After several months of negotiations, the Ministry of Transport awarded 93 bus operators fuel subsidies this morning. Back in April, the war in Ukraine sent fuel prices soaring and it has resulted in bus operators requesting an increase in fares. To keep Belize’s transport industry afloat, the Briceno Administration began looking at measures to mitigate the effects of the high cost of fuel. Negotiations began to put in place a fuel subsidy for bus operators. Minister of Transport, Rodwell Ferguson discussed how the constant uptick in gas prices delayed the launch of the program.
Joel Armstrong, Vice President of the National Bus Association of Belize, also spoke about how the initiative, which is in its third month, will not only benefit bus operators but commuters across the country.
The subsidy lasts for six months and comes with a price tag of 1.6 million.