Tuesday September 30, 2008

Singapore bus and MRT train fares to go up from 1 Oct 2008

This article belongs to the Singapore inflation watch story arc.

channelnewsasia.com

Most bus and train journeys 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. This will be offset by an increase in transfer rebate from 25 cents to 40 cents. 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%. This decision comes after careful deliberation, testing many permutations and scrutinising the impact on both operators and commuters."

- So you see how something that should be relatively simple such as bus and MRT train fare pricing, can be made really complicated, with transfer rebates, concession fares, distance-related fare stages, and so on. They might as well throw in a timing factor and make the price vary by the time of day. No matter what it is, the overall general direction is up, and at the end of the day that's all that the people would care about.

See also :

1. Public Transport Council approves 1.7% fare increase for bus, trains
2. Singapore MRT rail network length to double by 2020
3. Singapore : SMRT adds 700 extra MRT train trips a week costing it S$5m annually
4. Motoring costs drive Singapore MRT passenger trips to hit record 52 million in May 2008

(2008-09-30 11:00:16 SGT) [Energy] Permalink Comments [1]

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