MTR offers HK$500 million savings to passengers to take sting out of coming fare increase

New concessions include 3 per cent rebate for every Octopus trip from June 30 to January 1 and no change in price for the MTR City Saver, Monthly Pass Extra and Tuen Mun-Nam Cheong Day Pass for six months

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MTR’s commercial director Jeny Yeung said the rail operator had spent more than HK$8.6 billion maintaining and upgrading the existing network last year. Photo: Nora Tam

Published: 9:45pm, 28 May 2018Updated: 4:17pm, 2 Jun 2018

The MTR Corporation will sweeten a coming fare increase with a promotional campaign offering savings of more than HK$500 million from next month, it announced on Monday.

The new concessions include a 3 per cent rebate for every Octopus trip from June 30 to January 1, and deferring price adjustments for the MTR City Saver, Monthly Pass Extra and Tuen Mun-Nam Cheong Day Pass by six months.

A new discount of 30 cents will be introduced when changing between the MTR and more than 500 green minibus routes for Octopus passengers, with effect from June 3.

A 25 per cent discount scheme for adult Octopus users exiting one of 35 core urban stations between 7.15am and 8.15am on weekdays would be extended for a year.

A new discount of HK$0.3 will be introduced when changing between the MTR and more than 500 green minibus routes for Octopus passengers with effect from June 3. Photo: Nora Tam

The railway operator will raise ticket prices by 3.14 per cent from June 30, according to a controversial fare adjustment mechanism, despite recording a 64 per cent rise in net profit to HK$16.8 billion (US$2.14 billion) last year.