LRT seeks P5 fare hike
Light Rail Manila Corp., operator of the Light Rail Transit Line , is seeking a P5 increase in its fare to help fund the construction of the Cavite extension line.
If the fare hike is approved, the average fare will be P25, or just about the same as a bus fare, and much lower than,` taxi and transport network company (TNC) fares, “without traffic”, said LRMC president Juan Alfonso.
Alfonso said the P5 fare increase would help augment LRMC?s funds to cover the construction of the P30 billion Cavite extension line which will allow travel from Baclaran to Sucat for only 15 minutes; to Las Pinas, 20 minutes; and to Bacoor, 30 minutes.
“We can virtually guarantee these travel times because we are traffic free. And we are investing P5 for every P1 revenue to ensure that LRT-1 is efficient, trouble free, and also clean. Today, trains come every 3.5 minutes, down from 5 minutes when LRMC took over operations and maintenance in 2015,? he said.
Alfonso cited a study conducted by the Japan International Cooperation Agency which said traffic cost in the Philippines had surged to P3.5 billion a day in 2017.
?If we do nothing, it will become P5.4 billion a day in 2034, but by accelerating infrastructure projects, it can be reduced to P3 billion a day. And with projects like the Cavite Extension, this can be further reduced to P2.4 billion a day,? Alfonso said,.
Once built, the extension will stretch LRT1 by over 33 kilometers, from Roosevelt in Quezon City to Niog, Bacoor in Cavite City.
Travel time from Bacoor to Central Station in Manila will be down to 45 minutes, and to Roosevelt Station in one hour and 10minutes, even during rush hours, he said.
Under its concession agreement with the government, fares should be adjusted every two years.