Passenger valuation of interchanges in urban public transport

Understanding how passengers perceive public transport interchanges is important to better explain current public transport mode and route choice behaviour and to better predict future demand levels. In this study we derive how passengers value a public transport interchange in a metropolitan context entirely based on recent, large-scale, Revealed Preference data, explicitly distinguishing between different types and modes of public transport interchanges. For this purpose we estimate three discrete choice models using maximum likelihood estimation, based on over 26,000 passenger route choices observed in June 2023 in the Greater London Area. We find that each public transport interchange is on average valued equivalent to 5 min uncrowded in-vehicle time. Additionally, our model results provide quantitative evidence that cross-platform interchanges between two metro journey legs are valued 20-25 % less negatively than a regular metro interchange where a level change is required. Multimodal bus-metro interchanges and out-of-station interchanges are perceived most negatively by passengers. Passengers value bus-bus interchanges on average about 60 % more negatively than metro-metro interchanges, possibly driven by factors such as comfort, service frequency, reliability and (perceived) safety. Our study results can be used for business case and appraisal purposes, when quantifying the impact of service changes which affect the number or type of interchanges.