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Showing posts with the label ICAC

Ferry Services on Park Island - will the ferry fares go up?

Over the last month or so, more residents on Park Island have become aware of wrangling between the ferry service provider to Park Island, Park Island Transport Company Limited ("PITCL") http://www.pitcl.com.hk/eng/html/ferry.htm and the Park Island Owners Committee regarding the ferry charges.
For historical reasons, the raising of ferry charges in Hong Kong is a very sensitive issue. People unfamiliar with why this issue is sensitive may want to read up on what happened back in 1966 when the Star Ferry proposed raising prices: http://en.wikipedia.org/wiki/Hong_Kong_1966_riots.
PITCL is now a wholly-owned subsidiary of Sun Hung Kai Properties Limited. It not only runs the ferry services but also the bus services to Park Island.
There is no doubt that the bus services to Park Island are very profitable for PITCL. Some of the ferry trips are also profitable for PITCL, especially weekend ferry services and rush hour times, eg 7.30am to 9.30am and 5pm to 8.30pm. For times outside …