Bus and train fares to rise by 7% from December 28

This will boost the annual revenue of public transport operators by $132.5m.

The Public Transport Council (PTC) will raise bus and train fares by 7% effective 28 December, according to a media release.

Despite cost pressures from higher energy prices and local manpower wages, the PTC has granted fare concessions to certain commuter groups, increasing by $0.04 for seniors, lower wage workers, persons with disabilities (PWD) and students and $0.09 for adults per journey, according to a press release.

After the fare adjustments have become effective, adults are expected to pay about $1.48 for an average journey (10km), senior citizens and PWDs at $0.92, lower-wage workers at $1.14, students at $0.63. Fares of polytechnic and other diploma students will dip from the current $1.39 to $0.63.

In addition, PTC will extend student concessionary fare to polytechnic and other diploma students where they are said to have savings in card fares of up to $1.54 per journey. It also plans to SBS Transit and SMRT to contribute about $3.89m ($1.88m and $2.01m, respectively)
to the Public Transport Fund for lower-income households.

Bus and rail fares in Singapore are one of the most affordable in the world, with senior citizens enjoying the third cheapest fares in the world; adult fares at second cheapest and student fares as the world’s most affordable, the release added.

According to an analyst report by DBS Research, the fare adjustment translates into a $132.5m annual revenue increase for public transport operators with SBS Transit Rail and SMRT Train having $18.8m and $40.2m of annual revenue increases, respectively.

The report added that the 7% increase in fare added 3-4% to the FY2020 forecast on ComfortDelGro and will help reduce losses from Downtown Line (DTL) in the same period. 

Join Singapore Business Review community
Join Singapore Business Review community
A NOTE FROM SINGAPORE BUSINESS REVIEW

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.