Lui Tuck Yew: Public transport is ‘heavily subsidized’ by the government
Posted by temasektimes on September 12, 2012
Responding to a question by PAP MP Gan Thiam Poh in parliament yesterday, Mr Lui explained that public transport operators bear the operational costs of running the system and these costs are recovered largely from fares while the government bears the cost of infrastructural development, including capital-intensive infrastructure such as MRT tunnels and bus interchanges.
“Such funding represents a significant subsidy to the public transport system and has helped ensure fares remain affordable,” he added.
Mr Lui also highlighted financial aid to help low-income Singaporeans cope with fare increases.
“The government has also provided targeted financial aid to low-income Singaporeans over the years, to help mitigate the impact of fare increases,” said Mr Lui. “In the last five years, more than 10 million dollars of such aid was disbursed.”