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How much will a ride cost? |
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Written by Administrator
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Friday, 09 February 2007 |
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Transit fares are normally set as a matter of public policy, and are as high as the public will bear without significantly reducing ridership. In most conventional systems, the fare covers only about 30% of the operating cost and capital cost is never recovered. Thus, present transit systems require large government subsidies. Because of its low capital and operating costs, PRT systems will be able to charge fares that are comparable to conventional mass transit, yet will require little or no subsidy. This will permit systems to be installed in communities that need transit but don't have access to large government subsidies.
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