MTR Discount Plan Isn't Enough, Say Lawmakers

"); jQuery("#212 h3").html("

Related News Programmes

"); });

2020-04-24 HKT 14:20

Share this story

facebook

  • The MTR Corporation says it is also suffering due to the coronavirus pandemic and is already doing the best it can for passengers. File photo: AFP

    The MTR Corporation says it is also suffering due to the coronavirus pandemic and is already doing the best it can for passengers. File photo: AFP

Lawmakers from both the pro-democracy and pro-establishment camps on Friday urged the MTR Corporation to do more to ease people's hardship during the coronavirus outbreak, by extending fare discounts and dropping an annual price rise altogether.

The train operator has postponed a 2.55 percent increase in fares this year, but has warned it will add the increase onto future price rises.

Meanwhile, fares will be reduced by 20 percent for six months from July, with the government paying for half of the revenue loss, estimated at HK$1.6 billion.

But lawmaker Holden Chow, from the pro-Beijing DAB party, said he would like to see the fare cuts lasting a lot longer.

"A six-month discount is not enough. On the coronavirus issue, we don't know when it will end. We see it will be very difficult for the economy to recover and a lot of grassroots residents will suffer," Chow said.

"So I think the MTR should do more, by extending the period of the discount by six months, to one year perhaps. That would alleviate the pain of a lot of the grassroots."

Meanwhile, the pan-dems said the MTR Corporation should fully bear the revenue loss caused by the 20-percent reduction.

Democratic Party chairman Wu Chi-wai accused the government of bias towards the rail operator, being as no subsidies are being offered to other transport companies to help them make similar fare cuts.

In Legco, the MTR's commercial director, Jeny Yeung, said the corporation is already doing the best it can to help its passengers being as it too is suffering due to the Covid-19 pandemic.

"We have a 40 percent loss in passengers. At the end of January, there were border closures, so we have also suffered losses … We are doing what we can," Yeung said.

RECENT NEWS

XTransfer Partners With Bank SinoPac HK To Expand Cross-Border Payment Services

XTransfer has entered into a collaboration with Bank SinoPac, through its Hong Kong Branch, to expand international ope... Read more

Standard Chartered To Launch Bitcoin And Ethereum Custody Services By 2026

Standard Chartered Bank (Hong Kong) participated in Hong Kong Fintech Week 2025 (HKFTW25) as a strategic partner, annou... Read more

HashKey And Kraken Form Partnership On Institutional Tokenised Assets

HashKey and Kraken have announced a strategic partnership to promote institutional adoption of tokenised assets. The co... Read more

Reap Expands Global HQ With New Office In Hong Kong

Reap, a global fintech company providing stablecoin-enabled financial infrastructure, has expanded its global headquart... Read more

HeyMax Debuts In Hong Kong, Partnering With Cathay To Drive Regional Growth

Loyalty and travel rewards platform HeyMax has made its first international launch in Hong Kong, partnering with Cath... Read more