Sure! but that's what we understand, our leaders don't. Islamabad, the capital of Pakistan stands with some of the African capitals (of Congo, Somalia and Nigeria) where public transport system doesn't even exist. It badly needs a decent bus service, but if any private company tries to ply buses without govt's support, I can say she'll loss her investment with in 3 years 
And now Americans are also looking forward to shift from big SUVs, full size trucks and full size taxi cabs to buses, light rails and hybrid/electric cars/taxis. They're planning to replace all Ford Crown Victoria cabs by Toyota Prius and other electric cabs.