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Bus operators to get subsidy

SUVA, Fiji (Fijilive, July 10, 2008) – The travelling public can be rest assured that there will be no increase in bus fares.

This follows a meeting between the interim Government and the Fiji Bus Operators Association (FBOA).

Interim Attorney General Aiyaz Sayed-Khaiyum announced that government has agreed on providing bus operators a direct subsidy of 21.9 per cent (VEP).

This is to be administered by Fiji Islands Revenue and Customs Authority (FIRCA).

Sayed-Khaiyum said the public will not be burdened with any increase in actual bus fares, as a result of this direct subsidy to be provided by Government.

"It will be based on monthly revenue reported by each bus operator to FIRCA, which is to be subsequently reviewed after 3 months or upon movement in fuel retail price(VEP) of more than 10 per cent (either increase or decrease), whichever is the earlier.

"This is to be formalized at the next cabinet meeting," he said.

Also Government will bring it to the attention of FIRCA to expedite the processing and payment of the subsidies when the monthly revenues are reported by the bus operators, said Sayed-Khaiyum.

The association will recommence providing concessions that were previously available to special groups such as senior or retired citizens and welfare recipients.

He added that the Bus Operators Association will not withdraw or suspend bus operations on any route.


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