It is not sustainable for taxpayers to
increasingly subsidise the cost of operating Singapore's public
transport systems, Transport Minister Khaw Boon Wan said in
Parliament yesterday as he raised the possibility of commuters
paying higher fares.
Mr Khaw said that over the next five years, the
Government expects to subsidise public bus services by almost $4
billion.
Under the new Bus Contracting Model, fare revenue goes
to the Government, but this is still insufficient to cover
operating costs, explained Mr Khaw.
The Government also expects to spend another $4 billion
or so on replacing ageing rail assets in the same time frame.
"And all this is on top of about $20 billion we will be
spending to build new public transport infrastructure," he
added.
Mr Khaw said the Public Transport Council (PTC) will
review the fare formula when it expires following this year's fare
adjustment exercise.
"They will consult widely. I am confident that they
will decide wisely," he said.
"But remember, the PTC... sometimes they have to adjust
fares upwards. If they do, I hope commuters will be
understanding." - CHRISTOPHER
TAN
TNP