Commuters will be paying more for their train rides starting tomorrow, Wednesday, as the operators of the Light Rail Transit (LRT) Lines 1 and 2 implement the approved fare adjustments for their rail systems. Know more:
COMMUTERS will be paying more for their train rides starting tomorrow, Wednesday, as the operators of the Light Rail Transit Lines 1 and 2 implement the approved fare adjustments for their rail systems.
“Through the years, LRMC has remained committed to its mission of providing a safe, reliable, efficient, and comfortable journey for LRT 1 commuters. Despite the absence of fare adjustments in previous years, we have established major improvements in the 38-year-old railway line with the increase in trains deployed to service more commuters; improved headway or waiting time; station rehabilitation and expansion; and the construction of LRT 1 Cavite Extension Project.
The unit has said the approval for LRT 2 was based on the LRTA’s deficit for 2023, projected to be less than P8.5 billion. The government-owned corporation is operating at a loss and is relying on government subsidies for its operations and maintenance, as reflected in its financial performance in 2022 when it incurred a deficit of about P7 billion.
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