Reform of Beijing urban rail transit fare system and price level

We present fare system reform policy for Beijing urban rail transit by the analysis of global metropolitan fare system,favorable strategies,and Beijing urban rail transit network development situation to fully leverage urban rail transit fare system,further improve the connection between land buses and urban rail transit,optimize traffic structure,and increase ticket revenue. The single fare level of 4 yuan is determined based on the analysis of passenger volume,operation cost,and urban per capita income level. Time-sharing pricing policy is proposed by the analysis of three peaks time distribution and peak time passenger flow construction. We derive on-peak and off-peak fares of 6 yuan and 2 yuan by Logit model. We also present monthly pass strategy and a series of other auxiliary fares to protect the benefits of the senior and commuter. The research provides a theoretical basis for sustainable development of Beijing urban rail transit.