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By higgicd (registered) | Posted March 15, 2017 at 16:34:12 in reply to Comment 120906
Re: Revenue - rather than the private company take on revenue risk (e.g. fares and ridership to cover costs), in transit PPPs it is often the case that the public sector pays an 'availability payment' to the operator. This payment sets out minimum service levels that must be met. Assuming we did the same, and we probably will, it will mean all fare revenue is retained by the city with fixed costs paid to the operator to cover operations/maintenance.
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