Despite reported increase in JUTC’s revenue, Opposition says there is still concern with entity’s accounts, as figures remain below those seen in 2016
Despite a reported increase in the Jamaica Urban Transit Company (JUTC’s) revenue, the opposition says there is still concern with the entity’s accounts, as figures remain below those seen in 2016.
During an event at the Caribbean Maritime University in Kingston on Friday, JUTC’s Managing Director, Owen Ellington said despite Government directives to reduce fares, revenues have grown.
He also pointed out that the revenue for the past week is higher than in 2024, when new buses were added to the company’s fleet.
Reacting to the managing director’s comments, Spokesperson on Transport, Mikael Phillips told IRIE FM News that while an increase in revenue has been realised, the state-owned company needs to see further increases to be deemed viable.
The Opposition has long highlighted concerns relating to projected losses, low ridership and high operational costs, among other issues, faced by the company.
Mr. Phillips also commented on the JUTC’s compliance with its statutory payments.
Mr. Ellington had said this full compliance represents the company’s first, since its inception.
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