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SEARCHMaking fare increases routine is the first lesson to be gleaned. Last year, Transport for London boasted a fare recovery rate of roughly 70%.
Transport for London
Last year, Transport for London (TfL) spent $11.6 billion (US) operating its bus, rail, and metro systems, and generated $8.2 billion in revenue (mostly through fares). That's a recovery rate of roughly 70%, according to a CityLab post by Eric Jaffe.
By the end of this decade, TfL expects to break even across its entire system — meaning it won't need any public subsidies for operations at all, the report said.
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