Welsh Bus operators have responded angrily to the Welsh Government’s decision to cut concessionary fares reimbursement by about £8m next year.
Operators expect to be paid about £73m this year but, under a new three-year deal, they will receive £65m in 2014/15, £63m in 2015/16 and £61m in 2016/17.
The Government has reduced the reimbursement rate from 73.59% to 64% in 2014/15. This is applied to operators’ average representative fare...
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