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Saturday, Feb 22, 2025
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Introduce profitability index to bar MTR from increasing fares if recorded profits
The largest pro-establishment party proposes the government add a profitability index to prevent MTR Corporation from increasing fare prices during the years they turned a profit, and increase the maximum fine to HK$50 million for each incident.
The government are having their third review regarding the MTR Fare Adjustment Mechanism (FAM). The Democratic Alliance for the Betterment and Progress of Hong Kong (DAB) states that MTR has been profiting for the past few years, but under the FAM, the corporation can constantly increase fares, leading to dissatisfaction among the public.
The party hopes introducing the profitability index could help against the constant fare increase.
As for the slew of incidents with the MTR, DAB suggests increasing the upper limit of the fining mechanism to HK$50 million for each incident, along with giving the affected passengers a free one-way ticket as compensation.
The party also suggest setting up a new fining mechanism for the provision of limited service as well, with the amount ranging from HK$500,000 to HK$1.25 million, and adjusted according to the duration of the emergency repair whenever a serious incident occurs.
In addition, due to the ageing of the MTR facilities and the loss of human resources, the party suggests the MTR set up a fund to renovate the old facilities and train new staff.
The party hopes introducing the profitability index could help against the constant fare increase.
As for the slew of incidents with the MTR, DAB suggests increasing the upper limit of the fining mechanism to HK$50 million for each incident, along with giving the affected passengers a free one-way ticket as compensation.
The party also suggest setting up a new fining mechanism for the provision of limited service as well, with the amount ranging from HK$500,000 to HK$1.25 million, and adjusted according to the duration of the emergency repair whenever a serious incident occurs.
In addition, due to the ageing of the MTR facilities and the loss of human resources, the party suggests the MTR set up a fund to renovate the old facilities and train new staff.
