Commuter Rail Extension Alternatives Analysis - Transportation ...

CALTRAIN EXTENSION TO MONTEREY COUNTYALTERNATIVES ANALYSISInsofar as O&M cost per rider and net public cost per rider, differences between the CaltrainExtension and Express Bus alternatives are less pronounced than indicated by the table. Figure 8-2illustrates that Caltrain costs are based on capacity increments which are far greater than ExpressBus capacity increments. At low levels of ridership, under 500 boardings per day in Monterey County(1,000 daily riders round trip), Express Bus is more cost-effective from an O&M cost per riderperspective. At higher levels of ridership, commuter rail service is more cost-effective.Figure 8-2Annual Operating and Maintenance Expense ($ 2007) versus Weekday Ridership LevelsFarebox RecoveryThe farebox recovery ratio for the overall Caltrain service ranges between 30 and 40 percent asindicated below.Caltrain Farebox Recovery RatesFare Revenue Operating Expense Percentage of RecoveryFY 2006 Budgeted $29,760,000 $76,540,321 38.88%FY 2005 Unaudited $23,036,916 $70,574,877 32.64%FY 2004 $19,257,579 $63,817,729 30.18%FY 2003 $20,792,652 $61,557,117 33.78%FY 2002 $22,555,383 $61,536,691 36.65%FY 2001 $23,916,036 $63,172,430 37.86%Source: Peninsula Corridor Joint Powers Board Staff Report, February 2, 2006parsons CHAPTER 8: EVALUATION OF ALTERNATIVES 201