The PTC has announced that it has started to review the public transport fare adjustment formula, to be applied in the 2023 Fare Review Exercise.
The Public Transport Council (PTC) has announced that it has started its annual fare review exercise on Wednesday 30th August.
The Public Transport Council has started review of public transport fare adjustment formula and mechanism, targeted to be completed by Q1 2018.
The current fare formula could be tweaked as early as next year, as the Government starts taking over the ownership of buses and collecting fare revenue.
SBS Transit will raise fares on 41 non-basic bus routes, including Nite Owl, Parks, Chinatown Direct and Premium services starting from 3rd August.
Public transport operators SBS Transit and SMRT have submitted their applications to raise fares, quoting the rise in costs.
The Public Transport Council announced yesterday applications for fare adjustments by transport operators are open now, till the 19th of December.