Beijing to Raise Bus, Subway Fares
Dec. 26, 1995
BEIJING (AP) _ Commuters in the Chinese capital will pay up to five times more to ride buses and subways beginning Monday, the official Xinhua News Agency reported Tuesday.
Fares on city buses will jump to about 6 cents. Currently, the fares vary according to distance, starting at about 1 cent.
Subway fares will go up Jan. 1 from the current 6 cents to about 25 cents. The prices of monthly subway and bus passes will double.
Similar fare hikes already have been announced for China's largest city, Shanghai.
``Raising of the fares will not affect people's living standards too much,'' an unidentified official at the Municipal Price Control Office said. The average worker's monthly income is about $42, though many take home more with benefits, subsidies and bonuses.
The official said the government will subsidize monthly passes for civil employees and retirees.
The fare hike is to help the money-losing bus and subway companies renovate aging facilities and improve service, the report said.
About 4,400 buses transport 8.5 million people daily in Beijing. The two-line, 25-mile subway carries 1.5 million passengers daily. Beijing has a permanent population of more than 10 million, as well as 3 million temporary residents.