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MRT-3 wants fare hike, too
After the Light Rail Transit fare adjustment, commuters riding the Metro Rail Transit line may have to shell out additional pesos in their daily fare expenses soon after the Management re-filed its petition for a fare increase on Monday, 3 July. Based on the petition, the minimum fare, if approved, will increase to about P16 from the current P13, while the maximum fare will increase to roughly P34 from the current P28. According to Transportation Undersecretary Cesar Chavez, the fare adjustment will allow operators to improve the services, amenities, and technical capacities of the train lines. “Let's make the rail system sustainable to build more and to serve more. The DOTr will remain open and ready to dialogue with legislators and various sectors for this matter,” he said. “This approved fare increase is also on the right side of the future of the rail system. The government must respect the agreement it entered into with the private sector, and the government must also be sensitive to the welfare of the people in the long-term impact on the sustainability of the rail system,” he added. Chavez also noted that it would take the Department of Transportation Rail Regulatory Unit about two months to process the petition. It can be recalled that MRT-3’s fare hike petition was deferred due to “infirmities in complying with the requirements and procedure.” Like the LRT-1 and LRT-2, no fare adjustment was approved for the MRT-3 for the last eight years. Last month, no less than President Ferdinand R. Marcos Jr. approved the implementation of the fare adjustment for LRT Lines 1 and 2. In approving the fare hike implementation, Marcos reportedly cited the improving employment figures and easing headline inflation rates, which he said would allow passengers to cope with the fare increase. The LRT-1 and LRT-2 minimum boarding fees increased to P13.29 from P11, plus an additional P1.21 per kilometer traveled from P1/km. The adjustments were supposed to be implemented sooner but Marcos previously appealed to the DoTr to defer the fare adjustment until it fully reassessed its economic impact on the riding public. The post MRT-3 wants fare hike, too appeared first on Daily Tribune......»»
Mt. Apo as geological monument hurdles City Council 2nd reading
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BPI to sell its entire 15% GoTyme Bank stake back to the Gokongweis
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Senate concurrence needed to revoke SMNI franchise’
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ADB approves USD 100 mln loan to support small and medium-sized enterprises in Sri Lanka
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House revokes SMNI franchise on final reading
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Philippines to repatriate Filipinos from crisis-hit Haiti
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DFNN plans to raise P450-M through private placements
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A blood test for colon cancer screening coming soo
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Cebu Landmasters FOO approved by the PSE
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Capitation rate for PhilHealth s Konsulta package raised; new screening services added
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