@ajsadauskas@Danwwilson@TheOne - the Japanese include all revenue, not just fare revenue, and they make money from real estate at/around train stations.
@tom_andraszek@Danwwilson@TheOne Renting real estate above and around train stations is a model we should look a lot more at in Australia.
It means transport-oriented developments around stations, with the rents feeding back into covering the cost of train services.
There are some great examples of this in Australia already too. Chatswood and St Leonards in Sydney; Box Hill and Melbourne Central in Melbourne spring to mind.
It certainly makes a lot more sense than having open air car parks.
@ajsadauskas @Danwwilson @TheOne - I forgot about Hong Kong, and Japan with many private rail operators: https://en.m.wikipedia.org/wiki/Farebox_recovery_ratio
@ajsadauskas @Danwwilson @TheOne - the Japanese include all revenue, not just fare revenue, and they make money from real estate at/around train stations.
@tom_andraszek @Danwwilson @TheOne Renting real estate above and around train stations is a model we should look a lot more at in Australia.
It means transport-oriented developments around stations, with the rents feeding back into covering the cost of train services.
There are some great examples of this in Australia already too. Chatswood and St Leonards in Sydney; Box Hill and Melbourne Central in Melbourne spring to mind.
It certainly makes a lot more sense than having open air car parks.