1st July 2011 Long Term Ticket Train Fares Slashed! NSW Government!!!!!

NSW to slash train fares: O'Farrell
May 30, 2011 - 8:39AM SMH


Train fares are to be slashed by up to $240 a year, the NSW government has announced.

From July 1, rail fares for regular commuters buying monthly, quarterly and yearly tickets will be slashed by nine per cent, NSW Premier Barry O'Farrell said on Monday.

Under the new fare structure, commuters travelling from Gosford to Wynyard will save $20 when they buy a monthly ticket.

Travellers from Campbelltown will save $17 on a monthly ticket.

Commuters using MyMulti tickets, which cover trains, buses and ferries, will also save under the new pricing deal.

They will receive the saving promised during the election campaign - $9 on a monthly ticket, $25 on a quarterly ticket and $100 on a yearly ticket, Mr O'Farrell said.

Mr O'Farrell said the fare cuts went well beyond the coalition's election commitment.

"This change means cheaper fares and shorter queues: it will reward regular commuters and encourage people to leave their cars at home," he said in a statement.

"Commuters have paid enough for Labor's rail incompetence and my government believes they deserve a break."

The fare cuts will cost about $5 million a year.

My comments: This sounds good for long term ticket holders but I also think that other tickets should be slashed across the board, so that their is fairness, Not every one wants to purchase long term tickets - but this on the other side of the coin could promote less queues  in the long run.


NB: Also check out the Press Release on the following link:
http://www.transport.nsw.gov.au/sites/default/files/releases/long-term_rail_ticket_price_cuts.pdf