SBS Transit and SMRT submit applications for fare adjustments
The PTC commenced its annual fare review exercise on Nov 19, and Friday (Dec 19) is the deadline for public transport operators to submit their applications for fare review for consideration.
SINGAPORE: The Public Transport Council (PTC) has received applications for fare adjustments from Singapore's two public transport operators - SBS Transit and SMRT.
SBS Transit submitted its application for bus and rail fare adjustments "amidst an environment of rising costs", it said in a press release on Friday (Dec 19).
SMRT said last month that it is seeking "a better alignment of fares and operating costs".
The PTC commenced its annual fare review exercise on Nov 19, and Friday is the deadline for public transport operators to submit their applications for fare review for consideration. The decision will be announced in the first quarter of next year, according to the PTC.
Transport Minister Lui Tuck Yew previously told Channel NewsAsia that the maximum allowed public transport fare increase for 2015 is 2.8 per cent.
To evaluate applications, the PTC will take guidance from the fare review mechanism and fare adjustment formula recommended by the Fare Review Mechanism Committee and accepted by the Government in Nov 2013.
- CNA/dl
- wong chee tat :)
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