Description: In Singapore, public transport fares were regulated by the Public Transport Council (PTC). In 2005, a new fare review mechanism, which provided for greater clarity and was more responsive to prevailing economic conditions, was adopted and successfully implemented in 2005 and 2006. The new mechanism allowed the PTC to adjust fares depending on economic dynamics, and wasdesigned to strike a fare deal that balanced the need to safeguard commuters’ interests and...