Hong Kong’s MTR Corporation set to freeze ticket prices this year, with 3.8 per cent fare rebate set to be extended

Hong Kong rail giant the MTR Corporation is set to freeze ticket prices this year, based on a mechanism that calculates any adjustments, with a 3.8 per cent fare rebate to be extended to next January 1.The MTR Corp on Monday said the rebate was part of an ongoing HK$2.2 billion (US$281 million) in fare concessions given to passengers annually and it would bear a cost of HK$2.8 billion as a result of its offers and promotions.MTR Corp transport services director Jeny Yeung Mei-chun said the…

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