Balancing financial sustainability and affordability in public transport : the case of Bogota, Colombia ; prepared for the Roundtable on Income inequality, social inclusion and mobility (4-5 April 2016; Paris, France)
Camila Rodríguez Hernández (The World Bank Group, Washington DC, United States), Tatiana Peralta-Quiros (The World Bank Group, Washington DC, United States)
In order to meet the challenges of providing affordable public transit services for the urban poor and at a cost that doesn't impinge on the system's financial sustainability, cities can consider setting fares at "cost recovery" levels for the majority of the population and targeting subsidies to those who need them most. Bogotá is a case in point - the new public transport system was designed so fares are set close to "cost recovery" levels to aim for greater financial sustainability. To provide affordable services, the city leveraged the adoption of smartcards in its new public transit system and the country's poverty targeting instruments to implement a pro-poor public transit subsidy. This paper presents a critical analysis of Bogotá's experience with trying to balance financial sustainability and affordability. The paper describes some of the features of Bogota's tariff policy, namely, the concept of tariff set at "cost recovery" levels and lessons learnt in trying to achieve financial sustainability. The paper also lays out the rationale, design and implementation of Bogota's pro-poor public transit subsidy, and the subsidy's impact on its beneficiaries.
Year of publication: |
April 2016
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Authors: | Hernández, Camila Rodríguez ; Peralta-Quiros, Tatiana |
Institutions: | ITF Round Table on Income Inequality, Social Inclusion and Mobility <2016, Paris> |
Publisher: |
Paris : International Transport Forum |
Subject: | Bogota | Kommunalhaushalt | Municipal budget | Nachhaltigkeit | Sustainability | Armutsbekämpfung | Poverty reduction | Öffentlicher Nahverkehr | Local public transport | Fahrpreis | Fare | Kolumbien | Colombia |
Saved in:
freely available
Extent: | 1 Online-Ressource (circa 23 Seiten) Illustrationen |
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Series: | Discussion paper / International Transport Forum. - Paris : OECD, ISSN 2223-439X, ZDB-ID 2625084-6. - Vol. no. 2016, 16 |
Conferences: | Roundtable on Income Inequality, Social Inclusion and Mobility ; (Paris) : 2016.04.04-05 |
Type of publication: | Book / Working Paper |
Type of publication (narrower categories): | Konferenzschrift ; Conference proceedings ; Arbeitspapier ; Working Paper ; Graue Literatur ; Non-commercial literature |
Language: | English |
Other identifiers: | hdl:10419/173924 [Handle] |
Source: | ECONIS - Online Catalogue of the ZBW |
Persistent link: https://www.econbiz.de/10011547783