No Fare Increase for SBS Transit in July 2004
In response to a media query on whether we plan to apply for a fare increase, our response is that we are not planning to make any application for a fare increase for July this year.
We have decided to do this taking into consideration that the economy is just picking up and the savings that we have been able to achieve from cost cutting measures last year and this year.
We will do our utmost to keep the travel costs reasonable and help commuters during this period by increasing operational efficiency and keeping our cost down.
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