THE Kowloon-Canton Railway Corporation (KCRC) yesterday backed down and suspended fare rises in the Sha Tin area. The decision is likely to cost the company $500,000 a year. Prices were set to rise by 7.3 per cent from today, but fares between Fo Tan, Sha Tin and Tai Wai were to have increased by up to 50 cents, or 17 per cent. KCRC chairman Mr Kevin Hyde said last night that the suspension was decided following protests by Sha Tin District Board members. The expected fare revenue loss, he said, would have no serious impact on the company's investment in service. District board members welcomed the suspension, but vowed to continue its fight to freeze fares on trips between Kowloon Tong and Fo Tan, Sha Tin and Tai Wai, which will rise by four or five per cent. Meanwhile, Light Transit Railway and Mass Transit Railway fares will rise by 9.7 and nine per cent respectively today.