MTR CORPORATION LIMITED 
By
PR036/12
25 May 2012
MTR Corporation is offering its largest package of new fare
promotions ever to give back to passengers the full value of
the additional revenue it would receive in the year from
the
2012 fare adjustment, bringing savings of approximately $670
million to passengers. MTR
fares will be adjusted according to the Fare Adjustment
Mechanism on 17 June 2012.
"In putting together our fare promotion package for the year,
we have listened very closely to the views of the community
regarding MTR fares and fare promotions. The package is
designed to be attractive and effective, benefitting a wide
range of customers with different travel patterns. In fact,
the promotions being introduced are considered effective by
the community, such as 'Ride 10 Get 1 Free', discount for
second journeys on the same day and Tung Chung - Hong Kong
Monthly Pass," said Mr Jay Walder, Chief Executive Officer of
MTR Corporation.
"For the first time, we are offering free travel on weekends
and public holidays for children on MTR services, which we
believe will encourage people to more actively participate in
family and community activities. All Octopus users, whether
they are frequent or infrequent users of MTR services, taking
long journeys or short ones, will be able to take advantage
of one or more of the new promotions."
The new promotions being launched are in addition to the many
existing fare promotions and concessions that the MTR now
offer such as monthly passes on the West Rail and East Rail
lines, Tuen Mun - Nam Cheong Day Pass, Free Light Rail and
MTR Bus Connections, plus half price travel for children
under 12 and Hong Kong students. The MTR Corporation will
continue to offer existing fare concessions for the Elderly
and Persons with Disabilities on a voluntary basis. In the
meantime, it will work closely with the Government to
implement the Public Transport Fare Concession Scheme for the
Elderly and Eligible Persons with Disabilities to enable them
to enjoy the concessionary fare of $2 per trip in the MTR
network.
The MTR Corporation announced the new fare promotions today
(25 May 2012) as it published the new MTR fares for 2012.
The new fare promotions will be rolled out over the next year starting 18 June 2012 for the benefit of different customer groups and commuters travelling at different times. All Octopus holders will have the opportunity to take advantage of the offers.
- more -
Ride 10 Get 1 Free
The popular "Ride 10 Get 1 Free" scheme for regular weekday Octopus users on the MTR will be brought back. Customers taking advantage of this promotion will be paying less at the new fare than what they are paying today. This promotion will be valid from 18 June to 30 December 2012.
Free Child Travel on Weekends and Public Holidays
Family outings will start on a high note as, for the first time, MTR Corporation offers free travel for Child Octopus holders on the MTR, Light Rail and MTR Bus. The offer will be valid on every Saturday, Sunday and Public Holiday from 28 July to 30 December 2012.
10% Discount for Same-day Second Trips
All Octopus users will enjoy a 10% discount on every second journey they take on the same day on the MTR, Light Rail and MTR Bus from 31 December to 30 June 2013.
Tung Chung - Hong Kong Monthly Pass
A new Tung Chung - Hong Kong Monthly Pass will bring savings for commuters travelling regularly to and from Tung Chung. Those taking the train regularly between Tung Chung Station and Hong Kong / Central Station for work could save about 30% each month. The new Monthly Pass will be available from October 2012 to June 2013 at $550 a month.
$20 MTR Shops Coupons for Monthly Pass Purchase
The current monthly pass promotions for the West Rail and
East Rail lines will be extended for another year to 30 June
2013. As an added bonus, a $20 MTR Shops Coupon will be
offered to passengers for every purchase of a Monthly Pass.
The offer is valid for six months starting from July to
December 2012 (October 2012 to March 2013 for Tung Chung-Hong
Kong Monthly Pass).
The fare promotion package also includes re-introduced and
enhanced interchange discounts. Details of these and other
promotions are shown in the Appendix.
Under the Fare Adjustment Mechanism (FAM), MTR fares are
reviewed once per year with the Overall Fare Adjustment Rate
calculated by a set formula that is based on the year-on-year
percentage changes in the Composite Consumer Price Index and
Nominal Wage Index (Transportation Section) for December of
the preceding year as published by the Census and Statistics
Department as well as a pre-determined productivity factor.
The productivity factor is 0% before 2013 and 0.1% with
effect from 2013. If the Overall Fare Adjustment Rate
calculated in any year is within the range of ±1.5%, there
will be no fare adjustment and the rate will be carried over
to be incorporated into the following year's Overall Fare
Adjustment Rate.
The overall fare adjustment rate for MTR fares in 2012 has
been calculated to be +5.4%. This is the rate to which the
weighted average adjustment of all individual MTR, Light Rail
and MTR Bus fares combined must equal. As a result of the
adjustment, fares for 61% of all passenger trips will be
adjusted upward by zero to 40 cents. About 29% of passenger
trips would see a 50 to 80 cent increase, and fares for 10%
of journeys would go up by 90 cents or above.
- more -
New fare charts are available at the Customer Service Centres
of all MTR stations. Fare charts can also be downloaded from
the MTR website at www.mtr.com.hk
The MTR Corporation publicised the new fares today after
completing all required administrative procedures including
the submission of two independent experts' certificates to
Government verifying compliance with the FAM.
