The SAR government is conducting the latest round of review with the MTR Corporation on the fare adjustment mechanism that can be added or subtracted, and it is expected to be completed as early as March this year.
Members of the "A4 Alliance" of the Legislative Council Yang Yongjie, Liang Wenguang, and Zhang Xinyu met with Liao Zhenxin, Deputy Secretary of the Transport and Logistics Bureau and relevant officials yesterday (February 14), and advocated the introduction of a profit hedging mechanism to the authorities, optimizing "can be added or subtracted" to " The more you earn, the less you add", I believe it will be more helpful and "return to the people".
The MTR fare adjustment mechanism has always been criticized.
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The MTR fare adjustment mechanism has always been criticized.
Under the mechanism, base markup = 0.5 x change in Composite CPI + 0.5 x change in nominal wage index for transport - productivity factor - additional deduction of 0.6%, and as long as the result is between +1.5 and -1.5%, no need Adjustment of fares can be postponed until next year.
The original intention of the formula is to make fare adjustments transparent and objective, and "can be increased or decreased".
The "A4 Alliance" has pointed out earlier that the current mechanism allows for delayed increases, resulting in MTR continuing to increase fares while recording profits, which fails to truly reflect MTR operating costs, land income, overall service performance, and the affordability of the general public and so on.
In this regard, A4 suggested that while maintaining the basic calculation formula, cancel the delayed increase and introduce a profit hedging mechanism-when the basic increase is positive, multiply it by the profit coefficient to hedge the increase.
The profit coefficient is determined by the actual profit. When the profit is less than RMB 5 billion, between RMB 5 billion and less than RMB 10 billion, between RMB 10 billion and less than RMB 15 billion, or equal to or higher than RMB 15 billion, the profit The coefficients are 0.75, 0.5, 0.25 and 0 respectively. As a result, the fare increase can be reduced by 25%, 50%, 75% and 100% according to different income levels, so as to "earn more and get less".
Yang Yongjie, Liang Wenguang, and Zhang Xinyu from the A4 Alliance met with Liao Zhenxin, the deputy director of the Transport and Logistics Bureau, and relevant officials yesterday to explain in detail the above-mentioned mechanism of optimizing MTR fares, hoping to achieve "the more you earn, the more you get." less".
Zhang Xinyu, a former MTR engineer and directly elected member of the Hong Kong New Territories North District, said that in the past period of time, through street stations, questionnaires, youth consensus meeting workshops, etc., he listened to the opinions of all sectors of society on the "A4 Alliance" initiative, and found that citizens generally It is hoped that factors such as MTR profits, service performance, and the upper limit of public affordability will be included in the fare adjustment mechanism more simply and clearly.
He urged the Hong Kong government to take the initiative to propose a "win-win" plan with the MTR on fare adjustments to truly respond to public expectations. He also believes that the "A4 Alliance" initiative will help stabilize fare increases, reduce cumulative increases, and reduce the burden on citizens.
Kowloon Central Yang Yongjie believes that the profit hedging mechanism advocated by the "A4 Alliance" will not affect the profitability of the MTR, but can also make the public "smooth". Contradictions and controversies, and enhance citizens' sense of gain and happiness.
Kowloon West Liang Wenguang also pointed out that the government needs to have the determination and courage to optimize the current MTR fare adjustment mechanism, increase the prestige of governance, and realize the expectations of the public in order to speed up the process of returning to normal after the epidemic.