Track Record 34, January to March 2008 - Public Transport Victoria

Track Record
Victoria’s Public Transport Services
Table 4 Yarra Trams payments ($ ,000)
Jan–Mar Apr–Jun Jul–Sept Oct–Dec Jan–Mar
Payment type 2007 2007 2007 2007 2008
Base contract 1,513 1,233 1,185 1,018 1,034
Farebox 52,885 51,075 48,016 47,998 53,753
Concession top-up 4,921 7,365 6,563 6,609 5,992
Maintenance 14,167 9,776 14,176 9,424 6,881
Rolling stock adjustment 8,679 8,679 8,679 8,679 8,679
Incentive and penalty –1,025 –1,225 -144 -2,855 -1,671
Capital projects 1,847 391 2,877 531 2,528
Other 931 1,911 2,189 -8,178 2,315
TOTAL 83,918 79,205 83,541 63,226 79,511
3.2 Regional trains
Payments by the State to the regional rail operator (V/Line Passenger)—including payments for coach services directly
contracted by V/Line—are summarised in Table 5. Farebox revenue is retained by V/Line and is included to provide an
overall indication of the cost of the services. State contract payments represent the net payments required for V/Line
Passenger to run the services.
On 3 September 2006, V/Line started operating numerous new and extended weekly services on rail infrastructure that
was significantly altered under the Regional Fast Rail project. In recognition of these changed operating conditions,
operational performance regime incentive payments for V/Line Passenger are being determined at a reduced payment rate
in the medium term. This reduced rate currently stands at around 25 per cent of the previous rate and will be periodically
increased until it returns to around the previous level.
Under these incentive arrangements, V/Line Passenger paid a penalty to the State of $1.147 million for below-target
performance in the March quarter 2008.
Table 5 Payment for V/Line Passenger train services ($ ,000)
Jan–Mar Apr–Jun Jul–Sept Oct–Dec Jan–Mar
Payment type 2007 2007 2007 2007 2008
Base contract 47,675 53,675 58,640 52,664 52,345
Farebox 14,834 12,604 13,985 13,682 15,413
Rolling stock 8,953 8,953 8,953 8,953 8,953
Incentive and penalty –1,248 –1,140 -788 -1,183 -1,147
Capital projects 3,152 2,997 1,010 1,685 2,291
Other 78 958 871 1,853 862
TOTAL 73,444 78,047 82,671 77,654 78,717
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