Concurrent with development of the Rapid Transit Master Plan, a Business Case was prepared to evaluate broad network and technology options. The Business Case model has been updated to evaluate the preferred Bus Rapid Transit Network identified through the master planning process. The Business Case is captured in the Rapid Transit Master Plan as Appendix F.
The Business Case concluded that implementation of the Full BRT alternative with the approved corridors provides a positive financial return on investment and is the best overall value solution from a mobility, city building, economic development and financial affordability perspective.
EVERY $1 INVESTED IN RAPID TRANSIT GENERATES $1.18 IN BENEFITS TO THE COMMUNITY
At a capital cost of $500 million (over the construction period including inflation), this alternative would produce a benefit cost ratio of 1.18 in transportation, environmental and economic benefits over the project life span. The system can be implemented in a phased approach and can be adapted to other technologies over the longer term as ridership grows, technologies and trends advance, and as funding becomes available.
The Business Case will be submitted to the federal government following the technical review by the Province and a funding request will be submitted later this year through Phase 2 of the Public Transit Infrastructure Program (PTIF) program.