KCRC plans fare rises

PUBLISHED : Saturday, 02 June, 2001, 12:00am
UPDATED : Saturday, 02 June, 2001, 12:00am

The KCRC plans to raise East Rail fares by two to five per cent on average in September, following a three-year freeze. The board is expected to make a final decision this month and the corporation will then consult the Transport Advisory Committee and Legco. The KCRC recorded a net profit of $2.2 billion last year, up 20 per cent from 1999.