The Land Transportation Franchising and Regulatory Board has approved proposed fare hikes for both the LRT-1 and the LRT-2.
In a report on GMA News, the LTFRB okayed an additional boarding fare of P2.29 and distance fare of 21 centavos for every kilometer on both LRT lines.
Once approved, the boarding fare will go up to P13.29 while the distance fare will increase to P1.21 per kilometer for both lines
“Wr agree with the P2 increase. We also checked on the needs of the riding public,” LTFRB Chairperson Teofilo Guadiz III said.
Transportation Secretary Jaime Bautista needs to approve the fare increases for them to take effect, Guadiz said.
“We are just one of the ten signatories. The final go-signal will come from the Secretary of the Department of Transportation,” Guadiz said.
Aside from the DOTr, approval is needed from several board members, including the Department of Finance, Department of Budget and Management, National Economic and Development Authority, and Department of Public Works and Highways.
Once approved, the boarding fare will become P13.29, while the distance fare will increase to P1.21 per kilometer both in LRT-1 and LRT-2.
Credit belongs to : www.manilastandard.net