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The Transport Department (TD) today (March 28) announced that fare adjustments for the two inner-harbour ferry routes "North Point - Hung Hom" and "North Point - Kowloon City" have been approved.
The spokesman said, "After due consideration of applications for fare adjustment submitted by New World First Ferry Services Limited as well as the views of locals, the TD has decided to approve the increase of the fares of the two ferry routes. With effect from April 1, 2014, the adult single journey fares of the two routes will be adjusted from $5.50 to $6.50."
The spokesman added, "In handling the fare increase applications of the two ferry routes, the Government has taken into account various factors including the public acceptability of the proposed increase and the financial conditions, service performance, operating information and financial data of the ferry operator as well as other measures that could be adopted by the operator to improve its financial conditions. As the ferry operator has had to face persistently high fuel prices and an increase in marine labour remuneration in recent years, the Government considers that the operator has a justifiable need to increase the fares to enable it to maintain the existing service level for the ferry routes concerned."
The TD also announced that the current licences of the two ferry routes will be extended for three years up to March 31, 2017.
The spokesman said, "The Government will continue to ensure the sustainability and stable development of ferry services, and will make reference to public affordability when handing applications for fare adjustment."
Ends/Friday, March 28, 2014
Issued at HKT 18:10
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