MTR fare adjustment mechanism
id:
mtr-fare-adjustment-mechanism-280-13611280
title:
MTR fare adjustment mechanism
text:
The fare adjustment mechanism is a system regulating the fare increment of public utilities, including the Mass Transit Railway Corporation Limited (MTR). Under the mechanism, adjustment of MTR fare no longer need to be approved by the Legislative Council nor the Executive Council. The MTR has no autonomy in its fare setting, and the fare has to be set in accordance with a fixed formula. Originally, the mechanism aims to limit the soaring MTR fare increment by a transparent formulaic approach. H
brand slug:
wiki
category slug:
encyclopedia
description:
original url:
https://en.wikipedia.org/wiki/MTR_fare_adjustment_mechanism
date created:
date modified:
2024-03-06T23:15:28Z
main entity:
{"identifier":"Q9570098","url":"https://www.wikidata.org/entity/Q9570098"}
image:
fields total:
13
integrity:
13