LRT fares may go up by P7
Light Rail Manila Corp. (LRMC), the private sector operator of the Light Rail Transit Line 1 (LRT-1), is seeking a fare hike of P5 to P7 by August this year.
LRMC president Juan F. Alfonso said the proposed fare increase is subject to public consultation and approval by the Light Rail Transpprt Authority.
He said the fare adjustment would allow LRMC to recoup the investments that LRMC made for the rehabilitation and service improvements in the LRT 1 for the past three years.
Alfonso said that since assuming operations and maintenance of LRT-1 in September 2015, LRMC has already invested P7.5 billion towards the improvement of operational efficiencies and customer experience on LRT-1.
“We have significantly increased the number of trains and trips, reduced queueing time and travel time, as well as improved the safety, security and cleanliness of the
LRT-1 had a fleet of 109 cars as of the end of March and expects this to increase to 121 cary yearend.
The increased number of train cars has resulted in the 9.7 percent increase in average daily trips from 505 to 554 trips daily.
Average daily ridership was 459,400 in the first quarter or four percent higher than the previous year.
Once approved, the fare from Roosvelt Station in Quezon City to Baclaran in Pasay will increase to P35 or P37 from the current P30.
Under its concession agreement, the operator could increase fares every two years.