It is important for our public transport system to be financially sustainable. The public transport system is funded by both Government subsidies and commuter fares. Neither can be raised beyond the ability of taxpayers to bear nor commuters to pay. Operators have to be incentivised to be efficient and to make productivity improvements to generate viable revenue streams, rather than to rely solely on fare increases and subsidies to cover increases in operating costs.
PTC conducts a Fare Review Exercise annually to ensure that fare adjustments will not overburden commuters, while taking into account adjustments to costs. It is guided by a fare formula which protects the interests of commuters by capping the fare adjustment, rather than allowing operators to pass on full operating costs to be borne by commuters.
Learn more about the Fare Regulation Framework.
