Theonlinecitizen.com
14 Jul 2008
I refer to the new formula for the increase of public transport fares, announced by the Public Transport Council (PTC) on 10 July. (Channel NewsAsia)
With the heightened possibility of an impending fare hike, let's look at some of the issues.
In the past, we talked about it after the decision was made. I suggest that we debate the issue now, to try to influence the decision.
The 3 per cent cap for the fares increase, is 67 per cent more than 2007's cap of 1.8 per cent.
Since "the restructuring should be largely revenue-neutral to the transport operators", the revenue and profits of the transport operators may increase because of increased ridership due to the growing population and more visitors to Singapore, and of course any fare increase that may be approved by the PTC.
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