The city bus arrives at the station in Bugis, Singapore city. Public transport in the city Singapore from Shutterstock.com

The Public Transport Council (PTC) has announced that public transport operators may increase their fares by up to 4.3 percent based on the new fare formula, which will be decided in the annual 2018 Fare Review Exercise (FRE).

It said that over the past five years, more than 1000 new buses were introduced through the Bus Service Enhancement Programme and Bus Contracting Model, and more than 200 new trains were injected to augment the public transport capacity, noting “the costs of which were borne by the Government”.

PTC added that the Government has also committed to spending $5 billion to subsidise public bus services, $4 billion to renew rail operating assets and an additional $20 billion on new public transport civil infrastructure over the next five years.

According to the council, it has reduced fares by a total of 8.3 percent for the previous three consecutive years, largely due to the continued double-digit dip in energy prices. Energy prices in 2017, which will be factored in the fare formula this year, rebounded by 26.2 percent over the previous year.

It then stated that the other macroeconomic price indices in the fare formula have also increased over the past year.

The Wage Index, a proxy for the wage growth of public transport workers like bus captains and rail staff went up by 3 percent, while the core Consumer Price Index rose by 1.5 percent, the highest increase in three years, it noted.

It then said that the Network Capacity Factor (NCF) of 3 percent balances commuter demand and public transport capacity enhancements and reflects the effort to provide commuters with more convenient and less crowded rides over the last year. More than two-thirds of the NCF was contributed by bus capacity improvements.

Based on the new fare formula which is applicable from 2018 to 2022, taking into the carry-over quantum of -3.2 percent from the 2017 FRE, PTC states that the maximum allowable
fare adjustment quantum to be considered for 2018 FRE is 4.3%. It added that the public transport operators may submit their fare applications to the PTC by 1 October 2018 for consideration.

It stressed that PTC will deliberate on these matters and announce its decision on the fare adjustment quantum in the last quarter of 2018.

“Ultimately, the PTC will continue to keep public transport fares affordable to commuters, while ensuring that the public transport system remains financially sustainable,” it added.

Subscribe
Notify of
0 Comments
Inline Feedbacks
View all comments
You May Also Like

职总平价推出”流动超市” 方便五社区年长者购物

职总平价宣布,从今日(23日)起将在本地五个社区提供“流动超市”(FairPrice On Wheels)服务,方便年长者无需离开社区太远就能买到必需品。 根据职总平价今日发布的贴文,流动超市将在每日早上9时至2时提供服务,售卖的商品包括米、食油、蔬果、罐头食品、盥洗用品、面包等必需品。 该服务涵盖的区域包括联邦连路、直落布兰雅弯、直落布兰雅坡、甘榜格南民众俱乐部和惹兰固哥(Jalan Kukoh)一带。

Conjuring Falsehoods – local publisher Ethos Books weigh in on their concerns about POFMA

Independent literary publisher Ethos Books released a statement recently addressing the recent…

Reporters Without Borders issues statement to condemn actions of Singapore police on TOC

Reporters Without Borders (RSF) has issued a statement to condemn the actions…

张媛容:疫情当前召开选举有违道义

在野政治人物张媛容律师: 如今,我国面对自独立以来,近乎战时状态的严峻考验。我们正在与看不见的敌人搏斗,对手擅于隐身和难以捉摸。我们的日常作息都被打乱,我们都在坚守一场不知将持续多久的围城。 面对史无前例的时刻,我们都期盼政府领导群众,不得不去信任民选领导人的决断。 直到目前为止,我都赞许领导层应对疫情危机的决策。 然而,尽管我们正专注抗疫,人民行动党政府却揭示未来两个月内可能大选,这太疯狂了,为何要急于选举? 行动党政府的解释是,疫情不会再短期内解决,要选举最好是乘现在。 我不敢苟同。两周前我还认同“当下就做”的原则,但眼见当前举是进展,我认为“暴风前的平静”这个窗口早已过去。我们如今不仅是在抗疫状态,也准备应对战疫升级。现在选举只会分散注意力,尽管当前所有努力都应专注在应对疫情。 选举是民主社会的关键大事。领导人和公民都需要关注选举进程。当选后的领导人有责任再未来五年照顾百姓生活。 如果总理办公室把大选矮化成“例行公事”,把这种头等大事当作一件需要摆脱的麻烦事,形同对宪法中国家价值的背叛。如果当权者和公民都无法集中精神再选举过程,比较负责任的做法就是延迟到更好的时机。 许多关心的公民都疾呼总理暂缓选举,直至危机缓解。即便选举被推迟至2021年4月的法定期限,他们也不会责怪政府。权衡利害关系,我认为我有责任表态支持上述立场。 我坚信我们终能战胜这场危机,充分摸清这个敌人的底细只是时间问题,有效的防疫技术和疫苗终究能开发出来。但奇计只能用一次,所以比较智慧的做法是延迟选举至少一年。 我们国家标榜自己民主。民主是公民们都能选出自己的领袖。如果未来两个月选举,这几乎等同当权者要挟公民:要么选我,要么就任由疫情摆布。当权者如今已在把持大局,大家都指望他们带我们走出危机。如果任何人想利用现状和疫情对社会经济的影响,现在是最佳时机。…