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New public transport fare review committee
Posted: 04 June 2012 1158 hrs
Passengers boarding buses. (Photo by: Hester Tan, channelnewsasia.com)
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Passengers boarding buses. (Photo by: Hester Tan, channelnewsasia.com)
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SINGAPORE: The government has appointed a 13-member committee to look into the public transport fare adjustment formula and the framework for fare adjustments.
The committee comprises members from the Public Transport Council, academia, consumer association, labour movement, as well as the private and people sectors.
The Fare Review Mechanism Committee is chaired by Mr Richard Magnus, chairman of the Casino Regulatory Authority and member of the Public Transport Council.
In its statement, the Transport Ministry outlined the terms of reference for the committee.
The committee will review the effectiveness of the current fare adjustment formula and propose improvements.
The revised fare review framework should balance keeping public transport fares affordable with the long-term viability of the public transport operators, while encouraging operators to be efficient and encourage productivity improvement.
The committee will also have to ensure that the views of key stakeholders are adequately represented.
In a post on the committee's website, Mr Magnus said the committee will be working towards a revised fare review framework that will balance keeping public transport fares affordable, especially for those from low-income households, while ensuring that public transport operators remain viable as commercial entities.
He added that finding the right balance is not easy, but the committee is committed to doing the best it can.
MOT said the committee is expected to present its recommendations to the Transport Minister early next year (2013).
The public can also give their views to the committee at [email protected] or by post by August 12.
More information on the committee and its work can be found at this website.
The is clue for the fare increase so be prepare. Gov give bus $1.1b and MRT $900m still not enough.
Posted: 04 June 2012 1158 hrs
Passengers boarding buses. (Photo by: Hester Tan, channelnewsasia.com)
Photos 1 of 1
Passengers boarding buses. (Photo by: Hester Tan, channelnewsasia.com)
inShare
7
SINGAPORE: The government has appointed a 13-member committee to look into the public transport fare adjustment formula and the framework for fare adjustments.
The committee comprises members from the Public Transport Council, academia, consumer association, labour movement, as well as the private and people sectors.
The Fare Review Mechanism Committee is chaired by Mr Richard Magnus, chairman of the Casino Regulatory Authority and member of the Public Transport Council.
In its statement, the Transport Ministry outlined the terms of reference for the committee.
The committee will review the effectiveness of the current fare adjustment formula and propose improvements.
The revised fare review framework should balance keeping public transport fares affordable with the long-term viability of the public transport operators, while encouraging operators to be efficient and encourage productivity improvement.
The committee will also have to ensure that the views of key stakeholders are adequately represented.
In a post on the committee's website, Mr Magnus said the committee will be working towards a revised fare review framework that will balance keeping public transport fares affordable, especially for those from low-income households, while ensuring that public transport operators remain viable as commercial entities.
He added that finding the right balance is not easy, but the committee is committed to doing the best it can.
MOT said the committee is expected to present its recommendations to the Transport Minister early next year (2013).
The public can also give their views to the committee at [email protected] or by post by August 12.
More information on the committee and its work can be found at this website.
The is clue for the fare increase so be prepare. Gov give bus $1.1b and MRT $900m still not enough.
