New distance-based fare system will see public transport fares to go down by 2.5% from Jul 3

Bus and train fares will be reduced by 2.5 per cent from July 3 when the Public Transport Council (PTC) introduces a new distance-based fare system.

Summary on the changes

• Fares will be reduced by 2.5% from 3 July 2010
• The 15-month fare discount of 3% will end on 2 July 2010
• No more transfer rebates

For more information on the distance fares, please refer to the Public Transport Council website (http://www.ptc.gov.sg) and click on the red "Fare revision" tab on the front page.

An interesting study by the PTC titled "Instituting Fare Regulation" reveals a rather bemusing fact.

Believe it or not, PTC claims the real monthly expenditure on transport actually drop for the past few years.

Public transport fares to go down by 2.5% from Jul 3 [via]