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05/12/2014
Rail Fares To Increase By 2.2%
Rail fare prices are to increase by 2.2% next year.
The rise is to come into effect on 2 January 2015, the Rail Delivery Group has confirmed.
The industry figure covers all fares, not just Season tickets and other regulated fares, which will rise by 2.5% as confirmed in Wednesday's Autumn Statement.
Michael Roberts, Director General of the Rail Delivery Group, said: "Money from fares goes towards running and maintaining the railway.This benefits not just passengers and businesses but communities across the country, by improving journeys, creating employment and helping to boost the economy.
"Over the next five years, Network Rail is spending on average £27m a day on a better railway, alongside commitments made by train companies to improve services. That will mean more seats, better stations and improved journeys.
"For every pound spent on fares, 97p goes on track, train, staff and other costs while 3p goes in profits earned by train companies for running services on Europe's fastest growing railway."
(CD/JP)
The rise is to come into effect on 2 January 2015, the Rail Delivery Group has confirmed.
The industry figure covers all fares, not just Season tickets and other regulated fares, which will rise by 2.5% as confirmed in Wednesday's Autumn Statement.
Michael Roberts, Director General of the Rail Delivery Group, said: "Money from fares goes towards running and maintaining the railway.This benefits not just passengers and businesses but communities across the country, by improving journeys, creating employment and helping to boost the economy.
"Over the next five years, Network Rail is spending on average £27m a day on a better railway, alongside commitments made by train companies to improve services. That will mean more seats, better stations and improved journeys.
"For every pound spent on fares, 97p goes on track, train, staff and other costs while 3p goes in profits earned by train companies for running services on Europe's fastest growing railway."
(CD/JP)
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