Bus and train fares up on 1 October

[Singer]

Bus and train fares up on 1 October

Posted: 12 September 2008 1032 hrs Photos 1 of 1

 

 

SINGAPORE - Most bus and train journeys except those for children, students and national servicemen, will see fare changes from 1 October 2008.

 

The Public Transport Council (PTC) has given the green light for an overall net fare adjustment that will result in fare changes that will range from a 7-cent reduction to a 4-cent increase per journey.

 

Adult EZ-Link fares on buses and trains and the senior citizen concession EZ-Link fare, will see a flat increase of 4 cents per ride.

 

However, this will be offset by the 15-cent increase in transfer rebate from the current 25 cents to 40 cents.

 

Public transport operators have also decided that they will bear 10 cents out of the 15-cent increase in the transfer rebate.

 

Therefore, fares for most adult or senior citizen concession journeys will see a range of adjustments, from an increase of 4 cents for a direct journey with no transfer, to a reduction of 7 cents for a journey with one transfer.

 

According to the PTC, journeys with more transfers will see a greater fare reduction, ranging from 18 cents for a journey with two transfers and 29 cents if there are two transfers.

 

To fund the higher transfer rebate, transport operators will give up more than $30 million in fare revenues annually. As for the remaining 5-cent increase in the transfer rebate, the PTC said it will be redistributed amongst commuters, as they will benefit from it.

 

Chairman of the PTC, Gerard Ee said "by raising the transfer rebate this year and making the operators absorb a larger part of the cost, we managed to strike a balance and keep the overall net fare adjustment to just 0.7%, much lower than the fare cap of 3%."

 

 

[Hiphiphoray]

If you cant convince them, then confuse them.

[Blackyv]

whatever sh*t stats numbers they mentioned here, let's wait for their report card and im sure it's going to be another dont know how many tens of % increase in net profit and all time record... period.

[Speddevil]

All those load of sxxt of losing more than making profit

[Kangadrool]

QUOTE

 

To further safeguard commuters

Edited September 12, 2008 by Kangadrool

[Seabass_sg]

Rich getting richer while the poor ....

[Rickster]

And I'm sure the opposition will use it as ammunition against them for the next GE

[Rickster]

They r spouting nonsense! There is no such thing as risk profile when the trade is cartel-istic and monopoly!

[Sorrow]

wah so concidentally, get Grow packet den need to pay extra liao.

 

[Nlatio]

as usualy lar... give S$0.10 take back also 10 but S$10....

[Mzrmazda3]

[thumbsdown] Edited September 12, 2008 by Mzrmazda3

[Kangadrool]

But the ammunitions are always not as powderful as layers and layers of steel plates on the other side leh. Most of the time, the ammunitions recoil back and killed the firers in return.

[Sorrow]

i won't be surprised if i see more suicides imagine everything up and the people on the lower levels are being left behind....my opinion is that packages can maybe oni sustain a family for a month, so for the nxt 11 months, they're still suffering..

[Modykoh]

sometime later, they report $xyz of earning profit..

 

i really dont see the pts when a public service is meant to provide services to the public. Yet u see every year of growths earning. At one hand, it gear toward to encourage ppl to go public, on the other hand rasie the fare and report impressive erning. Oc couse not expecting them to loss money..or by not rasing are they loosing monies???

[Sorrow]

i tink every year they add %...so forever need to raise costs in order to hit the profit margin mah...

 

u got hear any boss say...this yr i earn 10%, so every year just 10% will do...won't 1 lah..

 

most prob ur boss will say, this yr i earn 10%, nxt year let's aim for 15%

Edited September 12, 2008 by Sorrow

[Robo]

 

bull crap! all bull crap!

[Black_silk]

Let everyone sings this song made famous by Clint Eastwood with his Orang Utan

"ANY WHICH WAY BUT LOOSE"

[Lv3338]

why crude oil ..gone down...

 

why bus fare up? where is the logic?