism. Tian Beichen, a member of the Legislative Council of the Actual Political Roundtable and the former chairman of the KCRC, believes that the reduction is slight and urges the government to change the MTR property



Political situation

Written by: Zhou Haoyi Luo Jiaqing

2021-03-29 19:05

Last update date: 2021-03-29 19:06

MTR announced today (29th) that the price will be reduced by 1.7% starting on June 27, which is the first price reduction since the implementation of the "plus or minus" mechanism.

Tian Beichen, a member of the Legislative Council of the Political Roundtable and the former chairman of the KCRC, believes that the rate of decrease is slight and urges the government to add MTR property development revenue to the fare adjustment equation.

The DAB Legislative Council Member Chen Heng-pin believes that the rate of reduction this time is quite low. In addition, the 20% discount on MTR fares will be adjusted to 5% at the end of the month. The fares will increase in disguise. I hope that the government will provide subsidies to extend the 20% discount on MTR fares .

20% off the fare and 5% off Tian Beichen said the fare has increased in disguise after the price reduction

Tian Beichen, a member of the Legislative Council of the Real Political Roundtable, pointed out that the MTR fare reduction can break the impression that the fare is only increasing, but he believes that the reduction is slight, and the fare of $10 will only be reduced by 1, 2 cents.

Tian Beichen also pointed out that the MTR will change the 20% discount to the 5% discount, and the fare has increased significantly. He believes that the practice is unreasonable in the current economic downturn.

Tian Beichen believes that the income from MTR property development should be added to the equation. He said that compared with KMB, Citybus and NWFB, MTR mainly has huge income from property development.

Tian Beichen believes that the relevant revenue should be quantified, so as to integrate its benefits into the future fare adjustment rate, so that the long-term fare increase rate is much lower than that of the bus company.

Chen Hengpin: The rate of reduction is quite low, hope the government will extend the 20% discount

Chen Hengpin said that the rate of reduction this time is quite low, which is not very helpful to the public.

He said that the MTR’s 20% discount will expire at the end of the month, and the MTR has changed to a 5% discount to extend the discount. Eventually, the fare borne by the public will increase. The situation is not ideal. He hopes that the government will continue to extend the 20% discount.

He believes that the current "addition or subtraction" mechanism is too simple to effectively respond to social changes. In the past, the MTR had made tens of billions of profits, but fares could still be increased. He suggested that the profit index and the social environment should be incorporated into the mechanism equation.

MTR fares will be reduced from June 27!

According to the mechanism to reduce the number of 5 pictures, you know that the MTR earns a fixed loss

MTR cuts fare for the first time!

The price can be reduced by 1.7% according to the plus and minus mechanism

01News

MTR can add or subtract Tian Beichen Chen Hengpin

Source: hk1

All news articles on 2021-03-29

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