Economic Indicators

Spain launches free rail travel passes to fight inflation

2022.08.31 14:13

5/5
Spain launches free rail travel passes to fight inflation
Passengers walk on a platform at Atocha railway station, as Spain is to provide a free transport scheme to reduce living costs from September, in Madrid, Spain, August 31, 2022. REUTERS/Isabel Infantes

2/5

By Marco Trujillo and Christina Thykjaer

MADRID (Reuters) – After struggling a bit with the ticket machine at Madrid’s grand 19th century Atocha railway station, 26-year-old Jennifer Bernard Quintana and her sister became the happy owners of free travel passes valid from Thursday.

With inflation near record highs of above 10% year-on-year, Spain’s Socialist-led government hopes to alleviate living expenses and encourage more people to take public transport by providing them with free monthly passes for all local and medium-range intercity routes. Long-haul trips and single tickets are excluded.

“I think it’s a great initiative,” Jennifer, who works in social media, told Reuters.

“I’d love this to be a permanent thing as it would help to make things in general less expensive and we’d have more mobility… this is a good way for the government to invest the money we pay in taxes.”

Her mother Toni, 55, said the discount would help the family save more than 80 euros ($80) a month on her two daughters’ transport cards.

“We need more initiatives like this,” she said. “We parents can’t pay anymore. We don’t have the same budget for doing the same things with our children as we did before.”

Almost half a million people have already pre-ordered the free transportation cards, and state-owned railway operator Renfe expects the scheme, in force until year-end, to result in 75 million free railway journeys.

“It’s very easy to apply and to use. Given the economic situation, for us this is a great help,” said 18-year-old student Anastasia Adamova.

Germany has promoted a similar initiative, starting in June and ending in September, which was a huge success and reduced traffic jams in major cities.

The Spanish scheme, which also includes discounts on other types of public transport, will cost 221 million euros. It is part of the latest aid package to mitigate price rises, approved in June, worth a total of 9.5 billion euros, including value-added tax reductions and Social Security exemptions.

($1 = 0.9976 euros)

(This story refiles to fix date)

Source

Related Articles

Leave a Reply

Back to top button
bitcoin
Bitcoin (BTC) $ 105,003.13 0.63%
ethereum
Ethereum (ETH) $ 3,330.22 1.21%
xrp
XRP (XRP) $ 3.14 1.21%
tether
Tether (USDT) $ 1.00 0.00%
solana
Solana (SOL) $ 256.29 2.80%
bnb
BNB (BNB) $ 688.10 0.85%
dogecoin
Dogecoin (DOGE) $ 0.353499 1.39%
usd-coin
USDC (USDC) $ 1.00 0.00%
cardano
Cardano (ADA) $ 0.990143 1.42%
staked-ether
Lido Staked Ether (STETH) $ 3,324.66 1.08%
tron
TRON (TRX) $ 0.252231 1.21%
chainlink
Chainlink (LINK) $ 25.68 3.10%
avalanche-2
Avalanche (AVAX) $ 37.47 6.12%
wrapped-steth
Wrapped stETH (WSTETH) $ 3,968.65 1.29%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 104,811.08 0.51%
hedera-hashgraph
Hedera (HBAR) $ 0.343788 3.88%
stellar
Stellar (XLM) $ 0.423255 1.05%
the-open-network
Toncoin (TON) $ 5.06 0.47%
sui
Sui (SUI) $ 4.15 0.18%
shiba-inu
Shiba Inu (SHIB) $ 0.00002 0.60%
weth
WETH (WETH) $ 3,329.98 1.13%
polkadot
Polkadot (DOT) $ 6.34 0.79%
litecoin
Litecoin (LTC) $ 124.82 3.36%
bitget-token
Bitget Token (BGB) $ 7.53 2.50%
leo-token
LEO Token (LEO) $ 9.78 0.02%
bitcoin-cash
Bitcoin Cash (BCH) $ 439.94 1.04%
hyperliquid
Hyperliquid (HYPE) $ 23.69 6.13%
uniswap
Uniswap (UNI) $ 12.11 0.45%
usds
USDS (USDS) $ 0.999357 0.21%
wrapped-eeth
Wrapped eETH (WEETH) $ 3,520.64 1.09%
pepe
Pepe (PEPE) $ 0.000015 0.31%
official-trump
Official Trump (TRUMP) $ 30.65 11.13%
near
NEAR Protocol (NEAR) $ 5.09 4.03%
ethena-usde
Ethena USDe (USDE) $ 1.00 0.01%
aave
Aave (AAVE) $ 328.50 1.01%
aptos
Aptos (APT) $ 8.27 2.21%
ondo-finance
Ondo (ONDO) $ 1.43 0.15%
mantra-dao
MANTRA (OM) $ 4.62 33.36%
internet-computer
Internet Computer (ICP) $ 9.21 2.12%
monero
Monero (XMR) $ 222.43 1.04%
whitebit
WhiteBIT Coin (WBT) $ 28.41 0.22%
ethereum-classic
Ethereum Classic (ETC) $ 26.91 0.59%
mantle
Mantle (MNT) $ 1.19 1.41%
vechain
VeChain (VET) $ 0.047972 0.25%
crypto-com-chain
Cronos (CRO) $ 0.13769 0.00%
polygon-ecosystem-token
POL (ex-MATIC) (POL) $ 0.438837 1.79%
render-token
Render (RENDER) $ 7.10 4.47%
dai
Dai (DAI) $ 1.00 0.02%
algorand
Algorand (ALGO) $ 0.410299 2.94%
bittensor
Bittensor (TAO) $ 416.33 13.59%