A review of the formula and mechanism for adjusting public transport fares is under way, with the process likely to be completed by the first half of next year.
The Public Transport Council PTC has begun a review of the public transport fare adjustment formula and mechanism. The council said in a news release on Monday that such reviews are usually done once every five years and that they aim to complete the review by the first half of 2023 and apply the results of the review from the 2023 fare review exercise. The effectiveness of the current fare adjustment formula and mechanism will be examined during the review, taking into account changes in the public transport industry and commuting patterns.
The council will propose ways to keep public transport fares affordable while maintaining the financial sustainability of the public transport system it said.
The council will engage key stakeholders, including commuters, public transport operators, the labour movement and transport experts, in the course of the review.
PTC said that the current fare adjustment formula and mechanism will be applied to the 2022 fare review exercise.