The joint review of the Fare Adjustment Mechanism (“FAM”) of the MTR Corporation Company Limited (“MTRCL”), the only railway company in Hong Kong, by the Government of the Hong Kong Special Administrative Region (“HKSARG”) and MTRCL was completed. The outcome of the review was approved by the Executive Council of the Hong Kong Special Administrative Region on 16 April 2013 [1]. The MTR Corporation (now MTRCL) was established in 1975 with the HKSARG as the sole shareholder. MTR Corporation was re-established as the MTRCL and became listed on the Stock Exchange of Hong Kong in 2000 after the HKSARG sold 23% of its issued share capital to private investors in an Initial Public Offering [2]. MTRCL was merged with the Kowloon-Canton Railway Corporation, the other railway company in Hong Kong
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The Hong Kong Transport and Housing Bureau releases the fare adjustment mechanism applicable to the monopolist railway company (MTRCL)
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