Boosting Mass Transit through Entrepreneurship

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 systems earn commercial income, such as from advertising, naming rights, and especially real estate activities, are making inroads in their operating deficits. Commercial revenue in some systems is nearing 20 percent of fare revenue. Although reforms of transit financing structures remain high on the policy agenda, a review of ancillary income streams of metro systems around the world shows that a more entrepreneurial approach to tapping their commercial potential can help them narrow their funding gap.

Bibliographic Details

Main Authors:	Pulido, Daniel, Portabales, Irene
Format:	Brief biblioteca
Language:	English en_US
Published:	World Bank Group, Washington, DC 2015-02
Subjects:	URBAN TRANSPORT, TARIFFS, PUBLIC SUBSIDIES, USERS, PHONE, TECHNOLOGY, INITIATIVES, PDF, URBAN RAIL SYSTEMS, BUSINESS OPPORTUNITIES, TRANSIT, TRANSIT STATIONS, TRANSPORT FUNDING, PASSENGERS, TRANSIT AGENCIES, INCOME, METRO SYSTEMS, MOBILE PHONE, RAIL SYSTEM, VIDEO, SYSTEMS, FARES, INFORMATION, RAIL SYSTEMS, REVENUES, MASS TRANSIT, JOURNEY, PUBLIC TRANSPORT, PROPERTY, CONSULTANTS, BUSINESS MODELS, PRIVATE SECTOR, PROJECTS, SYSTEM, TAX, CITIES, URBAN MASS TRANSIT, FARE REVENUES, COMMERCIAL ACTIVITY, UNDERGROUND, ROAD USER, TUNNEL, TRANSIT AGENCY, INSTITUTIONS, ICT, ADVERTISING, LAND, ROAD, COMMERCIAL ACTIVITIES, COSTS, BUSINESS, NETWORK, TRANSPORT SYSTEMS, TRANSIT OPERATIONS, TRANSPORT, TUNNELS, RAIL, TRANSIT AUTHORITY, BUSINESS PLANS, MASS TRANSIT SYSTEMS, RAIL LINE, RAIL OPERATORS, REVENUE, PROFIT, TECHNOLOGY LICENSING, COMMUNICATION, FARE REVENUE, BUSINESS MODEL, TRANSIT SYSTEMS, COMMUNICATION TECHNOLOGY, METRO SYSTEM, URBAN RAIL, COMMUTER RAIL, LAND VALUE, INFRASTRUCTURES, SUBSIDIES, USER, TRANSIT SYSTEM, INFRASTRUCTURE, TAXES,
Online Access:	http://documents.worldbank.org/curated/en/2015/07/24441417/boosting-mass-transit-through-entrepreneurship-going-beyond-subsidies-reduce-public-transport-funding-gap https://hdl.handle.net/10986/22307
Tags:	Add Tag No Tags, Be the first to tag this record!