REGULATORY AUTHORITIES WILL BE ABLE TO RECALCULATE THE TARIFFS IN SUBURBAN RAIL SERVICES

The measure was taken in response to sharp decrease in passenger traffic

The Board of the FAS Russia approved amendments to the order No. 1649/171, which enable regional regulatory authorities to recalculate promptly the economically justified level of tariffs (EJLT) in suburban rail traffic in view of sharp decrease in passenger traffic. The EJLT indicator is needed for calculating reimbursement of carriers' expenses from budgets.

Rates for passengers are not changed.

The requirement to limit fare under the "inflation minus" formula is obligatory for each region.

¹ On Amendments to the Order of the FAS Russia of 05.12.2017 No. 1649/17 "On Approval of the Methodology for Calculating the Economically Justified Level of Costs  taken into account when Forming an Economically Justified Level of Tariffs for the Services of Natural Monopolies in the sphere of Passenger Transportation by  railway public transport in suburban traffic".