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FARES MTR's fare setting policy is to review its fares annually taking into account passengers affordability, market competitiveness, and economic situation. As a result, revenues generated should be sufficient to cover operating costs, debt servicing, and capital expenditure, in addition to providing an appropriate return to its shareholders.  One strategy to increase ridership in 2002 included improvement of linkages with other modes of transport. We extended our trial intermodal fare discount scheme for passengers using feeder buses and installed "Fare Saver" machines in five shopping arcades near MTR stations to allow passengers with longer walks to stations to obtain fare discounts. We also increased patronage through other well-received discount initiatives such as the "Ride 10 get One Free" scheme, group tickets and concession fares on the Airport Express Line (AEL).  After carefully reviewing economic conditions in Hong Kong and in the overall interest of MTR, the Boards of Directors decided not to implement a fare increase of 2.3% originally scheduled for April 2002. |
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