The Public Transport Council is already holding the view that bus and train fares could go up by 7 per cent, even before it has started its annual fare review (Bus, train fares could rise by up to 7% next year, Sept 4).
I do not oppose a fare increase as I accept that we need to pay for an efficient public transport system. However, the current business model is flawed and untenable.
Commuters have been told that fare increases are necessary to maintain an efficient public transport system.
But all profits made by transport companies go to their shareholders, who include banks and investment funds. Nothing goes back to ordinary Singaporeans.
A review and restructuring of the business model for public transport companies is required. We need a system where there is greater equity. Commuters will be more willing to bear any fare increase if profits are returned to them.
Patrick Tan Siong Kuan