Innovative funding and financing for public transport: a review of alternative, sustainable funding and financing sources

Australian governments must establish alternative funding sources for public transport whilst ensuring that the private sector plays its part in financing the infrastructure the nation needs. Continued investment and expansion of public transport is crucial for the success of the nation. Whether Australians travel by public transport or not, they still benefit from its existence and use by others. For instance, the average passenger train takes 525 cars off the road, reducing road congestion, improving road safety and decreasing transport-related emissions3. As a result, an individual may not travel by rail or other modes of public transport but they still benefit from those who do. Australian governments must innovate and embrace some of the many funding tools successfully used in cities, states and countries around the world. Alternative revenue raising tools such as value capture, transit-oriented developments, congestion charging, payroll, sales and fuel taxes and Superannuation funds have been providing dedicated funding sources for transport operations and expansions around the globe for years, some since the early 1900’s. To capitalise on the broad benefits public transport provides and continue improving Australia’s public transport systems, sustainable, long term funding that allows planned improvements to service offerings and the expansion of existing infrastructure is vital. This paper explores a selection of funding and financing mechanisms currently implemented around the globe. Rather than recommend one over another, the intention is to spark debate and highlight the innovative options that could be implemented to ensure long-term investment in Australian infrastructure.

  • Corporate Authors:

    Australasian Railway Association

    2 Brindabella Circuit, Canberra International Airport, ACT 2609, Australia
    Canberra, ACT   

    Australasian Railway Association

    ,    
  • Publication Date: 2014-2

Language

  • English

Media Info

  • Pagination: 33p

Subject/Index Terms

Filing Info

  • Accession Number: 01518430
  • Record Type: Publication
  • Source Agency: ARRB
  • Files: ITRD, ATRI
  • Created Date: Mar 18 2014 12:12PM