Hong Kong saves HK$69 million in first month after HK$2 fare scheme revamp
Hong Kong's revised public transport subsidy scheme has resulted in significant savings for the government, amounting to HK$69 million (US$8.8 million) in its first month. The changes, implemented on April 3, aim to reduce the use of expensive long-haul routes for short journeys by beneficiaries like the elderly and disabled. This adjustment is projected to save the government HK$550 million annually, despite initial system update costs. AI
