How was the high-speed train fare structure determined for the ridership forecasts?
The Authority concluded that the capital costs of the high-speed train system would need to be largely publicly financed, regardless of the ticket prices for the high-speed train passengers. The Authority also defined a practical approach to construct, operate, and finance an HST system that would yield solid financial returns to the state and provide transportation benefits to all Californians. The fare structure used to produce the ridership and revenue forecasts used by the Authority was selected because it increased ridership (e.g., user benefits) while not losing significant passenger revenue, and therefore maximized the potential benefits of the system. Under this fare structure, HST fares were set to equal 50% of the average airfare (at the time of the analysis) for travel between San Francisco and Los Angeles. However, the HST system is expected to be priced based upon the distance traveled, as opposed to air transportation within California where shorter distance intercity tri
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- How was the high-speed train fare structure determined for the ridership forecasts?
