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Archive
2003-12-08 SET-001
South Eastern Trains
South Eastern Trains outlines rail fare rises
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Press release
South Eastern Trains
South Eastern Trains outlines rail fare rises
Monday 8 December 2003
In line with the government's fares policy and similar to other commuter train operators serving London, the majority of South Eastern Trains' regulated fares are to increase from January 2004.
The average increase for South Eastern Trains’ fares is 4.1%. Although the maximum increase is 9% on regulated fares to London from stations in south east London and the surrounding area.
The 9% increase arises as a result of differing fare policies between Transport for London and the Strategic Rail Authority in the past. This led to some rail-only fares to London from stations in south east London being kept very low in comparison to Travelcard fares. The SRA's change in fares policy enables that imbalance to be re-dressed.
However some fares will be held at 2003 levels and, even with these increases, a great many fares in 2004 will still be lower than they were in 1996. Over the past few years the majority of regulated commuter fares in the south east have not risen in line with inflation and in many cases have actually gone down.
Also, passengers renewing their monthly or longer season tickets will continue to receive the 5% passenger's charter discount.
Managing Director of South Eastern Trains, Michael Holden, said:
"These fare rises are in line with the SRA policy. The extra revenue will be used to fund the continuing modernisation of the railways. Our passengers are already beginning to benefit from a £600 million investment in new trains to replace the old slam door stock."
ENDS
Notes to Editors
Regulated fares include weekly, monthly and annual season tickets and standard day returns to London.
69% of SET ticket income comes from regulated fares.
Many non-regulated fares such as the PriceBuster fares will not increase. PriceBusters to London are available from Rochester, Tonbridge, Strood and Borough Green and stations beyond, and certain travel restrictions apply.
Railnews Archive ::: 2003-12-08 SET-001
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