MOVE BRT: A new path for urban mobility in Belo Horizonte
EMBARQ Brazil celebrates the launch of Belo Horizonte’s first bus rapid transit system Source: EMBARQ Having launched on March 8, 2014, Belo Horizonte’s first bus rapid transit (BRT) system – MOVE – has already had significant benefits for the city’s residents. Aiming to test its efficiency, a local press team traveled the same route by […]
Incentives in Bus Concession Contracts: A Review of Several Experiences in Latin America
Abstract This paper reviews the incentive structure of concession contracts in several Latin American transit reforms. It also presents a conceptual analysis of the optimal design of concession contracts. The conceptual discussion and case studies reviewed indicate that payment to operators should be linked to operational variables and that some demand risk should optimally be […]
