TY - JOUR
T1 - Workshop 3 report
T2 - Sustainable funding sources and related cost benefit measurements
AU - Stanley, John
AU - Levinson, David
N1 - Publisher Copyright:
© 2016 Elsevier Ltd
PY - 2016/11/1
Y1 - 2016/11/1
N2 - 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.
AB - 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.
KW - Benefit measurement
KW - Externalities
KW - Fares
KW - Marginal social cost pricing
KW - Public private partnership
KW - Value capture
UR - http://www.scopus.com/inward/record.url?scp=85004130292&partnerID=8YFLogxK
UR - http://www.scopus.com/inward/citedby.url?scp=85004130292&partnerID=8YFLogxK
U2 - 10.1016/j.retrec.2016.10.004
DO - 10.1016/j.retrec.2016.10.004
M3 - Article
AN - SCOPUS:85004130292
SN - 0739-8859
VL - 59
SP - 143
EP - 150
JO - Research in Transportation Economics
JF - Research in Transportation Economics
ER -