LRMC has augmented running coaches by 50 percent, resulting in the significant reduction in travel time from six minutes to three minutes.
Bad news for Light Rail Transit riders: LRT operators want an increase in the minimum fare.
Juan Alfonso, president and CEO of Light Rail Manila Corporation (LRMC), revealed in a forum in Manila that LRT is asking for fare increase from P5 and P7.
The current minimum fare at LRT is P20.
LRT had already petitioned for minimum fare increase in 2015 but the request was denied. Last month, the LRMC applied for a fare hike anew, citing the inflation rate and the effect of shrinking peso in buying imported spare parts for the trains.
Regulators have set a public hearing on July 11 at the LRMC’s main office on Santolan Road.
At present, the government has been subsidizing the LRMC an amount of P100 million each quarter to make up for the P5 to P7 increase the operators have been batting for.
Chua said the LRMC had invested some P10 billion for its improvement and they have to pay their creditors and its shareholders.
Part of the improvement made by the LRMC in the current line was the augmentation of running coaches by 50 percent, resulting in the significant reduction in travel time from six minutes to three minutes.
Alfonso said the first LRT is now at 35 years old and more improvement is scheduled for the repairs.
About 500,000 commuters are being served by the company daily.