Making Money in Public Transit

Public transit is expensive, and most transit agencies don't make money. But Hong Kong's MTR is different.

Writing for Citiwire, Alex Marshall looks at how the expansive system is able to turn a profit.

"The Hong Kong's metro system has been in the news in the New York city region because the chief of New York City's transit agency, the Metropolitan Transportation Authority, shocked the region by announcing his departure to lead Hong Kong's system for a million-dollar plus annual salary. He left at a particularly bad time, breaking a seven year contract just as the MTA was facing yet another round of funding gaps and necessary cuts.

Given the perennial money-losing nature of most transportation departments, from highways to rail, it bears asking: how does Hong Kong do it?"

Full Story: Transit Secrets: Learning From Hong Kong

Comments

Build Your Own Paper Block City

Urban Fold is an all-inclusive kit that allows anyone to build the city of their dreams with a few simple folds.
$24.95
building block set

NEW! Build the world you want to see

Irresistible block set for adults when placed on a coffee table or desk, and great fun for kids.
$25
AICP CTP Storefont Display

The first online AICP* CTP exam prep class

Are you ready to take the AICP* Certified Transportation Planner exam?
Priced at $245 for May exam!
T-shirt with map of Chicago

Show your city pride

Men's Ultrasoft CityFabric© tees. Six cities available.
$23.00