Canadian Transit Forum - November 2010 / novembre 2010 - (Page 33)

Feature TRANSIT’S INFRASTRUCTURE NEEDS AS NOTED IN THIS month’s President’s message, recent work by CUTA has quantified how public transit results in a very positive return on investment. Society as a whole benefits from the funding that goes into both the construction and maintenance of public transit service and infrastructure. In September, CUTA publicly released the report The Economic Impact of Transit Investment: A National Survey. It includes a review of industry and academic literature on the economic benefits of transit, provides a snapshot of the scale and impact of current investment in transit in Canada, and reports the results of a new evaluation of the economic benefits of transit. It was prepared by Metropolitan Knowledge International, McCormick Rankin Corporation, and Dr. Jeff Casello of the University of Waterloo. The report includes examples of how agencies developing transit expansions across Canada have been preparing economic benefit analyses as part of the project planning. In Winnipeg, a benefit-cost analysis for the first stage of Winnipeg Transit’s Southwest Bus Rapid Transit project was undertaken in 2004 which demonstrated a positive result, with the ratio of benefits to costs of 2.14 and a payback period of seven years. Following a tri-level agreement in 2008, construction commenced in 2009 and is scheduled to be completed in late 2011. This BRT inititaive includes a 3.6 km busway and stations; on-street transit priority measures (Graham Transit Mall, reserved lanes, transit signal priority); real time passenger information provided at stations, on the Internet, and on mobile devices; next stop information, route destination announcements and digital security cameras on board the vehicles; and new active transportation paths along the busway corridor. The capital cost of the project is $138 million. The benefit-cost analysis used the federal government’s TransDec model and focused on identifying the amount of consumer surplus (benefit) resulting from the implementation of the project, compared to the costs of the project. The analysis period was set at 30 years and conservative assumptions were made about travel time savings and ridership growth. The annual benefits calculated for the project were based on travel time savings, vehicle operating cost savings, emissions cost savings, accident cost savings, cross-sector benefits and affordable mobility benefits. The Winnipeg analysis is a relatively early example of a comprehensive benefit-cost analysis, and one that helped make the case for this significant transit improvement. In Metro Vancouver, one of the more recent uses of this new tool was its Evergreen Line Rapid Transit Project Business Case, prepared by the Province of British Columbia and TransLink. This report assesses and compares potential technologies and route options for this new addition to Metro Vancouver’s rapid transit network. The comparison criteria were targeted at the frequency, reliability, speed, capacity, safety and route location. The ridership 33 The photo shows, from left to right, the Red River, Active Transportation Path, CN Rail Transcontinental Line, Southwest Busway and Donald Street. Rendering for the Evergreen Line at Burquitlam station. canadian transit forum | forum canadien sur le transport collectif

Table of Contents for the Digital Edition of Canadian Transit Forum - November 2010 / novembre 2010

Canadian Transit Forum - November 2010
Contents
Message from the President – The Economics of Public Transit
Message du président – L’économie du transport collectif
Éditorial collaboration spéciale de la vision 2040 – Assurer la santé financière des réseaux de transport collectif du Canada
Transit Vision 2040 Guest Editorial – Ensuring the Financial Health of Canada’s Transit Systems
Vancouver 2010 – Moving Experiences
Vancouver 2010 – Expériences en mobilité
Transit’s Infrastructure Needs
Besoins en infrastructures de transport collectif
The Advocacy File – Federal Budget 2011: Maintaining Strong Capital Transit Investments
Le dossier de la sensibilisation – Budget Fédéral 2011: L’importance des investissements fédéraux en transport collectif
Le Comité exécutif se réunit à Whitehorse
Executive Committee Meets in Whitehorse
Les gens du transport
People in Transit
Industry News
Des nouvelles de l’industrie
Trade List & Buyers’ Guide
Index commercial et guide des acheteurs

Canadian Transit Forum - November 2010 / novembre 2010

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