Everyone in the Klang Valley who depend on the LRT and Monorail to commute to work may have to tighten their budget further now that the LRT and Monorail fares are slated to increase in 2014.
According to Land Public Transport Commission (SPAD) chairman, Tan Sri Syed Hamid Albar, the LRT rates have not increased in the past decade and is due to increase next year. The Malay Mail has also reported that the fares for the KTM services will also be reviewed.
Albar says that they will take into account several factors to ensure that the price hike will not burden the people. “It has to be a win-win situation between the affordability to the people and the sustainability of the rail industry,” he said.
He added that the commission will help monitor operation and maintenance of all rail operators, including cost components and harmonizing the industry operation and maintenance cost.
“We are aware the increase of fuel and energy cost could cause a negative impact with low ridership and reduced public transport market share,” he said. “The rail operators would be affected as there could be a reduction in quality and service performance which will affect punctuality, reliability and maintainability.”
Do you commute to daily with the LRT and Monorail? Share your thoughts with us on the planned price hike.