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How are MRT fares set? (Planning)

Taipei MRT fare rates are based on the formula specified in Article 29 of the Mass Rapid Transit Act. The work process for fare setting and fare adjustment in terms of per person per kilometer is described as follows: Taipei Rapid Transit Corporation (TRTC), the authority in charge of Taipei MRT operation, will draw up Taipei MRT fare rates and submit the proposal to the Board of Directors of TRTC for review. Then it will be submitted to Taipei City Department of Transportation (DOT) for approval. At DOT, the proposal will be referred to the Taipei City Public Utility Fee Review Committee for approval. Approved rates are then announced by the mayor of Taipei City for promulgation. Any adjustment to fare rates are subjected to the same process.