Quote:
Originally Posted by ssiguy
There is no way, in hell, that any form of tunnel could possibly be justified in a city as small as Halifax. Transit is suppose to be for moving people not a dick comparison competition.
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Justification should be based on net present benefits outweighing net present costs.
Let's say a rapid transit project in HRM costs $3 billion over 30 years: $1.5B to construct and $1.5B to operate/maintain.
If the project generates more than $3B in additional economic value, not factoring in interest rates, then it should be justified.
Even in a small city like Halifax, that may actually pencil out: if 25,000 people who value time at $30/hour save an average of half an hour of travel time a day over 300 days a year for 30 years, you've created $3.3 billion in net benefits. That doesn't seem out of line.