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25/07/2012
CIÉ Fare Hikes 'Cannot Be Ruled Out'
The Minister for Transport has said that he cannot rule out increases in fares on CIÉ buses and trains.
The company was given a €36m cash injection last night in a bid to avoid service cuts.
But Leo Varadkarhas told RTE the price of fares may still go up.
He said there were no immediate plans for price hikes and there was a need to be sensitive, but he could not completely rule them out.
Fares went up this year already and there were increases planned for next year and the year after.
The minister said there was some evidence that higher fares lead to a reduction in the number of people travelling.
Mr Varadkar said the monopoly contracts for Bus Éireann and Dublin Bus were up for renewal in 2015, and the Government would be considering opening up some of the routes to the private sector.
(NE)
The company was given a €36m cash injection last night in a bid to avoid service cuts.
But Leo Varadkarhas told RTE the price of fares may still go up.
He said there were no immediate plans for price hikes and there was a need to be sensitive, but he could not completely rule them out.
Fares went up this year already and there were increases planned for next year and the year after.
The minister said there was some evidence that higher fares lead to a reduction in the number of people travelling.
Mr Varadkar said the monopoly contracts for Bus Éireann and Dublin Bus were up for renewal in 2015, and the Government would be considering opening up some of the routes to the private sector.
(NE)
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