Chief Executive Carrie Lam Cheng Yuet-ngor has proposed a fare subsidy scheme that is expected to benefit more than 2 million public transport commuters.
The subsidy is not means-tested, meaning that eligibility will not be based on whether or not they possess the means to do without the government assistance.
Under the scheme, commuters with monthly public transport expenses exceeding HK$400 will be offered a subsidy amounting to 25 percent of the expenses in excess of the level, subject to a cap of HK$300 a month.
It will cover fares for MTR, franchised buses, green minibuses, ferries and trams, Lam said, adding that no application is required to join the scheme.
The government aims to launch the scheme within one year after obtaining funding approval from the finance committee of the Legislative Council.
It is believed that the scheme would be similar to the existing HK$2 travel scheme for the elderly, in which the discount automatically applies to the fare when the beneficiary uses the Octopus card.
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