DOTr: LRT fare hikes scheduled in August
The upward adjustments in the fares of the Light Rail Transit are set to be implemented in the coming months as the timing is already ripe given the country’s macroeconomic conditions, the Department of Transportation announced Monday.
In a statement, the DOTr said the collection date for the new rates will be on August 2, 2023 or 30 days after the new rates are set to be published in general circulation on June 19, June 26, and July 3, 2023. “We at the Department of Transportation believe that this fare adjustment will contribute to maintaining affordable mass transportation services for the two commuter-train lines,” Assistant Secretary for Railways Jorjette Aquino said.This was, however, deferred pending a thorough study of the economic impact on commuters.
“Lumalaki at sumisigla ang ating ekonomiya. Kaya’t mukhang tama ang ating ginagawa. Ipagpatuloy natin ang ginagawa natin para naman makita natin na bumalik tayo sa magandang sitwasyon ulit,” President Ferdinand “Bongbong” Marcos Jr. was quoted as saying. To recall, the last approved fare hikes for the LRT2 was implemented back in 2015. Petitions for fare adjustments in the LRT1 were filed in 2016, 2018, 2020, and 2022, but all of which were deferred.
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