LTA failed to factor in PHV effect when expanding bus fleet and contracting model.
Thus the huge $$$ losses from tremendously expanding bus fleet (S$1 billion to add 1000 new buses) yet facing decreased revenue from relatively fewer users riding on the expanded bus/train fleet culminating in the current need to increase bus fares.
Also, users probably experience even SLOWER bus travel times with so many PHV (Uber/Grab car) clogging the streets which only gets WORSE during peak hours because surge pricing causes all (almost 47,000 registered PHV as at February 2018) PHV drivers to come out to hunt for customers when road is at its highest at any point of the day.
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From sgfuck :
Bus Fare to Rise Soon
LTA said the government paid more than SGD$ 848 million in service fees to bus operators for the fiscal year ending in March 2017. The revenue from the same period was only about SGD$512.94 million. The total loss was SGD$ 423 million before the government subsidy.
The fare is only enough to offset about 60% of the service fees paid to the bus companies. The rest of the operating costs have to be paid by the government.
http://sgfuck.org/mybb/Thread-Bus-Fare-to-Rise-Soon
Thus the huge $$$ losses from tremendously expanding bus fleet (S$1 billion to add 1000 new buses) yet facing decreased revenue from relatively fewer users riding on the expanded bus/train fleet culminating in the current need to increase bus fares.
Also, users probably experience even SLOWER bus travel times with so many PHV (Uber/Grab car) clogging the streets which only gets WORSE during peak hours because surge pricing causes all (almost 47,000 registered PHV as at February 2018) PHV drivers to come out to hunt for customers when road is at its highest at any point of the day.
============
From sgfuck :
Bus Fare to Rise Soon
LTA said the government paid more than SGD$ 848 million in service fees to bus operators for the fiscal year ending in March 2017. The revenue from the same period was only about SGD$512.94 million. The total loss was SGD$ 423 million before the government subsidy.
The fare is only enough to offset about 60% of the service fees paid to the bus companies. The rest of the operating costs have to be paid by the government.
http://sgfuck.org/mybb/Thread-Bus-Fare-to-Rise-Soon
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