The SUN HK : Government approves tram fare increase

07 June 2022

The tram is an icon of Hong Kong

The government today approved an increase in tram fares, to take effect on July 11.

The Chief Executive in Council approved the proposal of Hong Kong Tramways Limited (HKT) to make the following changes:

For people aged 12 or above will be raised from $2.60 to $3.00.
For children aged 3 to 11 will be raised from $1.30 to $1.50.
For the elderly (aged 65 or above) will increase from $1.20 to $1.30.
The cost of the Monthly ticket will increase from $220.00 to $260.00Government approves tram fare increase.
The tourist ticket will be cancelled.

In a press statement,the government said the fare increases were needed to ensure that HKT would have sound financial capability in providing economical, efficient and quality tram services at reasonable fares.

“The Government has, in accordance with the established policy and mechanism, taken into account various factors, including the quality and quantity of service provided and the planned improvement projects of HKT; the changes in operating costs and revenue since HKT's last fare adjustment; HKT's forecast of future costs, revenue, profit and return; and the likely public acceptability,” it said..

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The last time tram fares were increased was in 2018.

Since then, however, the company’s profit margin declined from 18% to -3% due to fewer people taking the tram, as a result of competition from other public transport modes and the two-year-old pandemic which required social-distancing measures.

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“HKT has been providing emission-free and affordable services over the years. It has a unique historical significance and has always been received by the local community and visitors, and has represented the collective memory of Hong Kong citizens.” It said. “Furthermore, HKT has implemented various improvement projects as well as introduced innovative measures to enhance tram services with a view to providing a safer and more comfortable experience for passengers, while preserving its historical value.”