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The Peshawar Bus Rapid Transit (BRT) is anticipated to implement a fare increase of Rs5 per stop, raising the base fare from Rs15 to Rs20.
A spokesperson cited the recent surge in electricity prices as the reason behind this adjustment, with the maximum fare for the entire BRT route expected to climb from Rs55 to Rs60.
Reports indicate that the yearly loss of BRT Peshawar has exceeded Rs6 billion, prompting considerations for various measures to mitigate losses, including raising fares.
The projected fare increase is estimated to generate an additional revenue of Rs670 million, while a Rs10 hike could potentially yield Rs1.36 billion more.
Government sources highlight that the monthly cost of electricity and diesel for BRT operations surpasses Rs200 million. The finance department is soliciting further proposals from relevant authorities to alleviate BRT losses.
Advisor to KP Chief Minister for Finance, Muzzammil Aslam, emphasized the inevitability of fare adjustments due to rising inflation. He stressed the need for minimal fare increments and directed TransPeshawar to curtail BRT expenditures, including a review of contracts with contractors.