MTR 20pc rebate and price reduction on frequent user tickets extendedLocal | 25 Nov 2020 5:38 pm
The “20 percent Rebate for Every Octopus Trip” will be extended for three more months till late March 2021, and a flat reduction of HK$100 for users of Monthly Passes will be provided for six more months till June 2021, the MTR Corporation announced today.
According to the financial arrangement agreed by the MTR Corporation and the Government, the Government will bear half of the total actual revenue forgone during the period between July 2020 and March 2021 with a cap of HK$0.8 billion.
The MTR Corporation will shoulder the remainder, depending on the actual MTR patronage during the initiative effective period.
Jeny Yeung Mei-chun, Commercial Director of MTR Corporation said, “As a Hong Kong-rooted company, MTR with all its staff are dedicated to keep Hong Kong moving. The Corporation hopes to continue to ride out the hardship with Hong Kong by extending the fare discounts. We hope that the Hong Kong economy will recover when the pandemic is over.”