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Rail News: Passenger Rail
7/1/2010
Rail News: Passenger Rail
SEPTA implements first fare hike in three years
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Today, the Southeastern Pennsylvania Transportation Authority (SEPTA) will implement its first fare increase in three years.
The fare hikes, which were approved as part of a $1.18 billion fiscal-year 2011 operating budget, average between 6 percent and 8 percent. The increase is expected to generate about $20.7 million in additional revenue to help cover operating expenses, SEPTA officials said in a prepared statement.
As part of the fare changes, SEPTA is eliminating off-peak periods for regional rail. Weekday rates will apply to trips taken between 4 a.m. and 7 p.m. Monday through Friday. Discounted rates will be available for trips after 7 p.m. on weekdays, and all day on Saturdays, Sundays and major holidays.
The fare hikes, which were approved as part of a $1.18 billion fiscal-year 2011 operating budget, average between 6 percent and 8 percent. The increase is expected to generate about $20.7 million in additional revenue to help cover operating expenses, SEPTA officials said in a prepared statement.
As part of the fare changes, SEPTA is eliminating off-peak periods for regional rail. Weekday rates will apply to trips taken between 4 a.m. and 7 p.m. Monday through Friday. Discounted rates will be available for trips after 7 p.m. on weekdays, and all day on Saturdays, Sundays and major holidays.
