asked the Minister for Transport and Power the approximate amount by which the annual subvention to CIE must be increased in a full financial year to re-imburse the board for the shortfall in operating revenue which will ensue as a result of the Government's decision to permit an increase of 20 per cent in fares, rates and charges instead of the rise of 33? per cent approximately which the NPC found to be necessary to comply with the Government's directive that the subvention should not be increased above the existing level.
Ceisteanna—Questions. Oral Answers. - CIE Fares Increase.
32.
As indicated in the statement issued on 8th July, 1974, the decision by the Government to restrict the proposed increases in Dublin city bus and suburban rail fares and provincial city and town bus fares, to 20 per cent will, it is estimated, cost the CIE some £1.5 million in a full year. The question of what additional subvention will be necessary for CIE will be determined at a later date in the light of CIE's general financial position.