Fare review exercise pegs adjustment allowance to -5.7%

Results will be announced in the last quarter of 2016.

Singapore’s Public Transport Council (PTC) has kickstarted the 2016 Fare Review Exercise with an initial guidance to follow the maximum fare adjustment quantum of -5.7%.

According to PTC’s release, it will base its review on the existing fare adjustment formula that is valid until the end of 2017.

“Train operators may submit fare adjustment applications to the PTC for consideration by 7 October 2016. With the transition of the public bus industry to the bus contracting model, bus operators will not be required to apply to the PTC for approval of fares,” PTC said.

The council will announce its decision on the fare adjustment quantum towards the end of the year. It said it will ensure that fares strike a balance between ensuring financial sustainability for the public transport system and keeping fares affordable for commuters.