The Limited Times

Now you can see non-English news...

Star Ferry's fare increase|Tian Beichen questioned the fare increase: When will it go to 7, 9, and 11?

2023-02-01T04:29:20.241Z


The Executive Council yesterday (31st) approved the fare increase of the Star Ferry, increasing the fare of each trip on the two franchised ferry routes. The maximum fare for adults is set at 5 yuan on weekdays and 6.5 yuan on weekends or public holidays; monthly tickets are also increased from 1


The executive council yesterday (31st) approved the fare increase of the Star Ferry to increase the fare of two franchised ferry routes. The maximum fare for adults is set at 5 yuan on weekdays and 6.5 yuan on weekends or public holidays; RMB increased to 190 yuan.

Tian Beichen, a member of the Legislative Council's Transportation Affairs Committee, said in a radio program today (1st) that the increase will be about 56% from 2021 to 2023, with an average annual increase of about 28%, "that's 10 times the average annual inflation." He is worried. "It's not a problem to increase to 5 yuan. My question is when will I go to 7 yuan, when will I go to 9 yuan, and when will I go to 11 yuan?" I hope Tianxing will explain the time limit for the price increase, and point out that after the price increase, it should be maintained at least 4 to 5 yuan. Year "do not add".


▼January 31, the Executive Council approved the Star Ferry fare increase application▼


+3

Tianxing increases faster than inflation

Tian Beichen said on the Hong Kong TV program "Millennium" today that the adult ticket price for weekdays will increase to 2.7 yuan in 2017 and 3.2 yuan in 2021. The four-year increase will be about 18%, which is also double the inflation rate.

The growth rate from 2021 to 2023 is about 56%, and the average annual growth rate is about 28%, "that is, 10 times the average annual inflation." From 2017 to 2023, the growth rate is about 8.5%, that is, the average annual growth rate is about 14. %, six times the inflation rate.

Tian Beichen believes that the frequency of Star Ferry's fare increase is becoming more and more frequent, and the rate of increase is getting higher and higher.

(profile picture)

He thinks that the frequency of Star Ferry fare increases is increasing, and the rate of increase is getting higher and higher. "Does it mean that all public transport agencies, the more inefficient they are, the more money the citizens will have to pay?" He said I think it is questionable, and I am worried that the fare increase will become the new normal. "Do I have to increase by more than 50% after two years?" If the passenger has not replied before, "How long can this $5 be endured?" I hope Tianxing will explain the fare increase clearly. time limit, and said that after this price increase, it should be maintained for at least 4 to 5 years.

The Star Ferry Central - Tsim Sha Tsui route is currently and will start on April 3.

Object to monthly ticket fare increase

Tian Beichen also pointed out that he opposed the increase in the monthly ticket price, and bluntly said that the grassroots need to cross the sea every day to return to work. If there are 22 days in a month to take the Star, the previous 160 yuan is a 23% discount per day, but after the increase to 190 yuan, it becomes 90 yuan. "The monthly ticket has a 10% discount, so what do you want to do?"

He pointed out that public transportation has been eroded by the MTR, and the governments of many cities will invest in the most efficient means of transportation. Therefore, he suggested that the MTR should adjust its interest rates and subsidize other means of transportation.

Star Ferry Wan Chai - Tsim Sha Tsui route current and April 3 ferry fares.

Academics: The price increase is reasonable

Yuen Wai-kei, assistant professor of the Department of Economics and Finance at Shue Yan University, said in the same program that the daily passenger volume of Tianxing in 2021 will be 26,200, compared with 53,900 before the epidemic, which is half the number.

He pointed out that if the fare increases by more than 50%, the passenger traffic will not be greatly reduced. "Those tens of thousands of people will continue to ride." He predicts that when the daily passenger traffic reaches 30,000 to 40,000 people, Skystar will no longer lose money.

If the daily passenger traffic exceeds 50,000 people, "the number of listings will be recovered in 5 or 6 years." Yuan suggested that in addition to subsidies, the government can also renovate Tianxing, arrange guided tours, and help Tianxing through transformation and other marketing directions Over financial difficulties.

Star Ferry fare increase|4.3 Effective weekday adult fare increases to $5, free discount for seniors is canceled Star Ferry fare increase|News: The guild will increase to $5 through Tsim Sha Tsui to and from Central, which is lower than the application price

Source: hk1

All news articles on 2023-02-01

Trends 24h

Latest

© Communities 2019 - Privacy

The information on this site is from external sources that are not under our control.
The inclusion of any links does not necessarily imply a recommendation or endorse the views expressed within them.