MANILA - The operator of LRT-1 said Thursday it asked the government for a P300-million subsidy to offset a planned fare hike in the capital's oldest elevated railway.
Light Rail Manila Corp plans to increase fares by as much as 5 percent this year, which would raise the maximum cost per single journey to P31.50 from P30.
"Yung P300 million ipapasa mo ba sa riders yan o aabsorbin na as subsidy ng government? We have suggested, i-subsidize na lang," Light Rail Manila Corp President Rogelio Singson said.
(Will we pass on the P300 million to the riders or will government subsidize it? We have suggested that it be subsidized.)
Singson said LRMC's parent, Metro Pacific Investments Corp, has proposed to the government that it be allowed to take over the operations and maintenance of MRT-3.-- from a report by Jacque Manabat, ABS-CBN News