President Benigno S. Aquino III on Thursday said fares of the Metro Railway Transit and the Light Railway Transit will be adjusted only to the level of airconditioned buses.
In an interview after he led the naming of two bulk carriers built by Hanjin Philippines, the President stressed that the cost of LRT and MRT services are still relatively lower considering the faster travel time on board light rail systems compared to buses plying traffic-congested roads.
The government will soon reduce its subsidy for the MRT and the LRT. The funds saved and revenues generated will benefit even those living outside Metro Manila.
The Department of Transportation and Communications said the much-needed fare hike will help the government improve operations and increase the capacity of the overcrowded train lines.
To get from one end of the MRT line to another currently costs P15, making the train one of the most efficient ways to travel in Metro Manila. -pna
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