High ridership means Canada Line could hit break-even point 3 years early – Another Early August April Fool?

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When news is slow and TransLink is in want to fund another metro line, expect good news stories.  $150 thousand a year plus TransLink spin-doctor purrs out the RAV/Canada Lines success; golly gee whiz, the Canada Line is carrying over 100,000 passengers a day and it will soon pay for itself in three years.

What is politely forgotten is that the Canada Line already has about 40,000 bus riders a day, forced onto the metro, including those who once used the 15 minute service Airporter bus. The SkyTrain Lobby crow that the Canada Line has infrared passenger counters, but TransLink fails to mention if they are used for the ridership calculation. If such counters were in use, why not post daily ridership numbers? So is TransLink using the old method of inflating vehicle capacity, plus their patented alchemy of financial income to determine ridership?

On it goes, TransLink has yet to state what portion of ones fare on the Canada Line goes to the operating consortium, which operates the P-3  portion of the Canada line or if TransLink apportions fares from the Canada line from the buses, SeaBus and the SkyTrain metro system. (For those who don’t know, the Canada line is not SkyTrain, nor is compatible with the proprietary railway.)

Oh by the way, there is absolutely no mention of the 200,000 car trips a day taken off the roads because of the Canada Line, which makes one wonder if that claim is just too inconvenient to mention.

Another irksome problem is all those $1.00 a day U-Passes using the transit system and how they fit into the financial scheme of things? How much is the taxpayer subsiding the U-Pass holder on the Canada Line?

According to Susan Heyes, who has done much due diligence research on the RAV/Canada Line (unlike the mainstream media) the cost of RAV is now almost $2.8 billion or about  $1.5 billion more than the original cost of $1.3 billion for the RAV/Canada line metro! Gee whiz, that makes the about $400 million FastFerry fiasco look like chump change and that is probably the real reason for TransLink’s August April Fools.

The Canada Line break even in three years – ha, ha, ha – sorry TransLink, you have pulled the same stunt once too often to fool ‘Zwei’ again, next time, get BC’s Auditor General to do the books, then maybe I would believe you!

Subways & metros cost a lot of money to build and operate.

High ridership means Canada Line could hit break-even point 3 years early

Weekday ridership on the $2-billion Canada Line has surpassed the 100,000-rider mark for four months in a row — an average the line wasn’t supposed to reach until 2013, The Province has learned.

Even factoring in lower weekend ridership, the seven-day weekly average on the rapid-transit line has still been building so steadily that it’s almost at 100,000, too.

If the boom continues, it could mean TransLink’s debt on the project could be paid off years sooner than expected, even though the overall cost grew over the years.

While the Canada Line was announced as coming in ahead of schedule and on budget, that budget changed as the plans for the line changed.

Back in 2004 and 2005, the project’s costs were pegged at $1.5 to $1.7 billion. By 2006, with inflation and financing costs, the line’s cost was tabbed at $2.05 billion.

In her investigation of TransLink last year, B.C. comptroller-general Cheryl Wenezenki-Yolland pegged the cost of operating the line at as much as $21 million a year more than fares would cover — and she said that situation would last until 2025.

“For example, the cost of operating the Canada Line . . . is expected to exceed the additional system revenue it generates until 2025, with costs exceeding incremental revenues by $14 to $21 million for most years until then,” she wrote.

TransLink spokesman Ken Hardie said Thursday that scenario could be getting brighter.

“When we’ve hit the figures we’ve hit three years early, it simply suggests we’re going to hit the break-even point earlier,” Hardie said. “It would be nice if it was three years, or even more, early.

“Right now, we’re on target to hit the break-even point in 2022, but if we keep going the way we’re going it could be even sooner than that — which would be nice.”

After a controversial construction period in which businesses struggled to deal with the Canada Line’s open ditch on their doorsteps, the connection between downtown Vancouver, Richmond and Vancouver International Airport opened ahead of schedule, with great fanfare, on Aug. 17 last year.

The line came into its own during the 2010 Winter Olympics. With access to much of downtown Vancouver restricted, local riders were forced on to public transit and people coming in from the airport began to use the taxi-free alternative.

It was during the Games that the line hit a single-day high of more than 280,000 riders, and Hardie says the positive Olympic experience is one of the reasons for increased ridership.

“It gave a lot of people the chance to try the line,” he said.

April was the first complete month in which weekday ridership exceeded 100,000, with an average of 101,676. The figure climbed to 104,682 in May, 106,320 in June and 107,198 in July.

When the lower-ridership weekend days are factored in, the May average was 94,223 rides daily. It increased to 97,969 in June and 99,210 in July.

Hardie also attributed the Canada Line ridership to the fact there are a lot of destinations on the line — downtown Vancouver, the airport and Richmond Centre.

“It wasn’t just a matter of commuters flocking one way in the morning and the other way in the afternoon,” he said. “In fact, there would be fairly strong ridership in both directions.”

The final factor in increased ridership came whenTransLink successfully integrated its system to allow bus riders to be fed into the rapid-transit line.

A quick Province survey of passengers this week revealed a generally satisfied ridership.

Grace Brunger, 27, was riding a southbound train with her bike, heading for Southlands to go horseback riding.

“It’s cheap; it’s fast,” said the Coal Harbour resident. “I can get anywhere.

“I don’t even have a car,” added Brunger, a newcomer to Vancouver. “Even with my bike, I can always get on right away.”

The line was a good investment, she said, “better than roads.”

Still, clouds remain on the Canada Line horizon.

Richmond councillors Ken Johnston, Bill McNulty and Derek Dang issued a press release Thursday calling on TransLink to crack down on fare evaders across the system — including on the Canada Line.

Recently released figures indicate there were 24,000 fare cheats system-wide in 2009, and 550 on the Canada Line in just its first five months of service.

“I’ve personally seen people without monthly passes walking directly past ticket purchase machines and hopping on to trains — with Canada Line “green jacket” staff watching the entire way and doing nothing to stop it,” McNulty said.

The councillors want a crackdown at all stations at all peak hours until fare gates are installed. They’re expected to arrive in 2013, along with new “smart card” technology.

The unhappy councillors cited a 2008 PricewaterhouseCoopers report that estimated there were 4.1 million stolen rides annually, with revenue losses ranging from $5.3 million to $9.4 million.

There are more riders now, so it’s likely there are also more cheaters.

Read more: http://www.theprovince.com/news/vancouver/High+ridership+means+Canada+Line+could+break+even+point+years+early/3364862/story.html#ixzz0vrI75Rl8

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One Response to “High ridership means Canada Line could hit break-even point 3 years early – Another Early August April Fool?”

  1. Anonymous Says:

    “the cost of RAV is now almost $2.8 billion or about $1.5 billion more than the original cost of $1.3 billion for the RAV/Canada line metro! Gee whiz, that makes the about $400 million FastFerry fiasco look like chump change ”

    That’s what happens when people get these NDP blinders on. The NDP is evil and bankrupts the province, they will ruin “the greatest place on Earth”… So now that we’re free of this evil known as the NDP, the neo-con Campbell “liberals” are given a free pass to do whatever they like, no matter how much worse their record actually is compared to the NDP, no one pays attention. Their only mistake was the HST, but it has only angered the people so that they want them out, it hasn’t made them open up their eyes to how badly they’ve screwed this province up or sold it out.

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