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100 DRAM FARE BRINGS SUPER PROFIT TO TRANSPORT COMPANIES - NGO
18:10 25.07.13
The Informed and Protected Consumer NGO issued a statement in response
to Yerevan Mayor Taron Margaryan's statement in favor of new fare
rates, 150 drams per passenger.
"Different economic appraisals have lately been made as a result of
the fare rise, with different ways of dealing with the problem offered.
"The Yerevan Municipality has announced its decision today, and
Armenia's Prime Minister Tigran Sargsyan called for discussing
the issues of national importance with the public and NGOs," the
statement says.
The NGO elaborates on the official reasons for the fare rise by the
Yerevan Municipality.
According to the statement, the monthly maintenance costs for one
minibus are AMD 712,000, but not the claimed AMD 807,000 (even with
all investments). Also, a 14-seater serves 8,190 passengers, but not
the claimed 5,850.
With AMD 712,000 maintenance costs, 8,190 passengers a month and 5%
monthly profit, it turns out that, even with all the investments,
AMD 100 fare means super profit. This means that transport companies
do not need any subsidies. Moreover, they can subsidize socially
vulnerable sections of the population.
http://www.tert.am/en/news/2013/07/25/pipoyan/
18:10 25.07.13
The Informed and Protected Consumer NGO issued a statement in response
to Yerevan Mayor Taron Margaryan's statement in favor of new fare
rates, 150 drams per passenger.
"Different economic appraisals have lately been made as a result of
the fare rise, with different ways of dealing with the problem offered.
"The Yerevan Municipality has announced its decision today, and
Armenia's Prime Minister Tigran Sargsyan called for discussing
the issues of national importance with the public and NGOs," the
statement says.
The NGO elaborates on the official reasons for the fare rise by the
Yerevan Municipality.
According to the statement, the monthly maintenance costs for one
minibus are AMD 712,000, but not the claimed AMD 807,000 (even with
all investments). Also, a 14-seater serves 8,190 passengers, but not
the claimed 5,850.
With AMD 712,000 maintenance costs, 8,190 passengers a month and 5%
monthly profit, it turns out that, even with all the investments,
AMD 100 fare means super profit. This means that transport companies
do not need any subsidies. Moreover, they can subsidize socially
vulnerable sections of the population.
http://www.tert.am/en/news/2013/07/25/pipoyan/