|Lower Montauk Branch Passenger Rail Study (Final Report 2018) could cost over $2 Billion (1464991)|
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Lower Montauk Branch Passenger Rail Study (Final Report 2018) could cost over $2 Billion
Posted by gold_12th on Fri Feb 9 12:11:41 2018News story: http://qns.com/story/2018/02/07/study-determines-passenger-service-western-queens-freight-line-possible-hefty-price-tag/
290 page Report: http://www.nyc.gov/html/dot/downloads/pdf/lower-montauk-final-report-jan2018.pdf
- 10 station locations: the two termini stations at Long Island City and Jamaica. Eight intermediate stations located an average of one mile apart: Greenpoint Ave, Haberman, Grand/Flushing Aves., Fresh Pond, Metro Mall, 80 St, Woodhaven Blvd, and Richmond Hill.
- Service hours: passenger service plan from 5am to 10pm, providing 6-minute peak and 15-minute off-peak headways Weekdays. Weekends 15 minutes.
- Rail cars: (15 rail car fleet) FRA-compliant, diesel-powered Diesel Multiple Unit (DMU) equipment... similar to NJ Transit Riverline rail car.
- Ridership: (potential) 21,000 weekday and 13,000 weekend daily riders; 5.8 million riders annually.
- Fare revenues are estimated at $15 million annually assuming at a $2.75 fare, a free transfer to MTA Bus or Subway
- Annual operations and maintenance costs are estimated at $55 million;
- "Capital costs while maintaining freight service on the Branch are estimated at $2.2 billion, including substantial upgrades to rail infrastructure (track, signals, communications), new running track in key areas, new freight yard space to clear track for transit operations, transit vehicles, a storage and maintenance yard for transit vehicles, and property acquisition. Eliminating freight service altogether on the Branch – an option not analyzed in this study – would reduce total capital costs to about $1.1 billion. Value Capture financing, using a portion of the increase in property values induced by this new transit service, could potentially fund $300 million in bonds, or roughly 27% of total projected capital costs for passenger-only rail operations on the Branch and 14% of such costs under the analyzed option of both passenger and freight rail operations."
- Queens Borough President Melinda Katz also supports the project and wants the line to be fully operational by 2030.