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12/29/2009



Rail News: Passenger Rail

PATCO postpones fare hike, proposes 2010 budget


While other transit agencies are set to implement fare increases in 2010, the Port Authority Transit Corp. (PATCO) is holding off its planned fare hike until the following year. Yesterday, PATCO announced its board of commissioners approved a plan to postpone a 10 percent fare increase that was scheduled to take effect in September 2010 until January 2011.

“During this time of economic hardship, it is our hope to reduce the burden on PATCO customers,” said Chairman John Estey in a prepared statement.

Meanwhile, the Delaware River Port Authority, which owns and operates PATCO, earlier this month proposed a 2010 operating budget that calls for increasing spending by 1.22 percent.

The authority also proposed a $142 million capital budget that would include dollars for PATCO infrastructure repairs and upgrades, and rail-car rebuilds. PATCO provides commuter-rail service between Philadelphia and Lindenwold, N.J.


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