Calculation and Source of Funding for Subsidy to Cover Costs from Deferred 9.4% Increase in Public Transport Fares

Mr Chua Kheng Wee Louis asked the Acting Minister for Transport in relation to the further additional subsidy of more than $200 million for 2026 to cover the deferred 9.4% fare adjustment quantum for public transportation (a) how was the subsidy quantum derived by the Ministry; and (b) what is the source of such funding.

Mr Jeffrey Siow: The $200 million amount is an estimate based on projected public transport revenue for 2026 and the deferred fare quantum of 9.4%. This will be drawn from the Consolidated Fund.