Sunday, July 6, 2014

Transportation fares see 35% to 50% increase, contrary to government estimates

Well here is the answer to the question in the previous post. It was a lie. Egypt, instead of sending more money to the IMF, should stop wasting money on cars. Make public buses fare-free, and stop wasting precious resources on fuel for private autos.

Daily News Egypt: "In the report, the agency detailed how diesel-fuelled buses will increase fares, adding that taxi fares will be increased by 5.6%. Prime Minister Ibrahim Mehleb mentioned in a Saturday press conference that the base fare for white taxis will start at EGP 3, up from the current EGP 2.5.

Meanwhile, fares for the use of transport vehicles will increase between 2.3% to 4.7%.

Dalia Moussa, researcher at the Egyptian Centre for Economic and Social Rights (ECESR), projected that transportation fares will keep increasing. She attributed the increasing continuous increases in food and industrial products to the rise in fuel costs."

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