Transit privatization

{{Short description|To move transit from government to corporate control}}

File:Series-N700S-J2.jpg train. Japan's rail system was privatized in 1989]]

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.{{Cite journal |last=Scholl |first=Lynn |year=2006 |title=Privatization of Public Transit: A Review of the Research on Contracting of Bus Services in the United States |url=https://escholarship.org/uc/item/8cb3s0fh |journal=Berkeley Planning Journal |volume=19 |issue=1 |eissn=1047-5192}} 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.{{Cite report |last1=Lingmark |first1=Jenny |last2=Attolini |first2=Franco |date=2019-11-04 |title=Driving forces for rail privatization; a case study of the Norwegian railway reform |url=https://www.diva-portal.org/smash/get/diva2:1374479/FULLTEXT01.pdf}}