Most of the world’s urban mass transit systems cannot cover operating costs, let alone capital expenses, through farebox revenues. On average, 25 percent of metro operating expenditures are not funded by farebox income. With limited public subsidies, as well as obstacles to raising fares and political sensitivities to road user taxes, metro systems have been increasingly pursuing income from commercial activities connected with their operations. Metro...
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2015/02/01
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96247
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2015/07/22
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Boosting mass transit through entrepreneurship : going beyond subsidies to reduce the public transport funding gap
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metro system
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