Price Hike

[Philly]

CIE seek rise in bus and train fares
12/11/2006 - 10:16:23

Ticket price hikes could be on the way for commuters.

There are reports this morning that CIE is seeking a 9% increase in fares for bus and train users.

This morning's papers claim that CIE has submitted the price increase request to the Department of Transport, which will rule on it shortly.

The company wants a 6% rise in ticket costs, and a separate 3% increase as a fuel levy.

It contends that the hikes are needed to cover its increasing fuel bill - which is understood to have risen by €10m since 2003.

It also claims that it needs the increased revenue to meet additional wage costs agreed under social partnership.

If successful CIE's request would mean an extra five euro added onto a Dublin to Cork train journey, bringing the fare up to about €64, and an extra 15 cent added onto the average Dublin bus trip.

Taken from breakingnews.ie