- End -
Promotions | Effective date | Details |
Ride 10 Get 1 Free | 18 June to 30 December 2012 | Adult Octopus holders will be able to redeem one free Adult Single Journey Ticket for one free ride on the domestic MTR network(1) for every 10 fare-paying MTR journeys(2) using the same Octopus card from Monday to Friday of a given week during the promotion period. Child and Elder Octopus cardholders, as well as holders of Personalised Octopus cards encoded with "Student" or "Persons with Disabilities" status will be able to redeem one free Concessionary Single Journey Ticket for one free domestic ride(1) for every 10 fare-paying MTR journeys(2) on the same Octopus card. Redemption should be made on or before Sunday of the same week at any MTR Customer Service Centre (except Lo Wu, Lok Ma Chau and Racecourse stations) or designated redemption counters at MTR stations. Designated redemption counters will also be available between 5pm and 9pm on Fridays and Saturdays within the promotion period at 8 MTR malls including Paradise Mall, Telford Plaza, Maritime Square, Luk Yeung Galleria, The Lane, The Edge, PopCorn and Citylink Plaza. Passengers may also choose to obtain a redemption coupon at any eInstant Bonus Terminal. |
Free Child Travel on Weekends and Public Holidays | 28 July to 30 December 2012 | Children aged 3 to 11 holding a Child Octopus can ride free on the MTR, Light Rail and MTR Bus on Saturdays, Sundays and public holidays during the promotion period. Children will be able to enjoy free travel simply by swiping their Child Octopus on the processors at MTR ticket gates, Light Rail stops or on board MTR Bus as normal. Fares will not be deducted. This promotion is also applicable on journeys to and from Lo Wu and Lok Ma Chau stations, but not Airport Express, East Rail Line First Class Premium and MTR Feeder Bus. |
Promotions | Effective date | Details |
10% Discount for Same-day Second Trip | 31 December 2012 to 30 June 2013 | All Octopus holders will receive a 10% discount on any second fare-paying journey they take on the same day on the MTR (including journeys to or from Lo Wu and Lok Ma Chau stations). Passengers taking East Rail Line First Class will receive a 10% discount on the standard fare only. The full First Class Premium will be charged without discount. Light Rail/MTR Bus passengers will also enjoy the 10% discount off normal fares for every second Light Rail/MTR Bus journey taken on the same day. The 10% discount is not applicable to journeys on the Airport Express and MTR Feeder Bus. |
Tung Chung - Hong Kong Monthly Pass | October 2012 to June 2013 | A new "Tung Chung - Hong Kong Monthly Pass" promotion will be available from October 2012 to June 2013. Priced at $550 each month, the Pass will be on sale 7 days before and after the first day of each month at stations along the Tung Chung Line. Holders of the "Tung Chung - Hong Kong Monthly Pass" will be entitled to unlimited rides on the Tung Chung Line between Tung Chung and Hong Kong/Central stations within the month purchased. |
$20 MTR Shops Coupon for Monthly Pass Purchase | July to December 2012 | As an added promotion to the Monthly Passes already available, which will be extended for one year to June 2013, a $20 MTR Shops Coupon will be offered to passengers for every purchase of a Monthly Pass in each of the six months starting from July 2012. For the Tung Chung-Hong Kong Monthly Pass which will be introduced from October 2012, the $20 MTR Shops Coupon will be offered from October 2012 to March 2013. |
Interchange Discount Between MTR and New Lantao Bus | 1 July to 30 September 2012 | Before the introduction of the "Tung Chung - Hong Kong Monthly Pass", Adult Octopus holders will be able to enjoy an enhanced interchange discount between MTR and several New Lantao Bus routes in Tung Chung including 37/37P (Yat Tung Estate - Caribbean Coast), and 38/38P and N38 (Yat Tung Estate - Tung Chung Bus Terminus) if they interchange within one hour. The interchange discount will be raised to $1.5 from the current $1. |
Promotions | Effective date | Details |
$1.5 Interchange Discount with Outlying Island Ferries | 1 July 2012 to 1 January 2013 | Adult Octopus holders taking the Outlying Island Ferry services from Sok Kwu Wan, Yung Shue Wan, Peng Chau, Cheung Chau and Mui Wo to Central will be able to enjoy a $1.5 discount off their fare on the MTR network from Hong Kong / Central Station to any MTR destination (except Airport Express and the Free MTR Connections offered by the Airport Express) at anytime on the same day by validating their Octopus on the Interchange Discount Kiosk at the ferry piers. |
Promotions | Extended effective date | Details |
Monthly and Day Pass Promotions | 1 July 2012 to 30 June 2013 | The Monthly and Day Pass promotions, due to expire on 30 June 2012, will be extended for one year from 1 July 2012 to 30 June 2013 at new prices(3) as follows: |
Light Rail and MTR Bus Promotions | 1 July 2012 to 30 June 2013 | The Light Rail Personalised Octopus Frequent User Bonus Scheme, Free Light Rail/MTR Bus Connection with MTR, and Free MTR Bus Connection with Light Rail using Octopus, which are due to expire on 30 June 2012, will be extended for one year to 30 June 2013. |
(1) Not valid for travel on the Airport Express, Light Rail, East Rail Line First Class, journeys to and from Lo Wu and Lok Ma Chau stations, MTR Bus, and MTR Feeder Bus.
(2) Journeys to and from Lo Wu and Lok Ma Chau stations will be counted, but not those on the Airport Express, Light Rail, MTR Bus and
MTR Feeder Bus.
(3) The new prices for the current $330/$410 Monthly Pass will be $345/$430.
|
distributed by
|
