Communications - Scientific Letters of the University of Zilina 2014, 16(2):92-97 | DOI: 10.26552/com.C.2014.2.92-97

The Importance of the Risk in Public Passenger Transport Financing

Milos Poliak1, Stefania Semanova1, Peter Varjan1
1 Department of Road and Urban Transport, Faculty of Operation and Economics of Transport and Communications, University of Zilina, Slovakia

The paper deals with the importance of the risk in financing public passenger transport. The first part analyses the risks affecting financing public passenger transport. These risks can be divided into two basic groups: cost risks and revenue risks. The second part describes the ways of dividing risks between contractual parties. The risk determination in financing public passenger transport is discussed in the last part of the paper

Keywords: transport, financing, risk, factor, region, public

Published: April 30, 2014  Show citation

ACS AIP APA ASA Harvard Chicago Chicago Notes IEEE ISO690 MLA NLM Turabian Vancouver
Poliak, M., Semanova, S., & Varjan, P. (2014). The Importance of the Risk in Public Passenger Transport Financing. Communications - Scientific Letters of the University of Zilina16(2), 92-97. doi: 10.26552/com.C.2014.2.92-97
Download citation

References

  1. Regulation of the European Parliament and of the council (EC) No. 1370/2007 on public passenger transport services by rail and by road and also national regulations of SR (Law No. 56/2012 Z. z. on road transport and Law No. 514/2009 Col. on railway transport).
  2. VAN DE VELDE, D.: A New Regulation for the European Public Transport.Research in Transport Economics 22 (2008), 2008, pp. 78-84. Go to original source...
  3. Law No. 56/2012 Col. on road transport.
  4. Internal materials of Bardejov town (City bus service contract in the town of Bardejov).
  5. City bus service contract between operator of BKV and the town of Budapest, in 2008.
  6. Decree No. 296/2010 Col. of the Czech Republic On Methods for Determining Financial Model and Defining Maximum Level of Compensation.
  7. STANLEY, J., VAN DE VELDE, D.: Risk and Reward in Public Transport Contracting.Research in Transport Economics 22, 2008, pp. 20-25. Go to original source...
  8. HENSHER, D. A., STANLEY, J.: Performance-based Quality Contracts in Bus Service Provision.Transportation Research A, No. 37, 2003, pp. 519-538. Go to original source...
  9. VAN DE VELDE, D., BECK, A., VAN ELBURG, J., TERSCHUREN, K.: Contracting in Urban Public Transport. Amsterdam: European Commission, 2008, p. 123.
  10. STANLEY, J., VAN DE VELDE, D.: Risk and Reward in Public Transport contracting.Research in Transport Economics 22, 2008, pp. 20-25. Go to original source...
  11. Statistical Office of the Slovak Republic.
  12. CETIN, U., INCE, N., BAYINDIR, P., SAVASANERIL, S.: Route Selection and Scheduling for Urban Public Bus Transportation. Communications - Scientific Letters of the University of Zilina, No. 1, 2013, pp. 19-24. Go to original source...
  13. NOSAL, K.: How to Change the Travellers' Mobility Behaviours? - Examples of Mobility Plans. Communications - Scientific Letters of the University of Zilina, No. 4, 2009, pp. 52-55. Go to original source...
  14. FAITH, P.: Passenger Road Transport Trends in the Slovak Republic. Communications - Scientific Letters of the University of Zilina, No. 3, 2008, pp. 33-39. Go to original source...
  15. STANLEY, J., VAN DE VELDE, D.: Risk and Reward in Public Transport Contracting, Research in Transport Economics 22, 2008, pp. 20-25. Go to original source...
  16. GNAP, J., KONECNY, V., POLIAK, M.: Elasticity of Demand in Public Passenger Transport. Economic J., vol. 7, No. 54, 2006.
  17. Enactment of Authority for rail transport regulation No. 654//2005 Z. z. which determines extent of price regulation in rail transport and price assessments of self-governing regions, which determine maximum prices at national regular bus service on condition that distance between initial stop and final stop is maximum 100 km.
  18. POLIAK, M.: Risk Analysis of Financing Public Passenger Transport. Transport and Communications - Scientific J. 2011-2, ISSN 1336-7676, pp. 125-135.
  19. HENSHER, D. A., WALLIS, I. P.: Competitive Tendering as a Contracting Mechanism for Subsidizing Transport. J. of Transport Economics and Policy, vol. 39, part 3, 2005, pp. 295-321.
  20. VAN DE VELDE, D., VEENEMAN, W., SCHIPHOLT, L. L.: Competitive Tendering in the Netherlands: Central Planning vs. Functional Specifications. Transportation Research A, No. 42, 2008, pp. 1152-1162. Go to original source...
  21. WALLIS, I., BRAY, D., WEBSTER, H.: To Competitively Tender or to Negotiate - Weighing up the Choices in a Mature Market, Research in Transport Economics 29, 2010, pp. 89-98. Go to original source...
  22. CIPRA, T.: Insurance Mathematics-Theory and Practice (in Czech), vol. 2, 2006.

This is an open access article distributed under the terms of the Creative Commons Attribution 4.0 International License (CC BY 4.0), which permits use, distribution, and reproduction in any medium, provided the original publication is properly cited. No use, distribution or reproduction is permitted which does not comply with these terms.