
Tuesday July 25, 2006
SMRT plans fare hikes for its bus, MRT, LRT services
channelnewsasia.com :
SMRT Corporation is planning to raise fares for its bus, MRT and LRT services. It will apply for a fare adjustment by the August 1 deadline set by the Public Transport Council.
The SMRT Corporation says its total operating costs have ballooned by 20% this year because of the increase in diesel prices. The fare hike will follow the PTC's formula of a maximum increase of 1.7%, which translates to a rise of one or two cents, if approved.
(2006-07-25 19:02:46 SGT)
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