In a speech in Parliament earlier today (7 March), Transport Minister Khaw Boon Wan told the house that public transport fares are in the process of being reviewed by the Public Transport Council.
The 65-year-old pointed out rising operating costs, and stated that the current formula for determining public transport fares are ‘inadequate’.
“While transport fares must be affordable, we must be careful that they are not priced too cheaply as maintaining a high quality transport requires resources. Cheap fares are popular but they are just not sustainable,” said Khaw.
He further urged parliament to support the PTC recommendations of revised (read: increased) fares when they are finalised.
Over the last 5 years, public transport operating costs have increased by 60 per cent, whereas fares went down by 2 per cent.
Increase in operating costs were due to the addition of new train lines, bus services, and improving serviceability on train tracks.