Transit privatization

Transit privatization is the process of shifting the provider of public transportation from governments to privately held companies. It became common during the 1980s and 1990s as a result of rising costs and bureaucracy, and declines in service quality.[1] Privatization efforts have had mixed results, typically achieving the goal of reducing public debt and expenditure, however often resulting in reduced service and financial issues.[2]

References

  1. ^ Scholl, Lynn (2006). "Privatization of Public Transit: A Review of the Research on Contracting of Bus Services in the United States". Berkeley Planning Journal. 19 (1). eISSN 1047-5192.
  2. ^ Lingmark, Jenny; Attolini, Franco (2019-11-04). Driving forces for rail privatization; a case study of the Norwegian railway reform (PDF) (Report).

See also

This article is issued from Wikipedia. The text is available under Creative Commons Attribution-Share Alike 4.0 unless otherwise noted. Additional terms may apply for the media files.