Tuesday, June 10, 2014

How to Make Mass Transit Financially Sustainable Once and for All

this article could be your most interesting read of the day


How to Make Mass Transit Financially Sustainable Once and for All - CityLab:

Like any other enterprise, transit should be successful and cover its costs. This is entirely feasible if we change the model of transit finance from a branch of government to a regulated public utility, as is done in much of Europe and Asia. A public utility provides a service, and in exchange, it is compensated for that service. The compensation comes from consumers (e.g. users, riders), and from the public for any unprofitable services that it wishes to maintain for other (e.g. political) reasons.
Read the entire article at CityLab

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