"Even in China, the sustainability of railway debt arising from the programme as it proceeds will need to be closely monitored and payback periods will not be short, as they cannot be for such 'lumpy' and long-lived assets,"
A new report by the Regional Planning Association (RPA) confirms the tremendous economic benefits that public transportation can bring to communities. Construction of the trans-Hudson River tunnel as part of the Access to the Region’s Core (ARC) project could potentially raise housing values by $18 billion and generate an additional $375 million in property tax revenues for communities with stations along lines utilizing the tunnel. Households living within two miles of a transit station on the NJ TRANSIT system or MetroNorth’s Port Jervis and Pascack Valley lines could see their property values increase by $19,000. For those living within walking distance, the projected increase is even higher at $29,000. The new tunnel will also improve accessibility to midtown Manhattan, doubling the number of people living west of the Hudson River who can commute to midtown…
Somerville and Medford residents waiting to swipe their CharlieCards and ride the Green Line must now wait even longer. State officials disclosed Friday that completion of the project - discussed for decades, put off by a succession of administrations, and planned in earnest for the past five years - will be delayed again, until at least October 2015.... Read On
Spurred on by the growth of light-rail and commuter-rail networks along the Wasatch Front, mid-sized Murray is joining other cities eager for transit-oriented developments. "In 10 or 15 years, mass transit will play a critical role in the future success of this valley for economic and environmental purposes," said Murray Mayor Dan Snarr.... Read On
Somewhere in the learning curve about how best to take advantage of rapid transit technology, the San Francisco Bay Area took a wrong turn. Despite a long history of walkable, moderately scaled urbanism in many of the area's cities epitomized by San Francisco, beginning in the 1960s planners and political leaders became obsessed with a different vision for how the place should look and work.... Read On
Over the past two decades, Germany has improved the quality of its public transport services and attracted more passengers while increasing productivity, reducing costs, and cutting subsidies. Public transport systems reduced their costs through organizational restructuring and outsourcing to newly founded subsidiaries; cutting employee benefits and freezing salaries; increasing work hours, using part-time employees, expanding job tasks, and encouraging retirement of older employees; cooperation with other agencies to share employees, vehicles, and facilities; cutting underutilized routes and services; and buying new vehicles with lower maintenance costs and greater passenger capacity per driver. Revenues were increased through fare hikes for single tickets while maintaining deep discounts for monthly, semester, and annual tickets; and raising passenger volumes by improved quality of service, and full regional coordination of timetables, fares, and services. Those efforts by…
Train traffic can be a terrible thing -- to waste. Hoping to lure TRAX and FrontRunner riders for decades to come, Salt Lake City has signed off on its development vision for the dilapidated Depot District just east of the transit hub. Those blocks would include a "festival" street along 300 South and a year-round public market.... Read On