2017 Fare Review Exercise
The Public Transport Council (PTC) has commenced the 2017 Fare Review Exercise. Train operators may submit their fare applications to PTC for consideration by 29 September 2017.
2. For the 2017 Fare Review Exercise, PTC will be guided by the existing fare adjustment formula, which is valid until the end of the 2017 Fare Review Exercise. Based on the fare adjustment formula, the fare adjustment quantum for the 2017 Fare Review Exercise is -3.9%. With the carry-over quantum of -1.5% from the 2016 Fare Review Exercise, the fare adjustment quantum to be considered for this year’s exercise is -5.4%.
3. PTC will announce its decision on the fare adjustment quantum in the last quarter of 2017. PTC will strike a balance between keeping our public transport fares affordable and ensuring the long-term viability of the public transport system.