Metrobus Transit Study.pdf - City of St. John's
Metrobus Transit Study.pdf - City of St. John's
Metrobus Transit Study.pdf - City of St. John's
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<strong>St</strong>. John’s Transportation Commission (<strong>Metrobus</strong>) 2011<br />
Market Assessment and <strong>St</strong>rategic Directions <strong><strong>St</strong>udy</strong> – Part C: Assessment <strong>of</strong> Market Opportunities<br />
Figure 14 – Revenue Vehicle Hours per Capita<br />
Hours/capita<br />
1.40<br />
1.20<br />
1.00<br />
0.80<br />
0.60<br />
0.40<br />
0.20<br />
0.00<br />
<strong>St</strong>. <strong>John's</strong><br />
Peer Group<br />
8.5 Revenue/Cost Ratio<br />
One measure <strong>of</strong> the financial performance <strong>of</strong> a system is the revenue/cost (R/C) ratio, which is the<br />
percentage <strong>of</strong> operating costs recovered from passenger revenues. All Canadian transit systems<br />
operate at a deficit with the balance <strong>of</strong> funding coming from municipal subsidy and sometimes<br />
provincial contribution. For a system <strong>of</strong> <strong>Metrobus</strong>’ size, a common target is an R/C ratio <strong>of</strong> 40 to<br />
50 percent. Figure 15 illustrates the R/C ratio’s in <strong>Metrobus</strong>’ peer group. <strong>Metrobus</strong>’ R/C ratio is<br />
slightly above average for its peer group.<br />
Figure 15 – Revenue/Cost Ratio<br />
45%<br />
40%<br />
35%<br />
R/C Ratio<br />
30%<br />
25%<br />
20%<br />
15%<br />
10%<br />
5%<br />
0%<br />
<strong>St</strong>. <strong>John's</strong><br />
Peer Group<br />
Dillon Consulting Limited Page 48
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