Samenvatting
This paper examines the privatisation of public transport in Melbourne. It considers the contracts signed by the private operators, the financial and patronage projections embodied in those contracts, and the actual results. It seeks to explain the divergence between the projections and the reality and thereby assess the effectiveness of the Melbourne privatisation policy in meeting fiscal and environmental objectives. (Author/publisher) For the covering entry of this conference, please see ITRD abstract no. E209537. This paper may also be accessed by Internet users at: http://www.btre.gov.au/docs/atrf_02/program.html