Paying for Bike-Sharing Systems EXAMPLES and TRENDS from LATIN AMERICA Introduction
Paying for bike-sharing systems EXAMPLES AND TRENDS FROM LATIN AMERICA Introduction Bike-sharing systems (BSS) have played BOX 1 a key role in discussions around how to promote cycling in cities for more than Financing and funding (CFF, 2017) a decade. This role has further increased Financing: Related to how governments (or with the emergence of private dockless private companies) that own infrastructure find the money to meet the upfront costs of building said systems since 2015. There are now infrastructure. Examples: municipal revenues, bonds, thousands of BSS in operation in cities intergovernmental transfers, private sector. across the world, particularly in Europe, Funding: Related to how taxpayers, consumers or Asia, and North America. others ultimately pay for infrastructure, including paying back the finance from whichever source Creating a BSS, however, is not simply a matter of governments (or private owners) choose. replicating a model that has worked in another city. BSSs are one element of a city’s overall transport infrastructure, Examples: Taxes, municipal revenues, user fees like roads, buses, metros, bike lanes, sidewalks, etc. Their and sponsorship. implementation must be based around a city’s context, including: (a) the applicable laws and regulations with respect to planning and operation of a BSS; (b) its integration with public transport networks, particularly The financing and funding options for a BSS will be its ability to connect transport nodes with offices and dependent on the operational structure that the city residences; and (c) the potential of cycling as a mode of chooses. In all cases, the city will be involved in this transport in the city and any relevant sustainability or structure: the degree of involvement will depend on the development objectives (Moon-Miklaucic et al., 2018).
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