El Salvador doubles transport subsidies

El Salvador President Antonio Saca has confirmed that the government has agreed to double the amount of the subsidy to transporters.

Tuesday, June 24, 2008

The subsidy for buses and microbuses will be doubled, with the hope that this stabilizes the fares for urban transport at between 25 and 28 cents, Saca said.
The new assistance, 800 dollars for buses and 400 dollars for microbuses, has been the resolt of a necessary negotiation, the president said.
"If the government had not negotiated, the users of these services would be paying the difference," he said.

More on this topic

Subsidy Policy in El Salvador

July 2013

In 1999, government spending on subsidies was $13 million, a figure which has multiplied 30 times, reaching $471 million in 2012.

In an event organized by the Salvadoran Chamber of Consulting Firms (Camsec) and the Union of MSMEs, union president, Jorge Daboub, revealed that while in 1999 the country spent $13 million on payments of subsidies, specifically for liquefied gas oil, by 2012 they had increased to $458 million, which represents an increase of 3523.1%.

Costa Rica to Unveil Public Transportation Plan in April

February 2011

The draft plan incorporates inter-sector buses (known as interlining) and promotion of the metropolitan electric train.

The planned investment in the metropolitan electric train project (TREM) would be about $ 1,100 million over the first eight years.

"Within a decade the population grew at an average of 15% while the number of vehicles doubled...The government wants to encourage the train," stated to Elfinancierocr.com Carlos Contreras from the Ministry's Division of Transportation.

Nicaragua cancels transport subsidy

January 2009

Since January 1st the $1.30 subsidy per gallon of fuel for public transport has been eliminated.

According to prensalibre.com, "transport cooperatives expressed their concern about the suspension, as they maintain that their operating costs are high.

"Fuel prices may have dropped, but the rest of our raw materials have increased and that needs to be addressed now, we need to adjust the fares," said the head of the National Taxi Movement, Alan Vargas.

Saca pledges to maintain subsidies in El Salvador

April 2008

The government of El Salvador will maintain subsidies on basic services while implementing an austerity plan to confront the nation's economic crisis, President Elías Antonio Saca said.

In a message to the nation, Saca said he wanted to be frank. "I know the situation is difficult, and there's nothing to indicate that this is going to change in the short term," he said.

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