CENTRAL FLORIDA COMMUTER RAIL TRANSIT Project

 

 

 

 

 

CENTRAL FLORIDA COMMUTER RAIL TRANSIT Project

Calculation of Approximate Cost and Subsidy Per Passenger

 

 

 

 

 

Estimated COST Per New Passenger for Specified Combinations

Calendar Year 2012

 

 

 

 

 

of Non-Specified Initial Capital Costs and Percentages of

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Existing Transit Passengers in Projected Total Ridership

The calculations below estimate the cost and subsidy per passenger on the proposed "Central

 

 

 

 

 

Calendar Year 2012

Florida Commuter Rail Transit Project."  The methodology utilized is that mandated by the U.S.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Federal Transit Administration (FTA) for applications for 49 USC 5309 "New Starts" grants,

 

 

 

 

 

Percentage

 

 

 

 

 

 

 

 

 

 

 

 

 

 

which is the program that it appears is being assumed to provide most, if not all, of the

 

 

 

 

 

of Existing

 

 

 

 

 

 

 

 

 

 

 

 

 

 

assumed 50% Federal share of the initial (identified) capital costs.

 

 

 

 

 

 

 

 

Transit

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Passengers

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Except where otherwise noted, the source of data utilized in this calculation is, "Central

 

 

 

 

 

in Projected

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Florida Commuter Rail Transit," July 2005, Metroplan Orlando:

(Download from

 

 

 

 

 

 

 

Total

 

Non-Specified Initital Capital Costs (Millions)

http://www.metroplanorlando.com/site/downloads/default.asp

as "commuter rail update.")

 

 

 

 

 

Ridership

 

$0

 

$100

 

$200

 

$300

 

$400

 

$600

 

$700

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

The calculation will be done two ways, the first strictly using the costs identified in the above

 

 

 

 

 

0%

 

$33.32

 

$36.36

 

$39.40

 

$42.43

 

$45.47

 

$51.54

 

$54.58

document.  However, the plan, as presented, shows no costs for rail vehicles, evidently under

 

 

 

 

 

10%

 

$37.03

 

$40.40

 

$43.77

 

$47.15

 

$50.52

 

$57.27

 

$60.65

the assumption that these will be provided by the Federal government at no cost to the local

 

 

 

 

 

20%

 

$41.65

 

$45.45

 

$49.25

 

$53.04

 

$56.84

 

$64.43

 

$68.23

agencies.  Assuming that this does occur, it is still important to determine the cost of the

 

 

 

 

 

30%

 

$47.61

 

$51.94

 

$56.28

 

$60.62

 

$64.96

 

$73.64

 

$77.97

project INCLUDING the cost of rail vehicles, for reasons explained in the narrative report.

 

 

 

 

 

40%

 

$55.54

 

$60.60

 

$65.66

 

$70.72

 

$75.78

 

$85.91

 

$90.97

 

 

 

 

 

 

 

 

 

 

 

 

 

 

50%

 

$66.65

 

$72.72

 

$78.79

 

$84.87

 

$90.94

 

$103.09

 

$109.16

The projections are for calendar year 2012, the first year when the full proposed line is