The economic team of the Cabinet nodded for the proposed fare increase in Metro Rail Transit (MRT) and Light Rail Transit (LRT) but still mum about the adjusted rate.
According to Presidential Development and Strategic Planning Secretary Ricky Carandang, the approval was “in principle”. Instead of revealing the new fare in MRT and LRT, he just mentioned that it will be “slight”, “won’t be much”, and “reasonable”.
The announcement of the adjusted fare in MRT and LRT is expected to come from Department of Transportation and Communications Secretary Jose Ping de Jesus.
Public consultation will be held before pushing any implementation forward.
As of now, the highest train fare is P15–significantly lower than the actual cost of about P48.
[via Sun Star]