Media Kit » Try RailPrime™ Today! »
Progressive Railroading
Newsletter Sign Up
Stay updated on news, articles and information for the rail industry



This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.




railPrime
View Current Digital Issue »


RAIL EMPLOYMENT & NOTICES



Rail News Home Passenger Rail

6/15/2012



Rail News: Passenger Rail

BART's FY2013 budget includes slight fare increases


advertisement

Yesterday, Bay Area Rapid Transit’s (BART) board adopted a fiscal-year 2013 budget that includes funds for new rail cars, expanded rail service on the Daly City-to-Richmond Line, and escalator/elevator maintenance and repairs, as well as a 1.4 percent fare increase.

The fare hike, which will take effect July 1, is expected to generate $4.8 million to contribute to the agency’s “overall financial health,” BART officials said in a prepared statement. The increase will be the last in the current program to raise fares on regular basis according to the rate of inflation minus one-half percent, they said.

Many riders, including those who pay the minimum fare of $1.75, will not pay higher fares. The maximum increase riders will pay is an additional 15 cents.

In FY2013, BART officials will use $45 million in operating funds toward the $3.2 billion new rail-car project, an additional $2.4 million to pay for new seats and new floors in existing cars, and about $600,000 to pay for an extra hour of train service on the Daly City-to-Richmond Line, BART officials said.

The budget also includes $1 million in material costs for the escalator/elevator division, which has hired outside contractors in recent weeks to address a high number of escalator outages. The FY2012 budget added eight new positions to BART’s existing 41-staff team in the division.