THE PRICING AND FINANCING OF URBAN TRANSPORT. FINAL REPORT AND EXECUTIVE SUMMARY

This study of the pricing and financing of urban transport was commissioned by DG VII (Transport) of the European Commission in 1994. Its objectives were to: (1) gather information, views, and experience on the potential to shift mode from private cars to public transport by applying pricing policies; and (2) suggesting further research or demonstration projects on this topic. The first phase collected data, produced a theoretical framework for the study, and reviewed demand elasticities, ie the impact of changes in urban transport charges on demand. The second phase used this information to test and comparatively appraise the following alternative pricing policies: (1) car ownership taxes; (2) fuel taxes; (3) parking charges; (4) road pricing or congestion charging; and (5) subsidies to public transport. The tests were based on two urban transport models. All pricing mechanisms were found effective, especially road pricing and fuel taxes. Six areas for further research are recommended: (1) quantifying external costs of car use; (2) elasticities; (3) equity impacts of public transport subsidies; (4) the financial impact on public transport operators; (5) land use responses to pricing changes; and (6) road pricing acceptability.

  • Corporate Authors:

    Halcrow Group Limited

    44 Brook Green, Hammersmith
    London,   United Kingdom  W6 7BY
  • Publication Date: 1995

Language

  • English

Media Info

  • Features: References;

Subject/Index Terms

Filing Info

  • Accession Number: 00715970
  • Record Type: Publication
  • Source Agency: Transport Research Laboratory
  • Files: ITRD
  • Created Date: Jan 31 1996 12:00AM