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This is true, but essentially every transit system in the world (minus Hong Kong and Singapore's) operates at a loss. Maybe you can save money vis a vis unioni
by stefan8r 7y ago
This is true, but essentially every transit system in the world (minus Hong Kong and Singapore's) operates at a loss. Maybe you can save money vis a vis unionized drivers, but I'm not wildly optimistic.
- shorts_theory 7y agoTo my knowledge, Singapore's SBS Transit loses money on their transportation business, but makes it up with their construction projects.
- delackner 7y agoThis is untrue. Tokyo Metro is one of the largest systems by ridership in the world, and operates at a profit. It does have sizable capital investments that take years to pay down. This also completely ignores the halo effects of these systems that vastly increase the economic output of the region. This is why it is often logical for the state to pay for the system, since the costs are centralized and the profits are distributed.