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ECONOMY | 13-11-2018 10:33

BA 'subte' fare increase for second time in 2018

In August, a standard fare jumped 67 percent after months of delays caused by a court injunction.

Public transport fares in Buenos Aires City continue to rise. From today (Tuesday), a standard fare on the subte underground service will cost 13.50 pesos (US$ 0.38).

The increase is in line with City Hall's plans to increase fares by one peso per month until February, 2019, when a standard ticket will reach 16.50 pesos (US$ 0.47).

"This fare update responds to several factors like the variation in the technical fare -which reflects the cost of the service- and the need to balance the prices of multiple forms of public transport, contributing to government policy to reduce subsidies", the service's operator Subterráneos de Buenos Aires (SBASE) said in a statement. SBASE is a public firm, which is owned by City Hall.

In February, the City's Transport Ministry launched Red SUBE, a multimodal ticket that integrates buses, trains, and the “subte”. With this, up to five different transit combinations can be made in the span of two hours. The system reduces fares by 50 percent on the second ride, and 75 percent on the third and subsequent rides within the two-hour window.

"This benefit can be accumulated through the Red Sube model", SBASE emphasised in its statement.

Tuesday's price hike is the second so far this year for subte underground service fares. In August, a standard fare jumped 67 percent after months of delays caused by a court injunction.

-TIMES

 

 

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