Matthews Coach Hire, best known for their Dundalk to Dublin commuter service, are set to increase their bus fares for the first time in six years, as and from January 3.
The Inniskeen-based company said they were forced to increase a standard single fare to €9 and a return fare to €14 “in line with all other transport providers” - blaming fuel costs and a hike in VAT for the rises.
As well as the increase in the price of a single or return ticket, the price of a 10 journey ticket is also rising to €60, or €55 for students. They said, however, that their yearly, six-month and three-month Tax Saver tickets would not be rising and that commuters could find additional savings by using the new government-supported Leap Card for their journeys.
In a statement on the matter, Matthews Coach Hire said: “This represents our first rise in fares for six years, during which time we have constantly upgraded our service and fleet to become the fastest, most comfortable and most reliable provider on the M1 Corridor.
“The fare increases are due to an almost doubling of fuel costs over that six-year period, allied with a hike in non-recoverable VAT.
“However, we are the only private transport company to be involved in the new integrated ticketing scheme – The Leap Card – which will bring fare savings on all of our routes when it is introduced early in the New Year.
“The company’s yearly, six-month and three-month Tax Saver tickets, which are very popular with commuters, will also remain the same price for the near future.
“From January 3, our new standard fares will be €9 single, €14 return and the ten-journey ticket will cost €60.
“The open ten-journey student ticket will be priced at €55 (on production of current student card).
“When the Leap Card is introduced, customers will be able to avail of savings on the above fares as well as the ability to use the card on Dublin Bus, Luas, DART and suburban rail services.”