P. 1
Final Report - Honolulu Rail Transit Financial Plan Assessment

Final Report - Honolulu Rail Transit Financial Plan Assessment

|Views: 393|Likes:
Published by Craig Gima
Complete final report of the Honolulu Rail Transit Financial Assessment ordered by Gov. Linda LIngle.
Complete final report of the Honolulu Rail Transit Financial Assessment ordered by Gov. Linda LIngle.

More info:

Published by: Craig Gima on Dec 03, 2010
Copyright:Attribution Non-commercial

Availability:

Read on Scribd mobile: iPhone, iPad and Android.
download as PDF, TXT or read online from Scribd
See more
See less

11/08/2011

pdf

text

original

Finally, it must be understood that increasing ridership does not necessarily equal proportionally
increased farebox revenue. In metropolitan areas where there are other mass transit options,
cannibalization of farebox revenues is certain to occur. This concern is especially pertinent in
transit systems that will charge one fee for the use of various transit options. Riders who already
pay to use the bus everyday through fare media such as monthly or weekly passes may not be
paying any more to use both the bus and the new rail line and those that use transfers may pay
only slightly more. Thus, even though the trains are more full because those riders are there,
farebox revenue has not changed. For a transit authority that manages various transit programs, it
is imperative that new services produce a greater number of paying riders, not just full train cars, or
operating subsidy requirements may increase significantly without any additional offsetting
revenues. Accurate estimates of how much (or little) will help public officials make better decisions
when considering major transit developments.

You're Reading a Free Preview

Download
scribd
/*********** DO NOT ALTER ANYTHING BELOW THIS LINE ! ************/ var s_code=s.t();if(s_code)document.write(s_code)//-->