Public
transport operators SBS Transit and SMRT on Thursday took the first
step towards raising bus and train fares by applying to do so,
citing rising costs.
The last
fare increase took place two years ago and one planned for last
year was deferred due to a review of the fare formula.
The review
committee submitted its recommendations in a report last month, all
of which were accepted by the Government.
In a
statement, SBS Transit said it "continues to face significant cost
pressures despite increased efforts to lower costs and increase
productivity".
Rival SMRT
had earlier said it sought a better alignment between fares and
operating costs.
A Public
Transport Council spokesman said it had received applications from
both operators and would decide by next March. The fare rise will
combine the 2012 and 2013 exercises.
The maximum
allowable fare increase for these two years combined is 6.6 per
cent. If the council grants a lower percentage, any difference will
be rolled over to 2015.
Transport
Minister Lui Tuck Yew had previously said that any fare increase
should not exceed this year's average wage rise.
The
committee's other recommendations include providing more
concessions and subsidies for groups such as lower-income commuters
and students.
Observers
say full-paying adult commuters are likely to face the biggest jump
in fares to help pay for some of the subsidies.
Who said you luan luan gong...you the TS ar?? lols. A self guitly
conscious person will alway try to prove his innocent even without
any provocation. Bowah 2013
