TUESDAY, AUGUST 30, 1994
1
EXCO APPROVES CITYBUS FARE RISE
* *
THE GOVERNOR-IN-COUNCIL TODAY (TUESDAY) APPROVED A INCREASE BY A WEIGHTED AVERAGE OF 13.4 PER CENT FOR CITYBUS EFFECT FROM SEPTEMBER 11.
FARE WITH
THE APPROVED FARE INCREASE IS LOWER THAN THE 15.5 PER CENT SOUGHT BY THE COMPANY IN ITS APPLICATION.
UNDER THE NEW FARE SCALE, ABOUT 86 PER CENT OF THE PASSENGERS WILL ONLY PAY 20 TO 50 CENTS MORE PER TRIP.
A SUMMARY
OF THE RATE OF INCREASE IN
ROUTES IS:
RESPECT OF INDIVIDUAL
RATE OF % INCREASE
INCREASE IN MONEY TERMS
* 14 NON AIR-CONDITIONED
SERVICES FOR
11.1% TO 14.3%
20 TO 40 CENTS
DAILY COMMUTERS
*
18 SHORT-DISTANCE
AIR-CONDITIONED
SERVICES FOR DAILY
13.9% TO 16.0%
40 TO 60 CENTS
COMMUTERS
*
THREE LONG-DISTANCE
SERVICES FOR
DAILY COMMUTERS
*
THREE RECREATIONAL
SERVICES
13.3% TO 14.1%
80 TO 90 CENTS
17.2% TO 18.2%
$1.0
CONTINUE RETURN
THE APPROVED FARE INCREASE IS TO ENABLE CITYBUS ΤΟ OFFSET HIGHER OPERATING COSTS, TO MEET FUTURE SERVICE EXPANSION, TO
IMPROVE THE QUALITY OF SERVICE AND TO ACHIEVE A REASONABLE ON INVESTMENT.
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LANDSLIP INVESTIGATIONS UNDER WAY
THE GOVERNOR-IN-COUNCIL DECIDED TODAY (TUESDAY) THAT PENDING THE CONCLUSION OF ONGOING TECHNICAL INVESTIGATIONS INTO THE KWUN LUNG LAU LANDSLIP, NO DECISION SHOULD BE TAKEN AT THIS STAGE AS TO WHETHER A COMMISSION OF INQUIRY SHOULD BE APPOINTED TO LOOK INTO THE SAME MATTER.
EXPLAINING THE DECISION, A GOVERNMENT SPOKESMAN SAID THE COUNCIL'S VIEW WAS THAT THE NEED FOR A COMMISSION OF INQUIRY CAN ONLY BE CONSIDERED BY THE GOVERNOR-IN-COUNCIL ON RECEIPT OF AN INDEPENDENT REPORT FROM PROFESSOR NORBERT MORGENSTERN SUPPORTED BY THE FULL TECHNICAL INVESTIGATION ΤΟ IDENTIFY THE CAUSE OR CAUSES OF THE INCIDENT.
/IN THE