Published:
The fares on the bus go up and up: Revenue predicted to surge 43% in 2018
On back of higher ridership forecasts.
According to Maybank Kim Eng, combining its ridership and fare revision forecasts, it expects fare revenue for the sector to be 43% higher in 2018.
Here's more:
The Public Transport Council (PTC) is expected to announce their decision on a fare adjustment in 1Q2014. With an estimated 8% of accumulated fare revision not implemented in 2012/13, we expect significant fare hikes of 5% p.a. over the next three years, before reverting to a more normalized annual rise of 2.7%.
Coupled with our long-term ridership forecasts of 2.3% p.a., we expect sector revenue to be 43% higher in 2018.
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