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Changes to Hong Kong’s HK$2 transport subsidy scheme to kick in on April 3

Changes to Hong Kong’s HK$2 transport subsidy scheme to kick in on April 3

Hong Kong will implement the revised HK$2 (26 US cents) transport fare scheme next Friday, under which elderly and disabled residents will only enjoy the flat rate for journeys costing HK$10 or less.

Authorities said on Monday that the new “HK$2 flat rate or 80 per cent discount” model would be implemented on April 3.

Beneficiaries under the revised scheme will only enjoy the HK$2 rate for journeys where the adult fare is HK$10 or less, and will have to pay 20 per cent of fares that exceed that threshold.

Financial Secretary Paul Chan Mo-po first announced the planned changes in his budget speech last year, in a bid to scale back spending amid concerns about the scheme’s ballooning costs as the city’s ageing population grew.

Secretary for Labour and Welfare Chris Sun Yuk-han on Monday said the original HK$2 concessionary fare aimed to build a caring and inclusive society by encouraging the elderly and people with certain disabilities to participate more in community activities.

“The ‘HK$2 flat rate or 80 per cent discount’ adjustment preserves the policy intent of the scheme while striking a balance between enhancing the sustainability of the scheme and minimising impacts on beneficiaries,” he said.

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