Setting the structure and level of fares for public transport plays a crucial role in effective public transport policy design. At NineSquared, we can analyse the impact of fare initiatives to ensure your policy objectives are met.
Why is fare setting important?
Fare setting can be a complex process with many factors at play. Ensuring that fare products, policies and prices contribute to overall policy objectives while meeting revenue targets is critical to the on-going success of a public transport service as part of the overall transport mix in urban settings. Understanding how products, policies and prices interact and how they are supported or constrained by technology and broader policy considerations all need to be taken into account in the fare development process.
Fare setting expertise
NineSquared consultants have significant experience in fare setting, including:
- Transport supply costs analysis
- Willingness to pay assessment
- Demand forecasting
- Fare zone reorganisation
- School transport fare analysis
- Consumer and supplier subsidy analysis
- Automated fare collection systems
- Forecast fare models
- Monte-Carlo risk analysis
- Fare Benchmarking