Opal fares 2020-2024 - Data sources - February 2020
The Independent Pricing and Regulatory Tribunal (IPART) is conducting a major review of public transport fares in Sydney and surrounding areas. This Methodology Paper focuses on how we are proposing to determine fares.
The purpose of this model is to:a) Calculate the annual historical increase in costs faced by drivers and operators of taxis via the urban and country taxi cost index.b) Adjust the index weightings to ensure that the index reflects the costs faced
IPART uses the taxi cost index model to measure the change in the costs of providing taxi services over the course of the year.