“When you look at the situation in London, for example, where they have and of course in Japan, they have economies of scale at a level that Sydney doesn’t have,” he said.
“That’s why I was delighted with the success we had during the free period of the show, as Sydney once again fell in love with public transport.”
The report found that Sydney’s public transport losses were massive compared to other major cities around the world, with London recovering 91%, Toronto 73% and Chicago 55%.
The state’s intercity rail network — which connects the city to Hunter, Illawarra and Central West — is the worst-performing asset, recouping just 10% of the money it costs to operate it. Sydney ferries rank first, recouping 45% of costs.
The long-term strategy outlined several options for raising revenue, including changes to public transport fares to “reflect the true cost of travel” and levies on new developments, as well as boosting ridership.
Ridership on Sydney’s transport network has fallen to historic lows during the COVID-19 pandemic, impacting fare revenue. During the Sydney Delta lockdown, patronage was just 8% of pre-pandemic levels.
the Herald also revealed that the paper discusses turning Parramatta into a rapid rail hub and even offered the option of a congestion charge for Sydney’s CBD.
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