Title: THE POTENTIAL OF A RAIL RAPID TRANSIT SYSTEM
Abstract: The potential of rapid transit lies in its ability to move large numbers of people comparatively quickly along a given corridor with minimum disturbance to the surrounding environment. The term mass transit is more correct because such a system is not economically justifiable unless it is moving a large mass of people. The cost of providing the basic structure is invariably high and so is the cost of running the minimum acceptable level of service. To cover these costs alone a large number of passengers must be carried, but the extra cost to cater for more passengers is quite small. In accountancy terms, the break-even point is high but once it is reached the marginal cost incurred by extra services is small and hence profitability increases rapidly above the break-even point.
Publication Year: 1973
Publication Date: 1973-07-01
Language: en
Type: article
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