U-turn on HK$2 fare scheme cap a welcome change of direction

If curbing a spiralling multibillion-dollar transport fare subsidy bill was as simple as an Octopus card system reset, the revamp to make the concessionary scheme for senior and disabled passengers more affordable for public coffers would have been much less bumpy.
Without restoring the age eligibility threshold of 65 to check the growing pool of beneficiaries – currently at 2.7 million people – the Hong Kong authorities sought to rein in spending first by footing less for longer and costlier...