DOTr approval of LRT1 fare hike still hangs | Inquirer News
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DOTr approval of LRT1 fare hike still hangs

/ 05:25 AM August 02, 2018

Plans to increase fares for Line 1 of the Light Rail Transit (LRT 1) might not push through this August as the Department of Transportation (DOTr) has yet to conduct a public hearing on the matter.

Transportation Secretary Arthur Tugade on Wednesday said his agency had yet to approve Light Rail Management Corp.’s (LRMC) petition for a P5 to P7 fare increase.

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“[We] haven’t agreed to it yet (because there must be) a consultation first,” Tugade said in a press conference.

The LRMC filed a fare hike petition in March, citing the need to maintain the quality of its service and recoup some P8 billion in improvement costs incurred since 2014.

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Under its concession agreement with the government, LRMC will run and maintain the existing LRT 1 and construct a P65-billion, 11.7-km extension from Baclaran, Parañaque City, to Bacoor, Cavite province.

It also allows LRMC to request an automatic fare adjustment every two years. —Krixia Subingsubing

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TAGS: Fare hike, Light Rail Transit, LRT, Transportation
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