The New South Wales Independent Pricing and Regulatory Tribunal (IPART) has released its final determination on bus fares for the
The New South Wales Independent Pricing and Regulatory Tribunal (IPART) has released its final determination on bus fares for the four years from 2010 to 2013.
On January 3, 2010, fares will rise on average by 3.4 percent. Fares will rise by a total of 6 percent plus inflation over the four year period.
The fare rises cover 25 bus contract regions for Sydney metropolitan and outer metropolitan including Blue Mountains, Newcastle and Wollongong.
Under IPART’s determination, bus fares will increase by slightly more than the rate of inflation in each of the coming four years, allowing the State Government to recover around half of its total costs in providing contracted bus services over the period, which is similar to its current level of cost recovery.
The final determination is largely unchanged from IPART’s draft determination released in October this year.
Some fares increase by less than what IPART proposed under the draft determination.
More specifically the price of:
- Single trip tickets will increase by between 10 and 20 cents on January 3, 2010 and by up to 20 cents in January of each year over the subsequent three years (depending on the length of the journey).
- TravelTen, Private Bus Weekly and T-WayTen1 tickets will increase by between 40 cents and $1.60 on January 3, 2010 (depending on the length of the journey). Over the subsequent three years, most of these tickets will increase by between 80 cents and $1.60 in January of each year.
- Weekly TravelPasses will increase by between $1.00 and $2.00 on January 3, 2010 and by between $1.00 and $2.00 in January of each year over the subsequent three years.
- Time-based fares in Newcastle will increase by between 10 and 30 cents on January 3, 2010 and by between 10 and 40 cents in January of each year over the subsequent three years (depending on the length of time the ticket applies).
- TimeTen tickets in Newcastle will increase by 70 cents on January 3, 2010 and by between 90 cents and $1.00 in January of each year over the subsequent three years.