26/07/2012

New Public Transport Price Hike Planned

Fares for public transport are to rise again by as much as 6% across the board, according to the Irish Independent newspaper.

It comes after the Government decided to increase its subvention to CIE by €36m this year.

The company has applied to the National Transport Authority for a 6% increase across services provided by Iarnrod Eireann, Dublin Bus and Bus Eireann.

And a CIE spokesperson said last night that the timing and amount of the increase are to be decided by the NTA.

This latest price hike comes on top of rail fare increases of up to 13% and a slump in the numbers of commuters using public transport.

Transport Minister Leo Varadkar said yesterday there were no immediate plans to implement the price increases planned for 2013 and 2014, but said there was a need to be sensitive, as some evidence suggested that higher fares led to a reduction in the number of people travelling.

A massive drop in passenger numbers on bus and rail services is a key reason for the perilous financial position of the CIE group of companies.

(NE)

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