Infrastructure Requirements
In addition to infrastructure that is available for all road traffic, principally the road system itself, the main categories of infrastructure required for an urban bus system are:
It’s necessary to consider the infrastructure requirements for the selected public transport system, and, where necessary, to consider the most appropriate form of ownership and methods of charging for its use.
quirements. Construction of such a model is a complex task.
Initially, the financial model builder uses existing bus system data to model the “baseline” situation. A variety of forecasting techniques are then used to project future bus operating and capital costs and the amount of revenues required to fund these costs. The model also takes into account the cost and funding sources for bus system infrastructure improvements.
As the bus system shifts toward greater degrees of private contracting, the financial model relies on the bids submitted by the private bus operators for a significant amount of cost data.
To insure reliable data for the financial model, the authority may require private contractors to submit audited annual financial statements that corroborate its monthly or periodic regulatory and contract compliance reports.
