TAMIL NADU- Bus Fare Hike and World Bank

TAMIL NADU Bus Fare Hike and World Bank TRUE to its real intentions, the state-run Pallavan Transport Corporation (PTC) has chosen All Fools Day 1985 to implement its increased bus fares on 2.7 million commuters in Madras city. With this revision, the minimum fare will go up from its present 30 paise to 40 paise, travel upto 10 kms will be costlier by 10 paise, from 10 to 12 kms by 15 paise, and beyond 12 kms by 20 paise. The present hike, according to PTC, will provide it with an additional revenue of Rs 5 crore per year. But informed independent sources estimate the possible additional revenue to PTC as Rs 10 crore. This is the third time PTC has increased its fares within the last ten years. In May 1976, the average fare went up by 22 per cent and in November 1980 by another 30 per cent.