Public Transport Council starts review of fare formula

Singapore

THE Public Transport Council (PTC) has started a review of the formula through which bus and train fares are adjusted annually.

Announcing this on Wednesday, the council said it will "focus on maintaining a good balance in keeping public transport fares affordable while ensuring the financial viability of the public transport system".

The PTC said it targets to complete the review by the first quarter of 2018, and apply the new formula starting from that year's fare review exercise.

Citing its terms of reference, the PTC said it shall "review the effectiveness of the current fare adjustment formula and mechanism, and propose improvements in consideration of the changes to the public transport indu…