Investment in PT

 

Unless strategic mechanism is enforced among municipal, urban and transport stakeholders, investment in PT shall continue to be a problem. Yet, Urban Stakeholder should interpret economic, commercial and residential interests, which are ignored in most levels, for the sake of colorful master planning pretty pictures..!

Stephen PerkinsStephen Perkins Verified • 2ndMobility Policy ExpertMobility Policy Exper2 weeks ago • Visible to anyone on or off LinkedIn

Funding Public Transport
Well-funded public transport services are essential to decarbonising mobility. Last year’s report from the ITF Working Group, Funding Public Transport sets out the keys to sustainable funding, https://lnkd.in/efC9UeH3

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1. Invest more. As well as renewing vehicle fleets with electric vehicles, decarbonising mobility requires modal shift towards public transport and active mobility. Public transport investments must increase significantly to enable the required modal shift.
2. Focus on efficiency. Demand for funding has to be moderated by more efficient infrastructure and service provision. This requires coordinated institutional management arrangements, a strong focus on competition, a well-functioning multimodal mobility system, public investment decisions determined with efficiency in mind, and efficient financing choices.
3. Fund from all sources. Funding should come from three sources: users, through fares; governments, through general budgets and earmarked taxes; and taxes on indirect beneficiaries, including owners of land that increases in value when its accessibility improves.