$2.44 billion According to the Mayors Councils regional transportation vision, the total 12-year capital cost to build at-grade Light Rail Transit (LRT) on 104 Ave, Fraser Hwy. and King George Blvd. has increased to over $2.4 billion. See: Regional Transportation Investments a Vision for Metro Vancouver: Appendices Page A-63 mayorscouncil.ca For the same price, we could extend SkyTrain to LangleyAND Newton Capital cost + operating costs to year 30 (2045) Light Rail Transit Extend SkyTrain $3.04 billion $3.07 billion Calculation methodology: See Comparison details slide And generate 2.5x the transportation and monetary benefits. Light Rail Transit Extend SkyTrain to Langley + Newton The SkyTrain difference Travel Time: Surrey City Centre to Langley Surrey City Centre to Newton 29 minutes 15 minutes 22 minutes 8 minutes Daily ridership (rail transit system only) 152,000 196,000 +29% Daily ridership (All: 104 Ave, Fraser Hwy, KGB) 166,000 222,000 +34% New regional daily transit trips 12,000 28,500 2.4x Passenger capacity (pphpd): Service Theoretical 4,800 10,000 8,500 26,000 Annual VKT reduction to 2041 (millions) 1,300 2,800 Over 2x Capital Cost (Undiscounted, $2015) $2.44 billion $2.55 billion Average cost per added rider (annualized) $35 $17.70 2x less Annual operating cost in 2026 $27 million $23.75 million 13% less Benefit-Cost Ratio 0.56:1 1.47:1 Life-cycle cost return (NPV + fare revenue) $1.25 billion $3.118 billion 2.5x Travel time benefits (person-hours saved) 5.4 million 17.6 million 3x Including: Over 3x the travel time savings benefits Over 2x as many new transit trips Over 2x reduction in driving Lower cost per added rider Faster, more frequent service Superior on-time reliability More capacity for future growth Data above: Extrapolated from Surrey Rapid Transit Study, final evaluation summary. As a Langley + Newton SkyTrain extension was not officially a study option, the numbers here were generated through the through extrapolation of RRT1, BRT1 and RRT2 numbers. Comparison details PROPOSED LRT NETWORK TOTAL COSTS $3.04 BIILLION Based on: 2021 opening date on KGB+104; 2026 opening date on Fraser Hwy as per: Regional Transportation Vision Undiscounted Capital cost - $2.44 billion ($2015) Updated 12-year investment total For reference, see: Regional Transportation Vision page A-63 Operating cost Between $8.6 million and $27 million annually. Tabulated as follows: - 5 years (2021-2026) at $8.6 million (LRT on KGB+104 operating only) - 19 years (2026-2045) at SRTS 2021 levels or $27 million (LRT on KGB+104+Fraser) For reference, see: Surrey Rapid Transit Study Final Evaluation Report page 76 Shown costs in $2010 (Study) Operating cost 2021-2045 total: $600.1 million ($2015) Service plan: Single 32-40m trams operate every 5 minutes peak potential increase to 3 minutes peak and dual trams See: Surrey Rapid Transit Study Final Evaluation Report App. 2B, page 32 On-Street Alignment has travel time of 29 minutes to Langley and 15 minutes to Newton from Surrey Central SKYTRAIN: NEWTON + LANGLEY COSTS $3.07 BILLION Based on: 2021 opening date to Newton; 2026 opening date to Langley as per: Regional Transportation Vision Undiscounted Capital cost - $2.55 billion ($2015) For reference, see: Surrey Rapid Transit Study Final Evaluation Report page 73 Tabulated as: Alternative RRT1 + RRT3, with adjustments for RRT3 vehicle & OMC costs to reflect initial service limitations of two branch extension. Cost in $2010 adjusted for inflation. Operating cost Between $9 million and $23.75 million annually Tabulated as follows: - 5 years (2021-2026) at $9 million (Extension to Newton operating) - 19 years (2026-2045) at SRTS 2021 levels or $23.75 million (Extension to Langley operating) For reference, see: Surrey Rapid Transit Study Final Evaluation Report page 76 Shown costs in $2010 (Study) Operating cost 2021-2045 total: $518.61 million ($2015) Service plan: 5-car trains operate on average every 4.6 minutes peak potential increase to 2.3 minutes peak with short-turn services See: Surrey Rapid Transit Study Final Evaluation Report App. 2B, page 32 Fully-grade separated, elevated alignment has travel time of 22 minutes to Langley and 8 minutes to Newton from Surrey Central Better Surrey Rapid Transit starts with SkyTrain skytrainforsurrey.org