“Going to the other end of the spectrum, if rides were to be made completely free, that would impose a heavy tax burden on the people, as it takes S$1.2 billion just to run the bus and train systems annually.”
“A PROPOSED formula for calculating bus and train fares can bring reductions during an economic slowdown, but it can also give rise to bigger increments in bountiful years.”
New formula flexible on transport fare changes
Straits Times Feb 25, 2005
Will there be a fare reduction as Singaporeans face this giant economic tsunami?
Will the government dip into our save-for-rainy-days reserves to subsidise transportation fares?