07.03.2012
There will be no public transport fare adjustments this year, said Transport Minister Lui Tuck Yew.
Speaking in Parliament on Wednesday, Mr Lui said the current fare formula is due for review this year for implementation in 2013.
And while the review is ongoing, there should not be a rush to implement this year's fare adjustments.
He said this is even though the public transport operators are facing significant cost pressures, especially on their bus operations.
Minister Lui said he had discussed the matter with Public Transport Council (PTC) chairman Gerard Ee, who agreed to suspend this year's fare adjustment exercise.
Speaking in Parliament on Wednesday, Mr Lui said the current fare formula is due for review this year for implementation in 2013.
And while the review is ongoing, there should not be a rush to implement this year's fare adjustments.
He said this is even though the public transport operators are facing significant cost pressures, especially on their bus operations.
Minister Lui said he had discussed the matter with Public Transport Council (PTC) chairman Gerard Ee, who agreed to suspend this year's fare adjustment exercise.
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