Something has got to give when every bus trip carries a minimum
$0.55 subsidy (including feeder transfers). $4.10 card fare, here
we come...
http://www.channelnewsasia.com/news/singapore/need-to-strike-balance-in-transport-cost-burden-khaw-boon-wan/3577594.html
The Government is also topping up a “huge deficit” under the new
Bus Contracting Model, which states that it is now responsible for
buying and replacing buses.
“We pay bus operators a fee to run the bus services. Although
fare revenue goes to the Government, it is not enough to cover
operating costs,” Mr Khaw said.
...
As costs rise over the years, Mr Khaw said fares have not kept
up and taxpayers have had to subsidise more and more of these
operating costs.
“This is clearly not sustainable,” he said. “We must
ensure that the fiscal burden does not become too excessive for
taxpayers.”
...
But “the PTC cannot always bring good news”, Mr Khaw cautioned,
adding that there is also a possibility for an upward fare
adjustment.
“If they do, I hope commuters will be understanding."