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©2001 Get On Board!PRT
Part I
Part II Part III
3 Hypothetical Transit Systems: DAILY REVENUE
Fare under all systems: $2.00
(Comparison of gross revenue. Construction financing, fees, taxes etc. not included for purposes of this exercise.)
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3 Hypothetical Transit Systems: DAILY REVENUE
Fare under all systems: $2.00
(Comparison of gross revenue. Construction financing, fees, taxes etc. not included for purposes of this exercise.)
| Option I: Light Rail | |
|---|---|
| Rides per day: | 19,300 (Footnote 1) |
| Daily Revenue: | $38,600 Annual subsidy needed |
| Construction cost: | $1.2 billion |
| Days to earn back construction cost: | 31,088 (85 years) |
| Option II: Monorail | |
|---|---|
| Rides per day: | 38,600 (assume double light rail) |
| Daily Revenue: | $77,200 Annual subsidy likely |
| Construction cost: | $2.26 billion |
| Days to earn back construction cost: | 29,275 (80 years) |
| Option III: Personal Rapid Transit | |
|---|---|
| Rides per day: | 2.18 fares/veh/hr= 10,900 fares/hr= 261,600/day |
| Daily Revenue: | $523,200 No subsidy needed |
| Construction cost: | $981.8 million |
| Days to earn back construction cost: | 1,876 (5.1 years) Would take longer in real-world, as portion of revenues would be used to fund operations. |
Footnote 1:
Projected ridership/day: 19300 (2004), 24800 (2020) That's 114 runs per direction per day, or 228 total runs.
19300 / 228 = 84% capacity
Length of corridor: 11.6 miles
Rush Hour:(6:00 to 9:00 a.m. & 3:30 to 6:30 p.m.): 7.5 minutes between trains. (8 trains/hr for 6 hrs)
Base Service (9:30 a.m. to 3:30 p.m.): 10 minutes between trains. (6 per hr for 6 hrs)
Early Evening Service (6:00 to 9:00 p.m.): 15 minutes between trains. (4 per hr for 3 hrs)
Early Morning/Late Evening Service:
30 minutes between trains. (2 per hr for 9 hrs)
24800 / 228 = 109% capacity