Bus passengers face up to 8pc fare increases
Bus fares will rise next month by up to eight per cent.
The Transport Advisory Committee yesterday rejected applications for increases from KMB, CMB and Citybus of 9.5 per cent, 11 per cent and 8.7 per cent respectively.
Members instead endorsed the Transport Department recommendations of a seven per cent increase for KMB, eight for CMB and six for Citybus.
The figures also fall short of forecast inflation for each company between their last rise more than 20 months ago and the proposed December increase.
Committee member Anthony Yuen Tak-tim said despite the recommendations being below inflation, the firms' requests were unreasonable.
'Inflation is not the only factor we have to consider. There is also public acceptance of the new fares, operation costs and profits for the companies,' he said.