SUBSIDIES * Viet Nam - HCM City boosts bus system ones
HCM City,Viet Nam -The Viet Nam News (Hanoi) -19 Mar 2008: -- Bus owners in the city’s transport co-operatives sighed with relief after the city People’s Committee approved an additional VND122 billion (US$7.62 million) in bus subsidies on Monday... Earlier in the year, the city council committee approved VND450 billion ($28.12 million) for the bus system this year... The city People’s Committee urged the Department of Transport and Public Works to strengthen management with the aim of increasing income and cutting fuel and labour costs... The city said costs could be cut by VND13 billion ($812,500) each year... According to co-operative members, the extra subsidy was a temporary solution to maintain the city bus system, adding that a readjustment of subsidy and ticket prices would be the long-term solution...
Labels: subsidies
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