Sustainable Development of Urban Bus Transit Under Financial Constraints
Affected by the slow growth in urbanization, the competition of emerging diversified travel modes, and the epidemic situation of COVID-19 infection, the development of bus transit is faced with problems such as the decreased passenger volume and the tight enterprise cash flow. This paper analyzes the external and internal reasons for the difficulties faced by public transportation enterprises from the per-spective of the scale of bus transit networks, the growth inertia of bus fleets, operating road environments, enterprise management environment, and incentive mechanisms for enterprises. It is suggested that one im-portant direction for the sustainable development of bus transit is to gradually transition to government pro-curement of public services. To establish the foundation for the government to purchase public services, it is necessary to standardize the operation of bus transit from three aspects: industrial technical standards, quantitative financial calculations, and regulatory mechanisms under budget constraints. Finally, the paper puts forward a series of urgent and practical suggestions to address the current difficulties in bus transit de-velopment.
bus transitsustainable developmentoperationgovernment regulationsubsidy