Metro Mayor Steve Rotheram has announced that journeys on Liverpool's buses will cost passengers a maximum of £2 by September 18.
The new single adult fare will mean bus passengers will see a saving of up to 13% compared to the current cost of their journey.
The charge applies to single journeys and has been introduced in a bid to help residents save money during the cost of living crisis.
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Young people across the city will also benefit from the plans as the cost of a MyTicket, which allows those under the age of 19 to benefit from all day unlimited travel, will remain frozen at £2.20 until 2025.
Steve Rotheram said: “More than 400,000 journeys are taken by bus in our region every single day yet, far too often, people tell me that they’re still too expensive, too confusing and too unreliable.
“With the cost of living crisis placing more and more pressure on households, we’re using the power of devolution to bring the price of a single bus ticket down to its lowest level in years - putting money back into the pockets of our residents.”
Bus operators in the Liverpool City Region have agreed to the new reduced and simplified fare for an initial three-year period. It is being funded by the £12m Bus Services Improvement Plan (BSIP) allocation, secured by the Mayor and Combined Authority from the government earlier this year.
Earlier this year, the Liverpool City Region took an important step towards the major reform of its buses after local leaders voted to confirm franchising the bus network - a landmark move that would reverse the industry’s deregulation in the mid-1980s.
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