The sustainability of public transport operation based on financial point of view

Abstract

One of the keys to be successful in transport modeling is indicated by how large the transfence of private users to public transports. The public transport role to solve the problem of traffic jam in urban areas is indisputable. It is undeniable that public transport is a very efficient mode in using road space. For that reason, the sustainability of public transport becomes a necessity that must be achieved. When there is no possible way to minimize the operating cost, the only way is by raising the revenue. The revenue really depends on the number of passengers and not by raising fare, as the fare has been set by the government. This paper attempts to analyze the financial resilience on public transport in Surakarta City i.e. Batik Solo Trans (BST) based on the data of users demand on public transport. This study found that the total of real passengers per year was very few that there were only 87, 908 passengers and the financial loss related to the BST operation was Rp. 291,302,006.00 per year. If it happens continuesly, the sustainability is difficult to maintain, unless the Surakarta Municipal Government is willing to cover the loss. The operation of BST will reach break even point if the number of passengers reach 161,056 people per year.

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