Transit privatization
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Transit privatization is the process of shifting the provider of public transportation from governments to privately held companies. It became common during the 1980s and 1990s as a result of rising costs and bureaucracy, and declines in service quality.[1] Privatization efforts have had mixed results, typically achieving the goal of reducing public debt and expenditure, however often resulting in reduced service and financial issues.[2]
References
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See also
- Deregulation
- Staggers Rail Act (act that deregulated rail in the US)
- Privatisation of British Rail
- Bus deregulation in Great Britain
- Airline deregulation
- Railway nationalisation