MANILA, Philippines – Stored value cards or ‘beep cards’ now cost ₱30, according to the latest announcement of the Light Rail Transit Authority (LRTA) on Thursday (January 2).
The P10 price hike on stored value cards has taken effect on January 1, 2020.
The Department of Transportation (DOTr) clarified, however, that there is no increase in the actual train fare of LRT-1, LRT-2 and Metro Rail Transit Line Line-3.
On top of the P30 issuance fee on reloadable cards, passengers have to pay an initial load higher than the minimum fare of P12 for LRT-1 and 2 and P13 for MRT-3.
The said increase in card issuance fee is in line with the concession agreement signed on March 31, 2014 by DOTr and AF Payments Inc., the concessionaire jointly owned by the Ayala Group and Metro Pacific Investments.
Based on Sec. 16.5.b of the agreement: “Any Stored Value Card distributed by the concessionaire until 31 December 2019 shall be charged an issuance fee of not more than twenty pesos (PhP 20); and any stored value card distributed by the concessionaire after 31 December 2019 shall be charged an issuance fee of not more than thirty pesos (PhP30).”