This report was prepared for the Neptis Foundation by Michael Schabas, a partner at FCP, a consultancy based in London, England which advises governments, operators, passenger groups, contractors and investors on strategies for technical and commercial development of railways and public transport. Schabas has been involved in planning, funding and operating bus, LRT, ALRT, subway and commuter rail in Canada, the USA, Australia, Germany, Nigeria and Britain. He was born and raised in Toronto and was chairman of the City Cycling Committee from 1977 to 1979. For further details see www.fcpworld.net and www.schabas.net