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Actually, no. The MTR’s farebox recovery is over 100%. They make a profit on fares and make even more money on real estate.
by so33 8y ago
Actually, no. The MTR’s farebox recovery is over 100%. They make a profit on fares and make even more money on real estate.
- masonic 8y agoOkay, that wasn't stated... and that's unheard-of among US transit systems AFAIK.
- MrTonyD 8y agoI remember reading that they were able to cover all the costs because of accounting categorizations that they could consider only because they had the real estate. But I don't really know - that's just what some article was saying.