Table A6: Subway to Richmond Hill
|
|
Current plan |
With fewer stations |
|
Stations |
6 |
2 |
|
Infrastructure Capital Cost $m NPV |
$ -2,400 |
$ -1,600 |
|
Rolling Stock Capital Cost $m NPV |
$ -100 |
$ -90 |
|
Operating Costs $m NPV |
$ -460 |
$ -416 |
|
Bus cost savings $m NPV |
$ 180 |
$ 180 |
|
TOTAL COSTS $m NPV |
$ -2,780 |
$ -1,926 |
|
Diverted daily riders 2023 |
100,000 |
90,000 |
|
New daily riders 2023 |
50,000 |
45,000 |
|
Incremental revenues from diverted riders $m NPV |
$ 690 |
$ 621 |
|
Revenues from new riders $m NPV |
$ 1,035 |
$ 932 |
|
NET FINANCIAL EFFECT $m NPV |
$ -1,055 |
$ -374 |
|
Passenger benefits not captured by fares $m NPV |
$ 1,035 |
$ 932 |
|
Road user benefits $m NPV |
$ 1,725 |
$ 1,553 |
|
TOTAL BENEFITS $m NPV |
$ 4,485 |
$ 4,037 |
|
NET BENEFITS $m NPV |
$ 1,705 |
$ 2,111 |
|
BENEFIT:COST RATIO |
1.61 |
2.10 |
|
New daily riders 2033 |
80,000 |
80,000 |
|
Net cost per new daily rider 2033 |
$ -13,188 |
$ -4,669 |
|
Revenue from new passengers |
$3.00 |
$3.00 |
|
Incremental yield from diverted passengers |
$1.00 |
$1.00 |
|
Time saving benefits to diverted passengers (net of fares) |
$1.00 |
$1.00 |
|
Time saving benefits to new passengers (net of fares) |
$1.00 |
$1.00 |
|
Road user benefits per new rider |
$5.00 |
$5.00 |
Our general approach to estimating TTC subway schemes is described in the preceding section.