0.7% increase in overall fares, still dare to say "With the increase of the fare rebate, public transport operators will forego $30 million in revenue annually" , with more people taking public transport nowaday, the operators should earn more. The recent fall in oil price should benefit them also. And where are the improvement in services and frequency? Alhough MRT peak hour service may improve a little bit, but more MRT frequency during lunch time is not what most people want.
Basic trip from $0.67 to $0.71, so there's a 6% increase, although the rebate have increase from $0.25 to $0.40. So, it's good and fairer for people who transit a lot only.
http://www.straitstimes.com/Breaking+News/Singapore/Story/STIStory_277784.html
Basic trip from $0.67 to $0.71, so there's a 6% increase, although the rebate have increase from $0.25 to $0.40. So, it's good and fairer for people who transit a lot only.
http://www.straitstimes.com/Breaking+News/Singapore/Story/STIStory_277784.html
www.straitstimes.com/ said:0.7% change in fares
http://www.straitstimes.com/STI/STIMEDIA/pdf/20080912/singapore-fare.pdf
MOST train and bus rides will cost commuters four cents more from Oct 1 onwards, said the Public Transport Council on Friday.
However, for commuters who make a transfers on their journeys, this will be offset by an increase in the transfer rebate, which will rise from the current 25 cents to 40 cents.
As a result, commuters will pay as much as seven cents less to four cents more on their entire journeys. Those who make transfers willl stand to benefit the most.
This comes as the PTC approved an overall net fare adjustment of 0.7 per cent in this year's fare revision exercise, which is lower than the 3 per cent cap allowed for in this year's fare formula.
After the new fares kick in, 59 per cent of commuters will see their weekly expenditures on transport go up.
One in three commuters will have their transport bill rise by an average of $0.23 per week, while one in four commuters will face an increase of $0.18 per week.
For the remaining 41 per cent of commuters, they either pay the same or pay lesser each week.
With the increase of the fare rebate, public transport operators will forego $30 million in revenue annually, said the PTC.
The rebate will be further increased as the public transport system moves towards a distance-based through fare system.
Under this, a commuter who makes transfers to get to his destination will pay the same amount as a commuter who takes a direct service to the same destination, instead of paying more as he does currently.
The four cent increase on bus and train fares will also apply to senior concession fares. For the elderly, the concession hours on SMRT trains will be extended to 4.30pm to 7pm on weekday evenings.
This means they get concessionary travel from 9am to the close of operations on SMRT trains on weekdays.
Child and student concession fares will remain unchanged, as well as the prices of student and National Servicemen concession passes. Those who pay by cash instead of ez-link card, however, will see their fares go up by 10 cents across the board.