Taxi fares set to rise to cover cost of installing card machines
The proposed 4.5% increase in fares will cover the costs associated with the provision of card payment facilities – the National Transport Authority
Taxi fares are set to increase from next year, the National Transport Authority (NTA) has said.
The NTA is proposing an increase in maximum fares of 4.5% to cover the increased costs of running a taxi and the costs associated with installing card payment facilities.
The National Maximum Taxi Fare Review Report 2019, published on Tuesday, estimates the cost of running a service has increased by around 4% since 2017 when the last fare review was undertaken.
The NTA said strong economic growth, falling unemployment levels, and increased consumer spending have all had positive implications for the taxi industry over the past two years.
The report also proposes the requirement of all taxis to have card payment facilities, which will bring taxis in line with many other businesses across the country.
Chief executive of the NTA Anne Graham said: “Introducing the card payment option will make taxis even more accessible and simpler to use for all passengers.
“With the potential fare increases in mind, we are now inviting the public to make submissions and let their views be heard on the proposed changes.”
The public consultation is open until October 29. Submissions can be made online via the consultation section of the NTA website.