A cost-benefit analysis of increased investment in Melbourne's public transport system

Abstract

The paper considers economic effects of increased investment in public transport in Melbourne, based on investment plans of VicRail and the M.M.T.B. over a 5 year period, 1981–5. If the investment were to encourage a shift in patronage from private to public transport, this would change the magnitude of costs associated with passenger transport in Melbourne. Calculations are made of these possible cost savings, given particular levels of shift in patronage. The paper concludes by reviewing the feasibility of achieving given patronage changes.

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