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WEDNESDAY, FEBRUARY 7,
1990
WERE ON DECEMBER 7 LAST YEAR, THE TAC IN CONSIDERING THE KMB 1990-94 FIVE YEAR RDP TOOK THE VIEW THAT THE SUB-GROUP'S RECOMMENDATIONS STILL VALID AND SHOULD BE IMPLEMENTED.
SINCE THAT TAC APPRECIATED THE CO-OPERATED WITH THE TRANSPORT DEPARTMENT IN THE ABOVE MEASURES.
FACT
KMB HAD THE MEETING, EFFECTING PROGRESSIVELY
TAC NOTED FOR A
IN CONSIDERING KMB'S FARE INCREASE APPLICATION, THE
CALL RECENT MEMBERS' AND WELCOMED THE COMPANY'S RESPONSE TO TRIMMING OF BUS DEPOTS AND LOSS MAKING ROUTES IN ORDER TO OPERATING COSTS OF THE COMPANY AND CONTROL THE EXPANSION OF ITS BASE.
IN THAT
1989,
REDUCE THE ASSET
PATRONAGE KMB'S
HAD
MONTHS COMPARED TRIPS DUE LOST TRIPS OF ROUTES FROM
NOTED FURTHER THE TAC DROPPED BY MORE THAN 10 PER CENT DURING THE FIRST 10 WITH THE PREVIOUS YEAR DUE TO SEVERAL FACTORS SUCH AS LOST
CAUSING ADDITIONAL TO DRIVER SHORTAGE; ROAD CONGESTION, AND PASSENGER DIVERSION TO RAIL MODE; AND WITHDRAWAL THE LIGHT RAIL TRANSIT SERVICE AREA.
JANUARY REVISION IN WHEN THE TAC CONSIDERED KMB'S FARE YEAR,
MEMBERS NOTED A SHORTFALL IN PERMITTED RETURN WAS PREDICTED
INCREASE WOULD THE YEAR ENDING DECEMBER 1989, AND THAT A FURTHER NECESSARY IN EARLY 1990.
LAST
FOR
BE
BY 20 PARTS
OF COST OPERATING COSTS OF KMB IN 1990 ARE FORECAST TO INCREASE PER CENT OVER 1989 DUE TO ANTICIPATED RISE IN AND FUEL, AS WELL AS SERVICE IMPROVEMENTS.
THAT AT EXISTING
WAGES,
FARES, KMB
EXPECTED MEMBERS NOTED OPERATING DEFICIT OF $10.3 MILLION IN 1990 AND $253.4 MILLION IN AFTER TAXATION, NOT COUNTING THE PERMITTED RETURN ON INVESTMENT.
AN
1991
THE RECOMMENDATIONS OF THE TAC ON BUS FARE PUT TO THE GOVERNOR IN COUNCIL IN DUE COURSE.
INCREASES
WILL BE
MEMBERS ALSO NOTED THAT THE TRANSPORT DEPARTMENT HAD STRUCTURE FARE CMB'S WHETHER EXAMINE ANOTHER REVIEW TO FURTHER RATIONALISED.
COMPLETED COULD BE
THIS IS THE THIRD RESTRUCTURING EXERCISE DEPARTMENT IN AS MANY YEARS.
BY OUT CARRIED
THE
ITS LATEST FINDINGS RE-AFFIRM CMB'S FARE STRUCTURE AND TO ADJUST THE FARES OF SOUTHERN THUS MAKING THEM MORE EQUITABLE WITH THOSE OF NORTH-SHORE ROUTES.
WITH
WHILE THE FARE SCALE PROPOSED BY CMB IS IN
RECOMMENDATIONS, THE SPIRIT OF THE REVIEW'S DEPARTMENT HAS ALSO PROPOSED A FARE STRUCTURE THAT IS
THE FARE DIFFERENTIAL IN NARROWING DOWN NORTH-SHORE ROUTES.
THE NEED TO
FURTHER SIMPLIFY BUS ROUTES,
GENERAL CONFORMITY THE TRANSPORT MORE EFFECTIVE
SOUTHERN BETWEEN
AND
/UNDER THE
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