The increase will take effect on August 1
in an earlier observation on adherence to the loading capacity of buses in the state noted that LBSL buses had all their seats occupied by passengers, but no standing was allowed in the buses.
Kolawole Ojelabi, the LAMATA spokesperson, said in the statement that LBSL had argued that conveying no more than 20 passengers per bus, per trip had resulted in only 14 per cent utilization of the busload factor, leading to 72 per cent drop in revenue while running costs remained fairly the same.“It stated that the fare increase would improve LBSL’s operational efficiency and place the bus operating company on the path to sustainability in the medium to long term,” the statement added.
The LAMATA spokesperson said access to restricted lanes will make journey times of LSBL buses faster and predictable.
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