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
[edit]- ↑ 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.
- ↑ Lingmark, Jenny; Attolini, Franco (2019-11-04). Driving forces for rail privatization; a case study of the Norwegian railway reform (PDF) (Report).
See also
[edit]- Deregulation
- Staggers Rail Act (act that deregulated rail in the US)
- Privatisation of British Rail
- Division and privatization of Japanese National Railways
- Bus deregulation in Great Britain
- Airline deregulation
- Railway nationalisation
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