Have offset la so sinkies please don't kpkb
Transport fare hike offset by slew of concessions
Targeted help means many will pay less under adjustments starting April 6
Published on Jan 17, 2014, 7:19 AM
By Christopher Tan Senior Transport Correspondent
Around a million commuters will pay less for travel, even as bus and train fares increase by two to six cents when the biggest price adjustment in 15 years kicks in on April 6.
This is because there will be a slate of new and enhanced concessions to go with the overall fare rise of 3.2 per cent, the Public Transport Council (PTC) said yesterday.
Releasing details of the first fare revision since 2011, the PTC also announced that although the two public transport operators here will make an additional $53.5 million in revenue, part of this will be contributed back to a fund meant to shield the poorest households from fare hikes.
SBS Transit and SMRT will have to contribute $7.2 million and $4.38 million respectively.