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60% To Pay More Under New Bus Sucking Scheme!

makapaaa

Alfrescian (Inf)
Asset
<TABLE cellSpacing=0 cellPadding=0 width="100%" border=0><TBODY><TR>Another scam. *shake head*

Fare changes: Some concerns
</TR><!-- headline one : end --><TR>Distance-based system good but do not penalise those making direct trips, say MPs </TR><!-- Author --><TR><TD class="padlrt8 georgia11 darkgrey bold" colSpan=2>By Yeo Ghim Lay
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When the distance-based system kicks in, commuters who make transfers and those on direct services will pay the same fare. -- ST PHOTO: ALAN LIM
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<!-- START OF : div id="storytext"--><!-- more than 4 paragraphs -->MEMBERS of Parliament voiced concerns yesterday over a system that bases public transport fares on distance, regardless of the number of transfers, with many hoping it will not spell higher fares for commuters taking direct services.
This came as Parliament approved changes to the Public Transport Council Act, which paves the way for the new system and gives the council powers to initiate fare changes, among other things.
The distance-based system will cut transport bills for four in 10 commuters who make transfers on their journeys now. They pay more than those who take a direct service to the same destination.
Commuters whose trips involve transfers pay starting fares of around 60 cents each time they switch between buses or between buses and rail services.
Although they get a 25-cent rebate every time they switch, this is not enough to offset the cost of the starting fare.
But by the end of next year, commuters who make transfers and those on direct services will pay the same fare.
While MPs welcome this, they remain concerned that commuters who take direct services might end up paying more.
Mr Ong Kian Min (Tampines GRC), one of seven MPs who spoke, was glad that distance-based fares will cut costs for four in 10 commuters.
But the likelihood of operators making up for this loss of revenue by raising fares on direct trips 'provoked public outcry'.
'The premise that fares for direct trips be immediately increased to meet the costs of restructuring is untenable,' the Government Parliamentary Committee for Transport's deputy chairman said.
It was not clear that operators would lose revenue or what the amount of any possible loss might be, he said. In fact, they may gain if ridership increased.
Mr Lim Biow Chuan (Marine Parade GRC) said the authorities should ensure that any loss was absorbed by operators and not be passed on to commuters.
Responding during the debate, Transport Minister Raymond Lim explained that commuters and operators should both bear some of the cost as both would benefit under the new fare system.
Commuters will have a fairer fare structure and more travel options, while operators will likely see higher ridership.
He also cited comments by PTC chairman Gerard Ee last month that any increase will be low. Mr Ee reckoned fares might rise by no more than 1 per cent.
'I'd like to assure the House that he (Mr Ee) understands the current difficult economic conditions and that his council will endeavour to make sure the majority of commuters will benefit,' said Mr Lim.
He also agreed with a point made by GPC chairman Cedric Foo (West Coast GRC) that distance-based fares potentially should benefit more people than just those who make transfers daily.
Mr Lim said there could well be commuters who made transfers twice or three times a week. Travel patterns could change, such as when commuters move to a new home or workplace. Such commuters then have the option of choosing the best way to get to their destinations.
As to how the hub-and-spoke transport system was being improved, he noted that the rail network was being doubled, with a new line or extension every other year. Integrated public transport information is available to the public and the Land Transport Authority takes over centralised planning of bus services next year to further optimise the network. [email protected]
 

Nomad

Alfrescian
Loyal
these are all blood suckers.
when fuel price is going up,they are for increases,but when fuel price comes down a bit,did they do adjustment and decreases a bit.

this is another method to squeeze more from the commuters. :mad:
 

tonychat

Alfrescian (InfP)
Generous Asset
Yeah , INflation again. Enjoy high price, sinkie, that is what you vote for, so dun complain.
 

Maximilian Chua-Heng

Alfrescian
Loyal
60% To Pay More Under New Bus Sucking Scheme!

Huh? i thought gahment said 4 in 10 pay less? No way!!!

Please do not twist the news to suit your agenda. It's dangerous.
 

evisionary

Alfrescian
Loyal
Blame government on Privatization and all those companies want profit!

What about Temasek Holdings they sold OUR power stations to private companies and pocket the $$$ as their Profit.

Temasek Holdings (Private) Limited (Temasek) today released its latest annual financial review for the year ended 31 March 2008. In its fifth year of publication, the Temasek Review 2008 provides the firm's financial, investment and operating highlights of the year.

During financial year ended 31 March 2008, Temasek achieved a record profit of S$18 billion on the back of strong operating performance of its portfolio companies and healthy realised gains from its direct investment activities.

Temasek's portfolio grew to S$185 billion, an increase of 13% from S$164 billion the previous year. On the back of a weaker US dollar, the value of Temasek's portfolio grew 24% from US$108 billion to US$134 billion. Shareholder equity increased 26% to S$144 billion over the same period. The increase in portfolio size was partly due to a new capital injection of S$10 billion by the Minister for Finance (Incorporated), Temasek's shareholder, as part of its asset reallocation. On a cumulative basis, Temasek remains a net contributor in dividends to its shareholder.

As part of its portfolio rebalancing, Temasek divested its interest in China COSCO Holdings, an integrated shipping company, SNP Corporation, a Singapore-based publishing firm, and Punj Lloyd, an Indian company in the energy and infrastructure space. It also conducted a trade sale of Tuas Power, one the three power generating companies (gencos) it plans to fully divest. Tuas Power was sold to China Huaneng Group for S$4.2 billion. The sale of the remaining two gencos – Senoko Power and PowerSeraya – is expected to be completed by mid-2009.
 
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