Quote:
Originally Posted by milomilo
I would at least expect the per rider subsidy to go down - I haven't seen the numbers yet to determine if that is the case.
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In TT2015-0881, for their projections of revenue from ridership, they use the formula of $1.61 (average fare) x daily ridership x 310 days to get annual revenue. For 65K/day that would be about $32.4M/year in revenue and $72.4M/year in operating costs (in 2016 dollars). A fare recovery rate of about 45% which is probably poor compared to the existing LRT lines, and noticeably lower than the 2015 projections for more complete variants Green Line.
