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Financial sustainability of rail transit service: The effect of urban development pattern

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  • Wang, David Z.W.
  • Lo, Hong K.

Abstract

The positive correlation between urban population density and transit service patronage is well recognized, as was ascertained via statistical approaches in previous studies. In this study, we seek to derive some prescriptive results of the relationship between urban population density and the financial sustainability of rail transit service. We consider an idealized metropolitan region with a central business district (CBD) at its center, whose population is distributed according to a certain density gradient pattern. Trips generated from the region to the CBD are either served by the rail service supplemented with feeder buses, or by autos. We study the effect of urban development density on the financial sustainability of the rail service by examining the supply and demand patterns. The analysis result sheds light on the threshold urban density required to ensure financially sustainable rail transit service. The result also provides guidelines to policy makers for planning urban developments with financially sustainable rail services.

Suggested Citation

  • Wang, David Z.W. & Lo, Hong K., 2016. "Financial sustainability of rail transit service: The effect of urban development pattern," Transport Policy, Elsevier, vol. 48(C), pages 23-33.
    • Handle: RePEc:eee:trapol:v:48:y:2016:i:c:p:23-33
    DOI: 10.1016/j.tranpol.2016.02.007
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    References listed on IDEAS

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    Cited by:

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    2. Li, Zhi-Chun & Ma, Jia-Chun, 2021. "Investing in inter-city and/or intra-city rail lines? A general equilibrium analysis for a two-city system," Transport Policy, Elsevier, vol. 108(C), pages 59-82.
    3. Peng, Ya-Ting & Li, Zhi-Chun & Schonfeld, Paul, 2019. "Development of rail transit network over multiple time periods," Transportation Research Part A: Policy and Practice, Elsevier, vol. 121(C), pages 235-250.
    4. Peng, Ya-Ting & Li, Zhi-Chun & Choi, Keechoo, 2017. "Transit-oriented development in an urban rail transportation corridor," Transportation Research Part B: Methodological, Elsevier, vol. 103(C), pages 269-290.
    5. Yang, Xing-Qi & Huang, Hai-Jun, 2022. "Effects of HSR station location on urban spatial structure: A spatial equilibrium analysis for a two-city system," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 166(C).
    6. Xu, Shu-Xian & Liu, Tian-Liang & Huang, Hai-Jun & Wang, David Z.W., 2021. "Optimizing the number of employment subcenters to decentralize a congested city," Regional Science and Urban Economics, Elsevier, vol. 90(C).

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