Workshop 3 report: Sustainable funding sources and related cost benefit measurements

John Stanley and David Levinson

Research in Transportation Economics, 2016, vol. 59, issue C, 143-150

Abstract: Recognising that public transport services generally deliver substantial benefits for society but frequently require operating and capital funding support, this Workshop sought to find ways to bridge this benefit/funding gap, particularly through benefit monetization. It elaborated a wide range of benefits from public transport services, to both users and non-users. In regard to non-users, there was a particular focus on the role of public transport in promoting positive external benefits, such as agglomeration economies, and reducing the negative external costs of car use. A number of ways in which the service funding requirement might be reduced by improved system management were considered, such as better fare evasion practices and more effective public private partnerships. A range of funding opportunities was then reviewed, from which two preferred bundles were developed. Value capture was seen as a vital funding opportunity, both for supporting operating funding and capital funding requirements. Funding circumstances that were seen as more properly a governmental responsibility were identified.

Keywords: Benefit measurement; Externalities; Fares; Marginal social cost pricing; Public private partnership; Value capture (search for similar items in EconPapers)
JEL-codes: H7 I31 R14 R41 R48 R58 (search for similar items in EconPapers)
Date: 2016
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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DOI: 10.1016/j.retrec.2016.10.004

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