Subway extension to Richmond Hill

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.