'No Plans To Shelve Extension Of Fare Concession'

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

Related News Programmes

"); });

2020-10-24 HKT 12:16

Share this story

facebook

  • 'No plans to shelve extension of fare concession'

The Secretary for Labour and Welfare Law Chi-kwong on Saturday dismissed rumours that the government is having second thoughts about extending a scheme that allows elderly people to pay just HK$2 for journeys on public transport.

The plan to extend the scheme – which currently covers people over 65 – to everyone over 60, was announced in January. However, recent media reports claim some executive councillors are against the move.

Law said the administration is still working at “full steam” to extend the scheme, with the aim of implementing it by 2022.

”We are still working on it, we have no plans of shelving it, although we can’t tell exactly at what time we can do it, but our current target is attempt to implement the scheme... in the next financial year,” he said.

“We are still working in full steam in examining the report from our consultant looking at… the so-called $2 scheme. Basically what we have done is we have briefed the members of the Executive Council recently, and some of the members expressed their views. As the government we will definitely look at their views, analyse and examine different options.”

He added the plan will cost more than the estimated HK$1.7 billion, and added the administration needs to consider its financial status after spending HK$300 billion on pandemic related measures.

RECENT NEWS

A16z Crypto Opens First Office In Seoul To Expand In Asia

a16z crypto, the crypto-focused arm of Andreessen Horowitz, has announced its expansion into Asia with the opening of i... Read more

Trio AI And AbbyPay Partner To Integrate AI Into Payment Processing

Trio AI, a Hong Kong-based AI infrastructure service provider, has signed a MouU with AbbyPay, a POS-free digital payme... Read more

Modernising Bank Payments: How Banks Can Win In Merchant Acquiring

Banks have been the backbone of merchant acquiring. Their regulatory strength, trusted brands, and long-standing mercha... Read more

KPay Enables Tap To Pay On IPhone For Hong Kong Merchants

KPay now allows its Hong Kong merchants to accept in-person contactless payments using Tap to Pay on iPhone. The featur... Read more

HashKey Group IPO Targets Up To HK1.67 Billion In Hong Kong Listing

Licensed crypto exchange HashKey Group is intending to raise as much as HK$1.67 billion in its Hong Kong initial public... Read more

Endowus Launches Income Enhanced Portfolio For Professional Investors

Endowus, an independent wealth advisor and investment platform in Asia, has launched its Income Enhanced Portfolio, ava... Read more