How the maths calculator goes on this ?
I am confused
S$1.1b bus package is subsidy for commuters, not operators: DPM Tharman
Updated 06:06 PM Mar 01, 2012
He added that if operators had to do it on their own, their fare revenues would have had to go up, by about 12 to 13 per cent. And this translates into an increase in passenger fares, of about 15 cents per journey.
Mr Tharman said: "How much is 12-13 per cent? In the last five years, since 2006, fares went by 0.3 per cent, so 12-13 per cent is quite a significant leap compared to what we have seen in the last five years. That would have been the only way for us to achieve the service levels improvements if the government has not stepped in.