Quote:
Originally Posted by twoNeurons
There's little political will to get it done.
Benefits are all medium to long-term and Translink would incur a large capital cost. Sure, over time it pays for itself... and if Translink was a private company, it would definitely consider this an efficiency issue.
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It would actually be cheaper for TransLink if it is done like most rapid transit project, where the province and federal government pays 1/3 each for the capital cost.
So assume the capital cost of the gondola is split into 1/3 each, for the next 25 years...:
Cost of bus service:
Capital for bus replacement: $0M (from federal gas found)
Operating cost for buses: $113M (TransLink pays 100%)
Total "actual" cost: $113M
Cost of gondola:
Construction cost: $38M (TransLink pays 1/3 of the capital cost)
Operating cost for gondola: $54M (TransLink pays 100%)
Total "actual" cost: $92M
But of course, the federal and provincial government need to get on board first. They also need to find the $38M to construct the project in the first place, which doesn't seems to be that hard when they can find $199M for fixing the Pattullo bridge...