The Unique Genius of Hong Kong's Public Transportation System
New Yorkers are famous for complaining about the city's subway: despite an ever-increasing rise in fares, service never seems to get any better. And even still, ticket-sales still only funds part of the New York City subway system; the city still relies on supplementary taxes and government grants to keep trains running, as fares only cover about 45 percent of the day-to-day operating costs. Capital costs (system expansions, upgrades, and repairs) are an entirely different question, and require more state and federal grants as well as capital market bonds. And New York’s system is not unique: as in other cities, New York struggles to pay existing expenses and must go into debt to pay for upgrades, that is, without raising prices.Is this problem intractable? Not exactly. Take Hong Kong for example: The Mass Transit Railway (MTR) Corporation, which manages the subway and bus systems on Hong Kong Island and, since 2006, in the northern part of Kowloon, is considered the gold standard for transit management worldwide. ...
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