Innovative Methods Of Financing Public Transportation

Karl FitzgeraldFeatures1 Comment

by Dave Wetzel

The income from fares is usually insufficient to pay for both the capital costs and operating expenses of a modern mass transit system.

Public transportation managers strive to provide safe, efficient, affordable, reliable, comfortable, clean, and convenient journeys for passengers. The service provided not only enables millions of people to travel but also has wider economic, social, and environmental impacts on urban life.

When planning for new public transportation investments, wider economic benefits are usually cited as an important reason for governments to provide subsidies towards the costs of construction and maintenance.