In this paper we propose a model for the transit equilibrium assignmen
t problem (TEAP) and develop two algorithms for its solution. The beha
vior of the transit users is modeled by using the concept of hyperpath
s (strategies) on an appropriate network (general network) which is ob
tained from the road network and the transit lines by a transformation
which makes explicit the walk, wait, in-vehicle, transfer and alight
arcs. The waiting (generalized) cost is a function of both frequency o
f the transit lines and congestion effects due to queues at stops. The
TEAP is stated and formulated as a variational inequality problem, in
the space of hyperpath flows, and then solved by the linearized Jacob
i method and the projection method. We prove the global convergence of
these two algorithms for strongly monotone arc cost mappings. The imp
lementation of the algorithms and computational experiments are presen
ted as well.