Report of the Committee on Fare Review Mechanism

Report of the Committee on Fare Review Mechanism

Today, public transport fares are reviewed annually and adjustments, if any, are capped by the “CPI + X” formula, where CPI is the change in the Consumer Price Index over the previous year and X accounts for the net effect of wage changes after deducting productivity gains. For the period from 2001...

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Bibliographic Details
Main Author: PHANG, Sock Yong
Format: text
Language:English
Published: Institutional Knowledge at Singapore Management University 2005
Subjects:
Public transport
fare review
transportation costs
Singapore
Asian Studies
Public Economics
Transportation
Online Access:https://ink.library.smu.edu.sg/soe_research/2013
https://ink.library.smu.edu.sg/context/soe_research/article/3012/viewcontent/Fare_Review_Mechanism__Feb_2005.pdf
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Institution: Singapore Management University
Language: English

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https://ink.library.smu.edu.sg/soe_research/2013
https://ink.library.smu.edu.sg/context/soe_research/article/3012/viewcontent/Fare_Review_Mechanism__Feb_2005.pdf

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