Status: End 2013-07-17 00:00 ~ 2014-07-17 00:00
The Beijing Municipal Commission of Transport has been researching the operating costs of the capital’s subway, sparking speculation of a possible subway fare hike. Beijing's subway fare was reduced from three to two yuan in 2007, regardless of travel distance, to make the city's metro system affordable and to encourage environment-friendly public transport. The low-price incentive, however, turned out to be a colossal financial problem for the city's government. Four billion yuan was spent in 2011 on subsidizing the subway system.