Tag: <span>Fares</span>

Published 06 Sep 2020

Wellington City Cheated by GWRC run Public Transport

Wellington City has the worst PT services yet pays the highest fares and the highest Transport Rates.

* About 20 cents in every dollar of fare paid by Wellington City Bus riders actually goes to help fund poorly used bus services in the rest of region
* About 40 cents in every dollar paid by Wellington City, Lower Hutt City and Porirua city residential ratepayers goes to subsidise expensive rail and poorly used bus services in Upper Hutt, Kapiti and especially the Wairarapa
* In 2017/18, Wellington City ratepayers outside the CBD paid 20% of the region’s Transport Rates and this more than pays for Wellington City public transport (PT) services. … Read more ...

Public Transport

Bus Cost Bus Funding Fares Rail Cost Rail Funding Transport Tax

Published 23 Feb 2020

Estimating PT Revenue and Rates for Wellington Bus and Rail Services

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

Bus Funding Fares Rail Funding

Published 17 Jul 2019

Wellington City Cheated by Public Transport Fares

* Wellington City Bus Users pay a much higher percentage of the cost of their bus service than the rest of the Greater Wellington Region
* This means Wellington City bus users are being overcharged by millions every year to support bus services in other cities
* Wellington City bus fares are too high and could be reduced by changing from 3 zones to 2 zones for the city

Wellington City has High Public Transport Fares

[Note: The information in this post is the basis for the DomPost story “Wellington City bus commuters ‘ripped off’ by new bus network and higher fares” also published today.]… Read more ...

Public Transport

Better Metlink Fares Review Fares Wellington Bus

Published 01 Jun 2018

Have PT costs really gone up to justify the July Fare Increase claimed by the GWRC ?

The Greater Wellington Regional Council (GWRC) claims Wellington public transport commuters needs a fare increase to fund cost increases.  So what happened to the many millions in cost savings they previously announced when they awarded the rail service to TransDev and most of the bus services to Transit ?… Read more ...

Public Transport

Fares

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. 
… Read more ...

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.
… Read more ...

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.
… Read more ...

Public Transport

Fares

Published 05 May 2018

GWRC 2018/19 Annual Plan Fare Review

  • 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.
… Read more ...

Public Transport

Fares

Published 05 May 2018

GWRC 2017 Better Metlink Fares Review

  • 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.
… Read more ...

Public Transport

Better Metlink Fares Review Fares

Published 05 May 2018

GWRC 2017/18 Annual Plan Fare Review

  • 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.
… Read more ...

Public Transport

Fares