HK bus fares to increase
The Hong Kong government on Tuesday (January 8) approved the fare increase petitions of two bus companies.
The government said the average fare increase for Citybus (CTB) and New World First Bus (NWFB) passengers will be 7 percent and 5.6 percent respectively.
The fare hike will take effect on January 20. The last time the two companies increased their fares was ten years ago.
“CTB and NWFB last increased their fares in June 2008. Since the commissioning of various railway lines, the patronage of the two bus operators has dropped,” a government spokesman said.
“Their operating costs on the other hand have been rising due to the annual pay rise and increase in fuel costs. CTB and NWFB are both running a deficit,” he added.
However, the government said 90 percent of Citybus passengers and 97 percent of New World First Bus passengers will either need to pay no more than $1 extra per trip or not get affected by the fare hike.
The government also approved a 7 percent fare increase for cross-harbour routes jointly operated by Citybus and Kowloon Motor Bus and a 5.6 percent increase for routes operated by New World First Bus and Kowloon Motor Bus.
For Kowloon Motor Bus, 94 percent of its passengers will not be affected while 6.1 percent will have to pay 20 cents extra or more per trip, the government said.