Published: May 2010 | Category: Public transport , Planning, design, funding, building, maintenance of the transport network , Guidance for specialists | Audience: Local & regional government
The National farebox recovery policy which was introduced in 2010, included a target to achieve a national farebox recovery ratio of no less than 50% over the course of the next two National Land Transport Programme (NLTP) cycles – that is, to the end of the 2015-18 NLTP. This means the initial target has not applied since mid-2018.
While at this stage the Transport Agency is not proposing to introduce a new target, the underlying principles of the current policy still apply when developing regional fare policies:
Monitoring of farebox recovery rates using the methodology and reporting process specified by the Transport Agency is still required.