In an attempt to retain voters’ confidence, Transport Minister Lui Tuck Yew today announced that he will reduce the public transport fares by up to 1.9% at the end of the year. Speaking to the media at an Land Transport Authority event today (August 3), Minister Lui Tuck Yew said that the fares reduction will be implemented on the same day as the opening of Phase 2 of Downtown Line in December.
This is the first public fares reduction in history, and Transport Minister did not explain the rationale for the reduction. It appears the Transport Minister has become a populist government leader who craft policies for short-term political gains as former Prime Minister Lee Kuan Yew has described in the past. This is also testimonial that the Singapore Government dictates the prices of public transport fares without consideration for oil prices or inflation.
The last fare revision was an increase of 2.8% only four months ago in April this year.
Transport Minister Lui Tuck Yew’s Kallang-Moulmein ward has been dissolved by the Prime Minister because of the backlash resulted from the series of train breakdowns that happened continuously every month since 2011.