Fare rise applications under scrutiny

March 15, 2023

The Government today said it will exercise due diligence in considering and reviewing the fare increase applications from the five franchised bus operators in accordance with the established mechanism.

 

In a statement, the Government noted that the five franchised bus operators submitted fare hike applications for the six bus franchises under them between January and September last year.

 

As bus services are closely related to people's livelihoods, the applications will be handled in a prudent manner, taking into account the bus operators' financial situation and prospects, public acceptability and affordability, as well as the quality and quantity of the bus services provided, the statement pointed out.

 

The Government will play the gatekeeper role and recommend lowering the rate of increase or even reject the application if the proposed rate of increase of an individual application is considered to be excessive after the assessment, it added.

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