In brief: Issue 594 13 Apr 2012
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Buses / Coaches / FTR, Disabled & Special needs, Elderly, Fares / Ticketing / Concessionary, Funding / Financing, Wales
Welsh reduce reimbursement
The Welsh Government has cut the concessionary fares reimbursement rate to bus operators for the final quarter of 2011/12 in order to stay within the scheme’s budget. The budget for the scheme in 2011/12 is £69m and the Welsh Government normally pays a reimbursement rate of 73.59% under the terms of a three-year agreement with bus operators and local authorities. A spokesman said agreement had been reached with the two parties to reduce the reimbursement rate in quarter four of...
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