Public Transport Costs Soar, Fares Must Rise to Avoid Exclusion
The article discusses how cities fund public transportation. To make it financially sustainable, they suggest tighter control over spending and more responsibility for different parts of the system. Private companies can help with some services. Transport companies should spend wisely, avoid debt, and seek extra funding, like from property projects. Using leasing can save money. Fares need to go up in line with costs. More money can come from fares, but it's important to prevent excluding people because of cost. Every OECD country offers some financial support for public transport. There's a trend toward local funding and partnerships between the government and private companies in transport projects.