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Bus, train fares set to rise at next review, but passengers likely to be shielded from full impact
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The new formula could result in a fare increase of some 20 per cent when the next adjustment kicks.
PHOTO: ST FILE
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SINGAPORE - In its latest review of the public transport fare formula, take into account inflation, wages and energy costs.
Two other components have been tweaked marginally. One, a productivity component of minus 0.1 per cent. This is to nudge transport operators to be more productive, because the theory is that if they can attain a productivity gain of, say, 1 per cent, they get to keep 0.9 per cent of that.
