The following is issued on behalf of the Transport Advisory Committee:

     The Transport Advisory Committee (TAC) was briefed today (April 29) by the MTR Corporation Limited (MTRCL) on the proposed adjustment of Airport Express fares.

     Members of the TAC were first briefed by representatives of the MTRCL on the proposed fare adjustment for the Airport Express starting from 2025 and shared their views on the fare adjustment proposal.  

     The TAC Chairman, Professor Stephen Cheung, said, "Members noted that it has been eight years since the last fare adjustment of the Airport Express, and the fare adjustment rate proposed by the MTRCL is lower than the cumulative inflation rate for the same period. Members noted that the proposed fare adjustment can facilitate the Airport Express in facing the constantly rising operating costs and the investment needs for railway asset renewal.

      "Members also noted that after the new fares take effect, the MTRCL will continue its investments in upgrading Airport Express facilities and services, as well as the provision of multiple fare promotions, to provide passengers with a comprehensive airport railway service."

     According to the Operating Agreement between the Government and the MTRCL, after consulting the TAC and the Panel on Transport of the Legislative Council (Transport Panel), the MTRCL will resolve to approve the new fares through its Board of Directors. The MTRCL will formally notify the TAC and the Transport Panel and announce the new fares no later than three weeks prior to the implementation of the new fares.

Ends/Tuesday, April 29, 2025
Issued at HKT 16:16

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