RILES Network believes officials of the Aquino government involved in privatizing the MRT and LRT of hastening it to collect kickbacks in time for 2016 national elections.
Tags: LRT fare hike
Since 2011, protests have held back the planned fare hike.
The LRT privatization deal has been dubbed by Bayan and commuter groups such as the RILES Network as the “great train robbery.”
“This push for a fare hike, which comes in the wake of significant increases in the prices of LPG and other petroleum products and proposals for a record-high power rate hike by Meralco, is part of the economic disaster that the Aquino government is cooking up against the majority of Filipinos,”
With planned MRT, LRT fare hike, public to ‘subsidize’ profits of private concessionaires – RILES Network
Citing financial statements culled from past public consultations with DOTC and train operators, RILES Network said the real cost of a single ride ticket, which already covers the maintenance and operation, is only P9.50 ($0.21). What the government has been “subsidizing” is the difference between the current fare and the P60 ($1.35) per passenger fare it guaranteed to private concessionaires.
If the Aquino government is willing to incur more debts to guarantee the profits of whoever will win the LRT1 project, why can’t it incur those debts for investing instead in LRT’s expansion?
By MARYA SALAMAT
The RILES Network said Aquino actually has choices for solving the LRT-1 problems, without resorting to privatization.
By ANNE MARXZE D. UMIL
Renato Reyes of Bayan said the government is heavily subsidizing the MRT and LRT because of the onerous contracts and loan guarantees it entered into with foreign banks and investors as part of a public-private partnership project.
After postponing the planned increases in LRT and MRT fares because of the widespread protest over this, the Aquino government is now hell-bent on pushing through with it. Why? Because of pressure from private investors. By Flon Faurillo (Bulatlat.com)
By MARYA SALAMAT
Mar Roxas’ proposed budget slashed by 38-percent the government subsidy on MRT for 2012—from P6.9 billion ($162.7 million) to P4.29-billion ($101.15 million), despite reports of annual increases in passenger load.
PRESS RELEASE 12 May 2011 MANILA — Labor center Kilusang Mayo Uno again slammed the Aquino government for granting a mere P22 COLA for minimum wage earners in Metro Manila and approving the proposed fare hike in the MRT and LRT train systems, saying the COLA increase will just be eaten up by the fare…