COMMUTERS TO BENEFIT FROM FARE FREEZE

COMMUTERS TO BENEFIT FROM FARE FREEZE

COMMUTERS will dodge an annual public transport fee hike, after the state government announced it will freeze fares across Queensland in 2015.

The decision to scrap the 2.5 per cent increase due this month combined with last year's fare cut is expected to save passengers hundreds of dollars a year.

A regular weekday passenger travelling to work from the Gold Coast to Brisbane will save $433 annually.

Transport Minister Scott Emerson says the carbon tax savings reinvested into public transport will ensure fares are kept as low as possible.

"This year's fare freeze, on top of last year's five per cent fare reduction, is part of our strong plan to improve the frequency, reliability and affordability of the public transport network," Emerson says.

"In regional Queensland, a regular weekday passenger in Townsville, for example, travelling four zones from Stockland Shopping Centre to Townsville City will save up to $176 a year."

Get our daily business news

Sign up to our free email news updates.

 
Four time-saving tips for automating your investment portfolio
Partner Content
In today's fast-paced investment landscape, time is a valuable commodity. Fortunately, w...
Etoro
Advertisement

Related Stories

Nick Scali shares reach all-time high following UK expansion plans

Nick Scali shares reach all-time high following UK expansion plans

Nick Scali’s (ASX: NCK) plans to expand into the UK have...

Super Retail Group to face court over allegations of undisclosed exec relationship, bullying

Super Retail Group to face court over allegations of undisclosed exec relationship, bullying

The board of Super Retail Group (ASX: SUL) has announced today that...

Aussie-founded sleep device giant ResMed sees profit lift 29pc

Aussie-founded sleep device giant ResMed sees profit lift 29pc

Shareholders backing Australian-founded, California-based sleep med...

“Difficult decision”: Atlassian co-CEO Scott Farquhar to step down

“Difficult decision”: Atlassian co-CEO Scott Farquhar to step down

After 23 years as co-CEO of Sydney-headquartered software giant Atl...