MTR undecided on fare rises

03-01-2012

audio Jay Walder
audio Jay Walder
New MTRC chief executive Jay Walder meets the media. Photo: RTHK.
The new chief executive of the Mass Transit Railway Corporation, Jay Walder, says it has not yet decided on possible fare increases for this year. Speaking on his first day in charge of the company, Mr Walder said any rise would be determined by the existing fare adjustment mechanism.

Mr Walder - who joined the MTR as chief executive-designate in November - was formerly chairman of New York's Metropolitan Transportation Authority. Asked about the aggressive cost-cutting measures he introduced during his tenure there, he said that the circumstances in Hong Kong were very different.


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