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BUSINESS GOVirtual Expo & Conference 2022

BUSINESS GOVirtual Expo & Conference (BUSINESS GOVirtual), the Hong Kong's first physical B2B "Tech x Business" event in the post-pandemic period, gathers leading IT companies and solutions providers under one roof to demonstrate their latest technologies. It is also the platform where showcases the key technological advancements for social and business engagement in the new digital era. The development of the Greater Bay Area is accorded the status of critical strategic planning in the Chinese government's blueprint, with great significance in China's initiative on innovation-driven development. Strategically held in Hong Kong, the international innovation and technology hub, BUSINESS GOVirtual serves as a communication platform for tech companies to exchange ideas, collaborate and foster partnerships. On top of the physical event, the brand new "GOVirtual OMNI," an online platform for the Expo and Conference, welcomes regional exhibitors and visito

MTR to resolve fare irregularities

Secretary for Transport & Housing Frank Chan today said MTR fare anomalies arising from the existing railway network will be resolved in phases according to the annual fare adjustment mechanism.   In response to a lawmaker's questions at the Legislative Council today, Mr Chan explained that the full commissioning of the Tuen Ma Line connects a number of existing railway lines, including the original West Rail Line and Ma On Shan Line, as well as the East Rail Line.   The fares of these lines were already determined with reference to their own fare structures before the rail merger. In particular, the fare structure of the East Rail Line, which started operations as early as in 1910, is influenced by historical factors and involves the co-existence of domestic and cross-boundary services, making it difficult to be directly compared with other railway lines.   Therefore, in the MTR heavy rail system, the fares of stations which run through the East Rail Line and the original West Rail Line and Ma On Shan Line will be influenced by fares of these lines.   The fares of new railway lines, like the Tuen Ma Line, will in turn be bounded by the fare structure of the existing railway network, resulting in fare anomalies for some trips.   Mr Chan said the MTR Corporation (MTRC) has been carefully handling the situation by adjusting the fare according to the annual fare adjustment mechanism. Given the railway network’s improved connectivity and increasing complexity, fare adjustments involving specific Tuen Ma Line routes or stations must be done prudently as it may affect other railway lines and cause further anomalies.   Subject to the annual fare adjustment rate based on the mechanism, it is expected that the MTRC would take several years to resolve the anomalies, he added.   Currently, the MTRC offers concessionary tickets and fare discounts to reduce the impact of fare anomalies. In collaboration with green minibuses and franchised buses, special interchange discounts and new interchange routes have also been introduced, Mr Chan noted.
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