Business news from Ukraine

PRICES FOR PUBLIC TRANSPORT TO INCREASE IN KYIV

21 October , 2021  

Prices for public transport will be raised in Kyiv, First Deputy Head of the Kyiv City State Administration Mykola Povoroznyk said.
“This is an unpopular step that we have to take in order to maintain the stable operation of municipal carriers. Today, in the face of rising energy tariffs, leaving the fare at the current level means driving carriers into debt holes, and subsequently paralyzing the work of transport companies. Therefore, we are forced to begin the procedure for increasing the tariff. Now we are awaiting proposals from utilities regarding the economic feasibility of the tariff. After that, a reasonable fare will be formed, and we will submit a proposal for public discussion,” Povoroznyk said, according to the statement of the press service of the Kyiv City State Administration.
He also said that in the summer the cost of travel increased in many cities of Ukraine: in Lviv, Poltava, Mykolaiv, Zaporizhia and others, while Kyiv authorities postponed the moment of increasing tariffs.
“Today, when the city has taken measures not to increase the tariff for heating agents for the population, but to compensate for the difference at the expense of the local budget, it is simply impossible to increase funding for the already subsidized public transport. Such a step could lead to underfunding of city programs, which are critically important for many people in Kyiv,” Povoroznyk said.
He separately noted that at the same time, all available travel benefits for Kyiv residents will remain.

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