YANGON: Public bus fares on the Yangon Bus Service (YBS) routes, the main public bus network in Yangon, will increase from Sept. 1 to address rising costs of vehicle spare parts and maintenance, the state-owned daily The Global New Light of Myanmar reported Saturday (Aug 15).
The announcement was made by the Yangon Region Transport Supervisory Committee (YRTC) at a press conference on Friday.
Under the new fare structure, the current fare of 200 kyats (about US$0.09) for downtown routes will increase to 300 kyats, while the current fare of 400 kyats for suburban and outlying routes will rise to 600 kyats, the report said, citing the YRTC.
The YRTC said the fare increase was necessary due to rising costs of vehicle spare parts and maintenance, which have created an imbalance between operators' income and expenses.
The YRTC said it would continue efforts to increase the number of buses in service to meet growing passenger demand and reduce congestion. - Xinhua
