Bloomberg News

Sao Paulo and Rio Bow to Protesters Revoking Fare Increases

June 19, 2013

Sao Paulo and Rio de Janeiro revoked increases to bus, train and subway fares that sparked the biggest street protests in almost two decades.

The announcement was made in Sao Paulo in a joint press conference by Geraldo Alckmin, governor of the state, and the city’s mayor, Fernando Haddad, who said the decision will restrict the ability to carry out planned investments. In Rio, Mayor Eduardo Paes said the lower tariffs for buses will cost the city 200 million reais ($89.9 million) a year.

The fares in Sao Paulo will return to 3 reais, the price they were before an increase of 20 centavos went into effect this month. The new prices go into effect June 24.

To contact the reporter on this story: Joshua Goodman in Rio de Janeiro at jgoodman19@bloomberg.net

To contact the editor responsible for this story: Andre Soliani at asoliani@bloomberg.net


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