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| Re: part 2: PHOTOS: Pennsauken Transit Center (1253551) | |||
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Re: part 2: PHOTOS: Pennsauken Transit Center |
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Posted by WillD on Tue Oct 15 21:18:14 2013, in response to Re: part 2: PHOTOS: Pennsauken Transit Center, posted by Bill West on Tue Oct 15 20:19:21 2013. As Mr. Vogel pointed out the $1 billion invested in the Riverline was neither entirely for capital or O&M costs. It was split between the capital and operational costs with a roughly 60/40 ratio. You wouldn't charge capital expenses against the daily operating costs (certainly we don't do that to highways, airports, or anything else), so you'd divide out the $400 million in O&M costs to reach $160,000 per work day. Except that the line operates every day of the week, not just weekdays, so that's makes it more like $110,000 per day.Working from the average numbers provided by NJT the route carries around 1,567,800 per year. That means the cost per passenger per day works out to $25. That's still high, even though it's nearly a quarter your figure. |
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