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by loeg
1237 days ago
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> The farebox recovery ratio in many western nations are not enough to ever fully fund public transport. True, with emphasis on fully. > In many cases, the systems to collect fares end up costing hundreds of millions of dollars. That figure seems extremely high for "many cases," but the exact figure isn't really material. > These costs are never made back. It makes sense to make it free. No, that's just not true. My local metro spent $17 million on fare collection to net $167 million in revenue (2019). It would have to cut $150 million in other service to go to free fares. |
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https://en.wikipedia.org/wiki/Farebox_recovery_ratio
In many parts of the developed world the ratio is 30% plus which can be an enormous amount of money. In Boston fare revenue is 500M .
Making things free would cause big issues for many of them as you say.