The basic bus fare in greater Tel Aviv will rise 3.4% to NIS 6.
The Ministry of Transport today announced that public transport fares will rise by an average of 3% on Saturday, New Year's Eve. Public transport fares are updated twice a year, in July and January, based on the Consumer Price Index (CPI). Fares were not changed in July because inflation was low.
The basic bus fare (code 1) in greater Tel Aviv will rise 3.4% to NIS 6. The basic bus fare will rise 3.2% to NIS 6.40 in Haifa and Jerusalem, and 2.5% to NIS 4.10 in Beersheva. Basic monthly bus passes will also rise, by 3.3%, to NIS 222 in greater Tel Aviv and to NIS 252 in Jerusalem and Haifa.
Although train fares are also updated according to the mechanism, the fare hike has been postponed, apparently to February, because of planned changes in the train fares policy by the Ministry of Transport.
Published by Globes [online], Israel business news - www.globes-online.com - on December 29, 2010
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