HK mulls daily usage cap for $2 fare scheme: sources

Hong Kong could implement a daily usage cap of eight times for the HK$2 fare scheme for the elderly, according to sources.

Financial Secretary Paul Chan Mo-po previously hinted at potential adjustments to the scheme, saying maintaining the current policy may not be financially sustainable.

Sources told Sing Tao Headline, The Standard’s sister publication, on Friday that one of the government's proposals is to limit the daily usage of the HK$2 fare to a maximum of eight rides.

Additionally, fares priced at HK$10 or above will be calculated at an 80 percent discount. For instance, an HK$11 fare would be reduced to HK$2.2, a HK$20 fare would be reduced to HK$4, a HK$30 fare would be reduced to HK$6, and so on.

Sources also noted that the administration does not intend to change the age threshold for the concession fare, adding that the changes should be able to address the issue of passengers taking long-haul bus routes for short trips.