An occasional update on items from the Transit City.
LESSONS FROM LONDON
Public transportation in London achieves the sort of financial efficiency that most U.S. transit agencies can only dream of matching. Last year, Transport for London (TfL) (had) a recovery rate of roughly 70 percent. … By the end of this decade, TfL expects to break even across its entire system—meaning it won’t need any public subsidies for operations at all.
So what makes TfL so efficient? Five lessons here.
- Make Fare Increases Routine
- Improve Service in Cost-Efficient Ways
- Embrace Technology
- Find Secondary Revenue Sources
- Congestion Pricing Won’t Solve Everything
[You can make a reasonable case that TransLink is doing pretty much off all of them. But who wants a reasonable case?]
Bus service accounts for 80 per cent of transit service across the region. And TL has released the latest review of service – summary report here.
Takeaway: Ridership is up three per cent in three years, with South of the Fraser leading the way in growth.
ULI REPORT ON BROADWAY CORRIDOR
The expert panel from the Urban Land Institute (ULI) released the final report regarding development along the proposed UBC-Broadway Corridor Rapid Transit project.