Iron fare

Iron fare refers to the actual cost charged to passengers for transportation, such as train or ferry tickets, that is based on the distance traveled or the specific route taken. It reflects the fair rate customers pay to cover the operating expenses of providing the service. Unlike flat or fixed fares, iron fare is variable and adjusts depending on the travel segments, ensuring that the charge fairly corresponds to the journey's length or complexity. This system allows transportation providers to distribute costs proportionally, promoting fairness and sustainability in service delivery.