Public Transport Council conducts fare review exercise

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http://www.channelnewsasia.com/news/singapore/public-transport-council/1481728.html

The Public Transport Council (PTC) on Wednesday (Nov 19) announced it has started the annual fare review exercise.

Public transport operators may submit their applications for fare review to the PTC for consideration by Dec 19. The decision will be announced in the first quarter of 2015, according to the press release.

Responding to media queries, SMRT's Vice-President for Corporate Information and Communications Patrick Nathan said: "We seek a better alignment of fares and operating costs, and will be submitting our application for a fare review in the coming weeks."

Public transport fares were last adjusted in Apr 2014 as part of the 2013 fare review where there was a fare increase of 3.2 per cent.

It means the remaining 3.4 per cent of the total fare cap of 6.6 per cent will be brought forward to this year's fare review exercise.

Mr Cedric Foo, chairman of the Government Parliamentary Committee for Transport, said: "As we have seen lately, fuel prices are coming down. Therefore... I am hopeful that the full 3.4 per cent rollover from last year will not be implemented in full."