Month: <span>May 2018</span>

Published 31 May 2018

The Fare Increase is only needed because the GWRC has added Rail Costs

  • In the Farebox Recovery Calculations, Rail Operating Costs have increased by $17.9M.
  • However, only $8.4M of rail costs were funded as Direct Operating Costs in 2017/18
  • Over half the $17.9M rail operating cost increase is from an additional rail cost item. 
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Public Transport

Fares Rail Cost

Published 23 May 2018

They saved over $18M on the buses so are bus users now paying too much ?

  • The new fares will lead to a net loss of $3.0M in Bus Fare Revenue and $2.7M in Rail Fare Revenue.
  • Bus fare revenue is paying a much higher percentage of bus operating costs than rail fare revenue is for rail costs  This means that for every $1.00 a Wellington bus user pays in fares, 9 cents will be going towards the cost of rail services.
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Public Transport

Fares

Published 22 May 2018

What do you mean you saved $18M on Buses but spent it on the Trains ?

  • In 2016 the GWRC announced it expects a multi-million dollar PT cost saving from its new passenger rail PTOM contract with TransDev.
  • In 2017 the GWRC announced it also expects multi-million dollar PT cost savings from its new bus PTOM contracts.
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Public Transport

Fares