BRIEF-MTR Corp updates on review of fare adjustment mechanism

March 21 (Reuters) - Mtr Corp Ltd

* Early review of fare adjustment mechanism has been

completed.

* Company and government have agreed to maintain current fam

formula and direct-drive nature of fam formula

* Company and government have agreed to certain special

applications to calendar years 2017 to 2022

* For period from mid-2017 to mid-2018, company expects to

forego revenues of approximately hk$445 million

* Agreed that scheduled review of fam originally due in

2017/18 will not be undertaken and next scheduled review will be

in 2022/23.

* Company will introduce, or continue to make available, a

number of fare concessions (in form of promotions)

* As a result of implementation of special applications,

from mid- 2017 to mid-2018, expects to forego revenues of about

hk$142 million

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