'Bus Firms Will Fare Better Now HK Is Normal Again'

"); jQuery("#212 h3").html("

Related News Programmes

"); });

2023-05-31 HKT 11:57

Share this story

facebook

  • Transport minister Lam Sai-hung says circumstances have changed since bus operators asked for even higher fares. File photo: RTHK

    Transport minister Lam Sai-hung says circumstances have changed since bus operators asked for even higher fares. File photo: RTHK

Transport minister Lam Sai-hung on Wednesday played down concerns that Hong Kong's bus operators will soon be asking for further fare increases, saying the city's return to normal after the Covid pandemic means they will be carrying more passengers.

The official made the comment a day after five franchised bus companies were given the go-ahead to push up fares by between 3.9 and 7 percent.

On an RTHK programme, Lam said circumstances have changed since the companies asked for bigger increases last year.

"At the time, the outlook, how long the path to normalcy would be, or how big of an impact the pandemic would have, were unknown," Lam said.

"Now that we are returning to normal, tourists are coming back and everyone is returning to work and school. So in terms of revenue, I believe the situation will be much better than in the previous two years."

The minister also said the government will proactively work with operators to boost their non-fare revenue.

Letting other commercial vehicles use charging devices at bus depots, or installing vending machines and smart lockers at bus stops could be some ways, he added.

DAB lawmaker Ben Chan told the same programme that officials should consider boosting non-fare revenue with park-and-ride facilities, which offer concessions to encourage motorists to park their vehicles near mass transit hubs and take public transport to travel to urban areas.

"The park-and-ride facilities could collect parking fees, and also have business income from, for example, renting out spaces for restaurants and shops. These will help with the operation of bus companies," Chan said.

Chan, who also chairs the Legislative Council's transport panel, added that non-fare revenue should make up 15 to 20 percent of the operators' income.

RECENT NEWS

Payoneer Completes Easylink Payment Acquisition, To Expand In China

Payoneer, a fintech company offering online money transfers and digital payment services, announced on 9 April 2024 tha... Read more

Adobe And Antom Partner To Enhance Digital Creativity Payments In Asia

Adobe and Antom, a provider of merchant payment and digitisation solutions under Ant International, announced a new col... Read more

HKMA Steps Up Against Digital Scams With Fresh Safeguards

The Hong Kong Monetary Authority (HKMA) announced “E-Banking Security ABC,” a series of new anti-digital fra... Read more

Staking-Enabled Bosera HashKey Ether ETF To Launch By End-April

Bosera International and HashKey Capital Limited announced the launch of the Bosera HashKey Virtual Asset Ether ETF on ... Read more

XTransfer Showcases Cross-Border Payment Solutions At AsiaWorld-Expo

XTransfer participated in the Global Sources Consumer Electronics Show 2025 at AsiaWorld-Expo on April 11, 2025, to pre... Read more

Bain Capital Aims To Raise US$9 Billion For New Asia Funds

Bain Capital is aiming to raise billions of US dollars for its upcoming Asia fund and a special situations fund in the... Read more