In this video, L.E.K. Partner Mark Streeting discusses the pressing issue of fiscal constraints in Australia's public transport system. With farebox cost recovery continuing to decline, governments are struggling to cover the growing operational costs. As fare revenues only cover a small portion of the costs, maintaining high-quality services and ensuring adequate coverage becomes increasingly difficult. This video delves into the urgency of finding sustainable solutions to ensure that public transport can continue to meet the needs of communities, despite the growing fiscal constraints.
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