COVID-19 has triggered a crisis for public transport, as lockdowns caused its use to plummet by 70-90% worldwide. Even as lockdowns ease, buses and trains can only carry 15% of the usual number of people due to social distancing requirements – taking the “mass” out of mass transit for the foreseeable future. For most cities, fewer users mean less fare revenue, triggering a budget crisis just as cities begin to recover from the upheaval caused by coronavirus. The scale of the shortfall is big. Transport for London estimates a £6.4 billion shortfall in the next two years, and the Hong…
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