The Economics Of Public Transport
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- čas přidán 4. 06. 2024
- Public transportation is a business like any other, it has expenses, revenues, and more. In this video, we'll take a look at the economics of public transport, how it gets funded, where it spends money, and the ways it can ensure proper funding for its operations, as well as new, innovative strategies for increasing revenue.
sources:
docs.google.com/document/d/1q...
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Lucid Dreaming by | e s c p | www.escp.space
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Lazy Aftermoon by | e s c p | www.escp.space
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#publictransport #economics #cityplanning
0:00 Intro
0:48 Expenses
2:30 Fares
3:54 Advertising
5:31 Subsidies
6:24 Property
9:20 Bloopers
![[柴犬ASMR]曼玉Manyu&小白Bai 毛发护理Spa asmr](http://i.ytimg.com/vi/0TsXQ7z2Dh4/mqdefault.jpg)
There is something not mentioned here. The cost of building roads if no transit is available, reduced health costs, reduction of CO2 emissions when using electric transit. You've missed a lot of these things out.
Expanding roads* often that's one of the biggest reason why public transit doesn't get investment. The roads will be built regardless, so it seems easier to add on a lane than create an entire transit line.
It is true that I left out things, I didn't want the video to be too long.
I will probably make a video about the things I left out later
You're point about transit owning/developing/profiting from nearby land is also supported by history. The American railroads made a lot of money and a lot of towns that way.
America was built by the railroads, after all
The cost of collecting fares for some small systems means it's cheaper not to collect fares. Some small systems in North America do not charge fares for this reason.
Thank you for the bloopers, they were the highlight of the video. Also I love how everybody reacts the same to making mistakes when talking English.
it is quite frustrating, haha
Personaly I don't think public transit should be seen as a way of making money, but spending the government money. Just as roads, healthcare (in most countries) and education
I think so too, I just wanted to take a look at the economic reality of transit around the world
came from youtube recommend, nice video!
Thank you!
The highways are public, and they lose money as well. the wages paid to transit employees lubricate the local economy.
"Can I speak english today?"
Real struggle😂😂
I subscribe to an oddly large amount of Czech CZcamsrs. 🤷♂️ It's good content.
Thank you? glad you like my content
One thing that surprises me is that you didn't mention the privatised rail system of the UK and the deregulated buses in the UK. Those are companies who run public transport to turn a profit and nothing else.
I will definitely talk about the privatization of rail in the UK and more in a future video!
My city is slowly getting rid of the ads as they didn’t bring much money but were an eyesore.
Transit in general is in this weird spot where people aren’t willing to pay a lot for it (either have a car or can’t afford to), while it needs to compete with cars which people don’t mind spending a significant amount of money on.
I don’t like transit oriented development because it is essentially creating high density suburbs. It has the drawbacks of blocks of flats and drawbacks of suburbs (being far from everything, having to ride for a considerable amount of time to get to most things).
They could be a great asset though when built in medium to low density (terraced houses), next to existing tram or train lines far from the city.
Overall this was an interesting video highlighting the ways transit operators can make money
Transit is in quite a predicament, yeah.
My opinion on TOD is that if done right, it can be great
and glad you liked the video!
Japan's metro is profitable
Yes, it is. I included only the London Underground, and then the MTR as examples, I didn't want the video to be too long
Also consider Tokyo is the largest metro area by population... There is the critical mass for revenue but i it is an outlier, not the norm. Making it a standard to reach profitability is realistic
4:02 you'd need to be deaf too to not notice the ad jingles!
Great video!
Thank you!
My adopted home transit system of Bart has been working on developing station-adjacent land that they own. I’d say quick completion of these developments is vital to Bart’s continued viability, if so many of the developments didn’t feature huge money-pit parking garages. You’re a transit agency, develop for fucking transit!
Absolutely. Minimum parking requirements are a scourge on cities.
That happens...
But rail + property causes house prices to skyrocket
that why rent control works on high density transit oriented mixed use developments so that there is less variance between all the variables