Hong Kong's largest double-decker bus operator, KMB is now lowering fares. Back in September, KMB applied for a 9 percent fare hike to counter rising fuel costs and maintenance fees. The fare hike was rejected by the Transport Department because it was too high and unacceptable. Now, Hong Kong residents are amazed and overjoyed that there would be a decrease in fares a few months after the risk of the fare hike.
Operations Director Tim Ip has denied that KMB has been thinking of strategies to counter the fare reduction of the railway merger (refer to my post before). Tim Ip also claims that they have been studying the scheme for a long time and making preparations. Coincidentally, the day of the fare decrease would be on December 2, the same day as the railway merger.
Example of Fare Decreases (Comparision)
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