TODAY, 16 Jan 2014
By Woo Sian Boon
Fare review: Bus, train fares to increase by 3.2% this year
SINGAPORE — Starting from April 6, adult fares for buses and trains are set to increase by four to 20 cents, announced the Public Transport Council (PTC) this afternoon (Jan 16). Those paying by cash will pay more, with fares set to rise by 20 cents per trip. For senior citizens and students, fares will increase by two to 10 cents per journey, with those paying cash having to pay more.
Following applications for fare hikes submitted by both SMRT and SBS Transit last month, the PTC accepted their proposals to adjust fares by 6.6 per cent – a combined quantum using the new fare formula proposed by the Fare Review Mechanism Committee (FRMC) and the old formula for the suspended fare adjustment exercise from 2012. Public transport fares was last increased in 2011, while adjustments were suspended since 2012 while the FRMC reviewed the formula and framework by which public transport fares are adjusted.
With this in mind, the PTC decided to increase fares by 3.2 per cent this year, and roll over the balance of 3.4 per cent to the 2014 exercise.