Tags: LRT fare hike

With planned MRT, LRT fare hike, public to ‘subsidize’ profits of private concessionaires – RILES Network

Citing financial statements culled from past public consultations with DOTC and train operators, RILES Network said the real cost of a single ride ticket, which already covers the maintenance and operation, is only P9.50 ($0.21). What the government has been “subsidizing” is the difference between the current fare and the P60 ($1.35) per passenger fare it guaranteed to private concessionaires.