Subway Modernization Package

New Control System PSDs and Driverless operation $m NPV

$ -1,500

Operational cost savings of driverless trains etc. $m NPV

$ 1,600

Capital costs of fare collection upgrade $m NPV

$ -50

250 additional subway cars for 35% capacity increase $m NPV

$ -750

Additional station capacity works $m NPV

$ -500

Additional operating and maintenance cost $m NPV

$ -1,978

TOTAL COST $m NPV

$ -3,178

New daily riders 2023

150,000

Additional Fare Revenues $m NPV

$ 2,070

NET FUNDING GAP $m NPV

$ -1,108

Time savings and road user benefits at $2 per new rider NPV

$ 2,070

TOTAL BENEFITS $m NPV

$ 4,140

NET BENEFITS $m NPV

$ 962

Benefit:Cost Ratio

1.30

New daily riders 2033

200,000

Net cost per new daily rider

$ -5,540

Average TTC Fare

$2.00

Additional train-km millions

4.455

Cost per train-km

$-29.81

NPV factor

23

Annualization factor

300

Time savings and road user benefits to passengers per new daily rider

$2.00