Wala na kinikita: LRT1 mulls adjusting fares
Light Rail Manila Corp. (LRMC) is planning to adjust fares of the Light Rail Transit Line 1 (LRT1).
According to LRMC President and CEO Juan Alfonso, the adjustment is needed due to increase in operating expenses of the train system.
He noted that they have yet to adjust fares since the company took over in 2015.
“Interest and everything, halos wala na ho kinikita [ang LRTA]. In terms of ‘yung sa cash flow po namin, ganon po ‘yung nangyayari,” Alfonso said in a radio interview.
LRMC applied for a fare hike last March, seeking for an average P5 fare adjustment and P7 hike for end-to-end trips from Baclaran to Roosevelt.
Senator Grace Poe, however, urged transport officials to delay the fare hike or implement it in a staggered manner amid the increase in excise taxes brought about by the TRAIN law.
“For four years na ho, wala kaming rate increase… Nag-increase ho bago pa na-privatize ‘yung LRMC. Nung naging LRMC na po, wala pa po kaming fare increase,” said Alfonso.
“Ang laki ho ng interest na ginagastos habang hindi pa siya ginagamit. Kailangan namin ho ma-service ‘yung utang namin,” he added.