Liverpool City Region Bus Franchising
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RE: Liverpool City Region Bus Franchising
(24/07/2023 00:12)CUL 73V Wrote: The reality is that in order to put this into practice, it's going to cost money the city region cannot afford. Start up costs would require a £341 million loan, with associated interest payments estimated at £140 million. Additional capital will also have to be borrowed to purchase depots and fleets from operators. Estimated interest payments for this loan are £150 million. When you add all of those figures up, we're looking at close to a billion pounds to implement bus franchising in the Liverpool City Region. This simply isn't a worthwhile investment whichever way you look at it. Cheaper fares won't happen, nor will less profitable services be reinstated because that money will need to be paid back within a reasonable time period. A significant increase in ridership would be required, which franchising isn't going to achieve. There's no incentive for car drivers to leave their car at home and use the bus instead.I want to touch onto this a little bit, they withdrew the X1 a few years ago because apparently it was getting no money but what they weren't thinking is that it was earning them money during the peak hours and throughout the day, I couldn't even get a seat sometimes if I got on at the Old Town! I know I was young when the X1 was around but trust me, I remember. Another reason they withdrew it was because of dickheads throwing things at the buses when MP Travel had it but with the money they were getting off the X1 before the pandemic, they easily would of had about £1,200 a day as my estimate. If we also think about the PVR for the route, Arriva used to use 4 buses covering a half hour service which if we think about it, that isn't too bad. I do get how it would have been about £200-£300 per bus a day but with the money they were getting off the X1 + other routes at that time, it could have easily been covered. |
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