26 May. 2013
- Press kit
Public transport operation and capital investment costs have grown significantly in the last decade due to increased demand, increased quality expectations from customers, and growing cost of production factors (chiefly labour and energy). Local or regional governments usually support most of the gap between commercial revenue and operating costs. In developed economies, this represents on average about 50% of public transport operating costs. In general, funding from local or regional governments for public transport operation comes from their general budget. In the context of slow economic growth and public debt crisis, there is increasing pressure on the resources that public authorities may allocate, notably, to public transport. In the long term, population aging and the related increase in pension and healthcare costs will constitute additional funding challenges.