Tag: Rail Funding

The Greater Wellington Regional Council (GWRC) 2019/20 Annual Plan Public Transport (PT) collects revenue of $304.4M to fund the cost of providing the regions PT services.  The GWRC calculates Metlink funding by subtracting fare revenue from the cost of the service and then allocates government subsidies and other revenue (such as loans) against the cost of providing each line item of PT services and the final deficit being the amount to be funded through the GWRC Transport Rate as outlined below:

NOTE1: All figures in this analysis are to the nearest dollar. … Read more ...

Public Transport