Written by The Banking Post
A revised launch fare structure has been proposed, setting the rate at Tk 3 per kilometre for journeys up to 100 kilometres, following a meeting between the Bangladesh Inland Water Transport Authority (BIWTA) and launch operators.
The proposal, now awaiting government approval, reflects a compromise between regulators and operators amid rising operating costs.
“We sat with the high officials and discussed the new launch fare structure,” said a representative of launch owners after the meeting.
Under the revised plan, fares for trips beyond 100 kilometres would be Tk 2.57 per kilometre—lower than the rates initially sought by operators. The minimum fare is also set to rise to Tk 35 from Tk 29.
Officials said the updated fare chart will be sent to the ministry for final approval, with a decision expected soon.
Launch owners had earlier pushed for a steeper hike, citing a sharp increase in costs following the recent fuel price adjustment. Diesel prices have risen significantly, alongside higher expenses for essential components such as engine parts, steel materials and maintenance inputs.
Operators estimate overall operating costs have increased by around 50 per cent, while passenger numbers have declined due to the expansion of road transport.
“Considering the prevailing situation, we have no option but to increase fares; otherwise, it will be difficult to sustain operations,” a sector leader said.
The final decision now rests with the government, which will determine whether to approve the proposed rates.
