[Venezuelanalysis.com's Chris Carlson reports on the deal between the Venezuelan government and the mayor of London wherebye since last week the English capital began offering half-price bus fares to poor residents of the city. The plan to supply the city with discounted oil will allow 250,000 of the poorest residents of London to more easily use public transport.]
Venezuelan Oil Deal to Aid Low-Income Londoners
By Chris Carlson - Venezuelanalysis.com
Saturday, August 25, 2007
Caracas, August 25, 2007 (venezuelanalysis.com)
— Thanks to a deal between the Venezuelan government and the mayor of
London, the English capital began offering half-price bus fares to poor
residents of the city this week. The plan to supply the city with
discounted oil will allow 250,000 of the poorest residents of London to
more easily use public transport.
The Venezuelan government made the agreement with London Mayor Ken Livingstone last February after Venezuelan President Chavez suggested the idea during a visit to London in 2006. The deal will provide London buses with a 20% discount on fuel from Venezuela. At the same time, London will open an office in Caracas to provide Venezuela with advice and technical expertise on tourism, public transport, urban-planning, and the protection of the environment, fields in which London is a world leader.
The discount will reduce the city's annual fuel bill of about £65 million ($138.4 million) by up to £14 million ($29.8 million), said a spokesman for the mayor. Those to benefit from the lower bus-fares will be single parents, long-term sick, disabled and others on income support.
"We want to target the very poorest Londoners," said Livingston to reporters. "From today, all Londoners on Income Support are eligible for half price travel on London buses. This will make it cheaper and easier for people to go about their lives and get the most out of London."
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Really good deal..
Posted by: Bezy | September 19, 2007 at 11:12 AM