Published on : Tuesday, December 24, 2013
The Chancellor announced in the Autumn Statement on 5 December that the average increase for regulated rail fares, including season tickets, would be 3.1%. This is in line with July’s Retail Price Index (RPI), rather than the previously planned RPI+1%. Following the change, train companies and Transport for London have been resetting their fares.
The South West Trains-Network Rail Alliance has confirmed that the average increase across all of its fares will be 3%, or an extra 13p on a single journey. This is the lowest increase in four years.
Most prices will change on 2 January. However, fares for journeys wholly within London will change on 19 January, the earliest date Transport for London is able to accommodate the new prices in its systems. Passengers can check the new London fares, including Travelcards, from 9 January.
As well as paying for the running of the day-to-day rail network, fares are helping fund a massive programme of investment. The Alliance is investing £360 million a year on maintenance, renewal of ageing infrastructure and enhancements.
Improvements for passengers on the UK’s busiest commuter network include:
· a £65 million fleet of 108 refurbished train carriages being introduced from this winter, which will provide extra capacity for around 23,000 peak time passengers every day
· the extension of platforms at over 60 stations to enable longer trains to run on key routes
· the start of a major improvement programme to renew the infrastructure at London Waterloo, the UK’s busiest station, within the next few days
· the early re-opening of one of the five platforms at the former Waterloo International terminal
· working with the Department for Transport on significant proposals to re-open the remaining four international platforms and extend platforms 1-4 at Waterloo.
Tim Shoveller, Managing Director of the South West Trains-Network Rail Alliance, said: “Over 218 million passengers rely on our rail network every year, more than double the number in 1996. We are investing fares directly in initiatives that will provide passengers with easier, more punctual, and more comfortable journeys.
“Across the rail industry, we are also working hard to get more for every pound we spend, giving government the scope to hold down fares in future years should it choose to do so.”
Source:- South West Trains
Tags: Railway News