The use of PPPs to expedite transit capital projects can also have significant impacts on agency ridership, revenues, and project funding requirements. Increases in transit agency revenues and ridership from the facility can result from advancing the scheduled opening date for fare-paying customers to begin to use the facility. PPP arrangements can also expedite the provision of mobility benefits to patrons of transit facilities and services by reducing the timeframe for project development and delivery.
As noted above, many of the transit capital projects delivered using a PPP approach reduced the timeframe for project delivery and initiation of revenue service. In each of these cases, the sponsoring agency was able to increase both ridership and revenues by bringing the projects on-line for revenue service earlier than using a more traditional project delivery approach. This benefits both the sponsoring transit agencies and their patrons.