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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| Format: | text |
| Language: | English |
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Institutional Knowledge at Singapore Management University
2005
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| 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 |