WANTING TO GET Prices TO READ AND KEEP FARES AFFORDABLE
A deferred fare quantum of 12.9 % will result from the 6 % increase, which will be transferred to the next fare review exercise, bringing it down from 15.6 % to 12.9 %.
This allows us to” close the gap between cost and charges where we can keep the financial viability of our public transportation system,” Ms. Ang said.
PTC will continue to weigh this against our goal of making people transportation affordable.  ,
To protect the , delayed suffer adjustment, the state will provide an extra payment of S$ 250 million in the coming year.
PTC stated that the more government subsidies will help to lower the cost of providing common transportation and also reducing the fare increase.  ,
Both road operators SBS Transit Rail and SMRT Trains had applied for the whole 18.9 per cent suffer boost- that is, 3.3 per share derived from inflation, wages and energy prices, plus 15.6 per cent in delayed adjustments.
They cited components like the slow recovery of public transportation ridership as well as inflation-related price pressures.  ,
SBS Transit’s coach portion had reported a lost of” many million dollars” yet with government support, while SMRT Trains recorded an operating profit of S$ 6.2 million with government assistance.  ,
Lower-income households will get public transport vouchers, which , can be used to top up fare cards or buy monthly passes.  , The vouchers this year will be worth S$ 60 each, compared with the S$ 50 in vouchers provided last year.  ,
Adults and concession groups who frequent the PTC should consider purchasing monthly passes to help them lower their public transportation costs, according to the PTC.  ,
Additionally, there wo n’t be any changes to the fares for commuters who make cash payments.