Transit privatization is the process of shifting the provider of public transportation from governments to privately held companies. It became common during the 1980s and 1990s as a result of rising costs and bureaucracy, and declines in service quality.1 Privatization efforts have had mixed results, typically achieving the goal of reducing public debt and expenditure, however often resulting in reduced service and financial issues.2
References
References
- Scholl, Lynn (2006). "Privatization of Public Transit: A Review of the Research on Contracting of Bus Services in the United States". Berkeley Planning Journal. 19 (1). eISSN 1047-5192.
- Lingmark, Jenny; Attolini, Franco (2019-11-04). Driving forces for rail privatization; a case study of the Norwegian railway reform (PDF) (Report).