Price regulator rejects requests for train fare hikes

The national price regulating agency has rejected a request for increases in the valley train fares. The Instituto Costarricense de Ferrocarriles wanted an additional 70 colons on top of the existing 330-colon fare for the San José – San Antonio de Belén route. It also sought a 130-colon increase in the San José – Cartago route. The fare now is 550 colons.

The agency, the Autoridad Reguladora de Servicios Públicos said that the requests were rejected because the railway agency did not provide all the information that was required. The Autoridad said that a summary of the complaints and how they were handled for the last half of 2013 were missing.

There also was a lack of financial information and detailed statistics of passengers carried, said the agency.

Rejecting a price increase because of the way information was presented is not unusual. But in this case, the price regulating agency said that the deadline had passed for the rail institute to amend its submission for the first half of the year.

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