SINGAPORE: PUBLIC TRANSPORT FARES LIKELY TO RISE AS GOVT SPENDS MORE ON IMPROVING STANDARDS
SINGAPORE, Commuters should see public transport service standards rising in the coming years as the government continues to invest in buses and trains, but they can also expect fares to creep up as well, The Straits Times reported.
During a debate on his ministry’s budget on Wednesday, Transport Minister Khaw Boon Wan said: The investments we are making to improve the transport system are huge.
He said his ministry’s budget is the second largest amongst the ministries, after the Defence Ministry, and ahead of the Health, National Development and Education ministries.
“Over the next five years, we will provide subsidies of about $5 billion for public bus services and $4 billion to renew our rail operating assets. Another $20 billion will be invested in infrastructure to further expand the public transport network.
”This huge cost increase has been borne by the Government and going forward commuters are likely to have to share in the cost rise, added Khaw.
“While transport fares must be affordable, we must be careful that they are not priced too cheaply, as maintaining a high-quality transport system requires resources. Cheap fares are popular, but they are not sustainable.”
Source: NAM News Network