ALTERNATIVE SOURCES OF FUNDING

In some countries of the world, public transit is treated as a commercial industry; in others it sits somewhat uneasily between commercialism and social service. With a few exceptions, public transit in every country to a varying degree requires some form of external financial support. Governments and local authorities, faced with increasing demands on their resources, are under growing pressure to obtain good value from public transit undertakings. Privatization, franchising and private finance initiatives are becoming increasingly common, for example in the European Union, in Eastern Europe and Australasia. In some countries, such as the United Kingdom, where it is no longer permitted explicitly to subsidize fare levels, certain categories of support have been reduced, or even abolished altogether. Faced with reducing public support, public transit operators need to find alternative sources of finance, in particular to fund capital investment. This article summarizes some of the available options.

• Availability:
  • Find a library where document is available. Order URL: http://worldcat.org/oclc/22167353
• Corporate Authors:

  International Association of Public Transport (UITP)

  Rue Sainte Marie 6
  Brussels,   Belgium  BE-1080
• Authors:
  • Higginson, M
• Publication Date: 1999-9

Language

• English

Media Info

• Pagination: p. 14-22
• Serial:
  • Public Transport International
  • Volume: 48
  • Issue Number: 5
  • Publisher: International Association of Public Transport (UITP)
  • ISSN: 1016-796X
  • Serial URL: http://www.uitp.org/publications/public-transport-magazine.cfm

Subject/Index Terms

• TRT Terms: Capital expenditures; Commercial transportation; Financing; Investments; Private enterprise; Privatization; Public transit; Subsidies
• Subject Areas: Finance; Public Transportation;

Filing Info

• Accession Number: 00778666
• Record Type: Publication
• Files: TRIS, ATRI
• Created Date: Nov 15 1999 12:00AM