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In 2020, a sharp drop in patronage has led to a sharp reduction of revenue of around 70-90% with serious implication to the transport sector. Since then, network’s farebox coverage has not been recuperate it pre-COVID-19 levels. Cities have begun to adapt and revise their fare policies to respond to this issue, as well as include new mobility behaviours and travel patterns.
This webinar will seek to provide an overview of various key debates in fare policy, namely: adaptation of fare policies and structures, creation of new products and how to ensure fare affordability and equity in our transport networks.
This webinar will address the following questions:
The Transport Economics Committee and the Organising Authorities Committee are planning a series of sessions on funding and financing. This is a key question to address today’s uncertain near future and reflexions on the future funding and financing model of public transport.
This first of these sessions is about fare policies and income generated by transport users.
This webinar will be moderated by Hilia Boris Iglesia, Manager – Knowledge & Innovation, UITP.