Category: Public Transport

  • The 2018/19 Fare Review reported these Farebox Recovery Ratios: Rail 49.9%; Bus 59.6%; Total 55.1%.
  • The report recommended a 3% fare increase is needed.
  • The supporting spreadsheet based these ratios on the following: Rail Revenue: $51.4M; Rail Cost: $103.1M; Bus Revenue: $50.3M; Bus Cost: $84.4M.
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Public Transport

  • This 2017 Fare Structure Review recommended a range of fare changes including for students, free transfers for buses and free buses for rail monthly pass holders outside Wellington City. These fare changes will lead to a $7.5M fare revenue loss.
  • Therefore the review included compensatory a 3% fare increase to recover $2.1M in extra revenue
  • The supporting spreadsheet contained the detailed modelling behind the new fares and confirmed the 3% fare increase was based on PT costs remaining the same as 2017/18 at $192.3M.
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Public Transport

  • The 2017/18 fare review reported these Farebox Recovery Ratios: Rail 57.3%; Bus 59.3%; Total 58.2%.
  • The review recommended no fare increase is needed.
  • Surprisingly, the supporting calculation spreadsheet had different Farebox Recovery Ratios: Rail 59.3%; Bus 56.0%; Total 58.2%.
  • The supporting spreadsheet based these ratios on the following: Rail Revenue: $50.5M; Rail Cost: $85.1M; Bus Revenue: $57.7M; Bus Cost: $103.1M; Total PT Revenue: $112.0M; Total PT Cost: $192.3M.
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Public Transport

  • The GWRC has its own Farebox Recovery Policy to comply with the NZTA National Farebox Recovery Policy.
  • The GWRC Farebox Recovery Policy currently states that fares must contribute between 55% and 60% of the direct operating costs of the region’s bus services; 55% – 60% of rail services and 55%- 60% of the public transport network as a whole.
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Public Transport