The public transport sector is changing. Public transport policy is aiming at a more realistic and businesslike relation between state and transport companies. To achieve this, public transport authorities have been created which grant concessions to public transport companies for a certain area and a certain period of time. The public transport authority is responsible for the financial conditions of the concession as well. It can apply traditional sources of financing such as state contributions and ticket revenues, but it can also apply new instruments. One of the new options is to cream off economic benefits which fall to third parties as a result of good accessibility by public transport. One can think of companies and institutions which benefit of good accessibility by public transport. In three cases, the authors investigated which economic revenues fall to which parties. The analysis points out that there is a substantial number of parties which gain economic revenues from a good accessibility by public transport. Therefore, the conclusion is that there is a financial basis for the contribution of third parties to the financing of public transport. In addition, the authors investigated which instruments are available to the public transport authority for creaming off economic revenues. It is concluded that several instruments are available. However, these instruments require a good organisational structure of the public transport authority. If these conditions are fulfilled, creaming off economic revenues can be a powerful instrument to finance public transport. (A) For the covering abstract of the conference see ITRD E206647.
Abstract