Privatization of transit in Yokohama : social and financial impacts

This research examines both social and financial impacts of the privatization of municipally-owned transit systems from the perspective of a privatizing city and its citizens by studying the case of Yokohama, Japan's second largest city whose transit systems are now subject to privatization arguments. First, privatization models are defined based on two dimensions - degree of privatization and deregulation, which are frequently commingled and misused. Then, this research examines the social impact on fare levels, service quality, safety, service provision, and labor condition is analyzed based on prior privatization cases such as Singapore's MRT system, the UK municipal bus systems, and Japan National Rails. Third, this research suggests a new framework and methodology based on the perpetuity valuation for financial impact analysis and quantifies the financial value of each option from the perspective of the City of Yokohama and its citizens.

Department dc:contributor.department

Massachusetts Institute of Technology. Dept. of Urban Studies and Planning.

Grantor dc:publisher

Massachusetts Institute of Technology

Year dc:date.issued

2007

Author dc:creator

• Nakajima, Tsukihito

Advisor dc:contributor.advisor

• Nigel H.M. Wilson.

• Urban Studies and Planning.

Statement dc:rights

• M.I.T. theses are protected by copyright. They may be viewed from this source for any purpose, but reproduction or distribution in any format is prohibited without written permission. See provided URL for inquiries about permission.

Licence dc:rights.uri

• http://dspace.mit.edu/handle/1721.1/7582

Language dc:language.iso

eng

Handle dc:identifier.uri

http://hdl.handle.net/1721.1/39948

OAI identifier oai:identifier

oai:dspace.mit.edu:1721.1/39948