How much can we see transport fares increase by?
Summary
Newstalk Breakfast discusses the impending 15% increase in Irish public transport fares, driven by pressure from the Department of Public Expenditure. Guest Brian Caulfield, a Transportation Professor at Trinity College, explains that while this annual review model is common globally, it risks reducing ridership by 12% and disproportionately affecting students and low-income groups. He suggests more nuanced pricing strategies, such as targeted discounts, and highlights international examples like Austria’s flat annual fare to balance financial sustainability with accessibility.
Topics discussed
Intro: 15% public transport fare hike announced
Guest intro and context on annual fare reviews
Elasticity of demand and potential 12% ridership drop
Financial gains vs. wider economic and sustainability impacts
Affordability issues and proposals for nuanced pricing
Comparison with motorway toll inflation
Global examples: Sweden, Austria, and free transport
Closing remarks and guest sign-off
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