Track Record 34, January to March 2008 - Public Transport Victoria
Track Record 34, January to March 2008 - Public Transport Victoria
Track Record 34, January to March 2008 - Public Transport Victoria
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<strong>Track</strong> <strong>Record</strong><br />
Vic<strong>to</strong>ria’s <strong>Public</strong> <strong>Transport</strong> Services<br />
Table 4 Yarra Trams payments ($ ,000)<br />
Jan–Mar Apr–Jun Jul–Sept Oct–Dec Jan–Mar<br />
Payment type 2007 2007 2007 2007 <strong>2008</strong><br />
Base contract 1,513 1,233 1,185 1,018 1,0<strong>34</strong><br />
Farebox 52,885 51,075 48,016 47,998 53,753<br />
Concession <strong>to</strong>p-up 4,921 7,365 6,563 6,609 5,992<br />
Maintenance 14,167 9,776 14,176 9,424 6,881<br />
Rolling s<strong>to</strong>ck adjustment 8,679 8,679 8,679 8,679 8,679<br />
Incentive and penalty –1,025 –1,225 -144 -2,855 -1,671<br />
Capital projects 1,847 391 2,877 531 2,528<br />
Other 931 1,911 2,189 -8,178 2,315<br />
TOTAL 83,918 79,205 83,541 63,226 79,511<br />
3.2 Regional trains<br />
Payments by the State <strong>to</strong> the regional rail opera<strong>to</strong>r (V/Line Passenger)—including payments for coach services directly<br />
contracted by V/Line—are summarised in Table 5. Farebox revenue is retained by V/Line and is included <strong>to</strong> provide an<br />
overall indication of the cost of the services. State contract payments represent the net payments required for V/Line<br />
Passenger <strong>to</strong> run the services.<br />
On 3 September 2006, V/Line started operating numerous new and extended weekly services on rail infrastructure that<br />
was significantly altered under the Regional Fast Rail project. In recognition of these changed operating conditions,<br />
operational performance regime incentive payments for V/Line Passenger are being determined at a reduced payment rate<br />
in the medium term. This reduced rate currently stands at around 25 per cent of the previous rate and will be periodically<br />
increased until it returns <strong>to</strong> around the previous level.<br />
Under these incentive arrangements, V/Line Passenger paid a penalty <strong>to</strong> the State of $1.147 million for below-target<br />
performance in the <strong>March</strong> quarter <strong>2008</strong>.<br />
Table 5 Payment for V/Line Passenger train services ($ ,000)<br />
Jan–Mar Apr–Jun Jul–Sept Oct–Dec Jan–Mar<br />
Payment type 2007 2007 2007 2007 <strong>2008</strong><br />
Base contract 47,675 53,675 58,640 52,664 52,<strong>34</strong>5<br />
Farebox 14,8<strong>34</strong> 12,604 13,985 13,682 15,413<br />
Rolling s<strong>to</strong>ck 8,953 8,953 8,953 8,953 8,953<br />
Incentive and penalty –1,248 –1,140 -788 -1,183 -1,147<br />
Capital projects 3,152 2,997 1,010 1,685 2,291<br />
Other 78 958 871 1,853 862<br />
TOTAL 73,444 78,047 82,671 77,654 78,717<br />
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