Consultation on MTRCL Fare Adjustment Mechanism review to end on August 19
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"The Government will commence discussion with the MTRCL officially and review the FAM. The main direction of this review is to see how the operation of the FAM could better respond to public concern about the relationship between the FAM and the MTRCL's profitability as well as passengers' affordability, whilst still respecting the financial prudence required of the Corporation as a listed company, on the premise that a transparent fare adjustment mechanism that banks on public and objective data and a direct-drive formula will be retained. The review outcome will take effect in the fare adjustment in 2017," the spokesperson said.
The Government earlier invited the public to offer views on the review of the FAM between May 20 and August 19. The consultation paper can be downloaded from the websites of the Transport and Housing Bureau (www.thb.gov.hk) and the Transport Department (www.td.gov.hk).
Members of the public may submit their views on the review of the FAM of the MTRCL by post (addressed to the Bus and Railway Branch of the Transport Department, 40/F, Immigration Tower, 7 Gloucester Road, Wan Chai, Hong Kong), by fax (2519 7017) or by email (fam-review2016@td.gov.hk).
Ends/Monday, August 8, 2016
Issued at HKT 16:30
Issued at HKT 16:30
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