Fourth Plain BRT Project Annual Operating & Maintenance Cost Savings
As submitted to the Federal Transit Administration (FTA) in September 2013
Based on 2015 Opening Year, 2015 Year of Expenditure Dollars
|O&M Cost Source||No-Build: Route 4/44 Operating Costs||BRT|
|Bus Operations||$4,229,000||$ 3,680,000||$ 549,000||From Small Starts/Finance Plan work; expectation is savings to be reinvested in service in other corridors including cross-river shuttle and possibly reconfigured Route 72.|
|Fare Revenue (over no-build)||$ -||$ 205,000||$ 205,000||From Finance Plan work; additional revenue, could be allocated to uncommitted capital reserve.|
|Van Mall Transit Center (maintenance plus utilities, lease for existing customer service booth plus driver comfort facility plus common area maintenance; relocate customer service booth and driver comfort facility to new platform)||$ 84,700||$ 29,500||$ 55,200||Reduction in direct costs, could be allocated to uncommitted capital reserve.|
|AOM facility upgrades: BRT upgrades at Maintenance Building replace current annex building & land lease (North Lot not included). Per Julie: rent $3300 per month base, plus $500/month triple net expenses exclusive of insurance.||$ 48,100||$ 28,400||$ 19,700||Based on Maintenance Facility assessment report and Finance Department's review of exsting rent and O&M costs for maintenance facility. Reduction in direct costs, could be allocated to uncommitted capital reserve.|
|Driver travel pay (Route 4/44, travel to VMTC for driver relief), replaced with bus pullouts and relief at 65th Avenue/Fourth Plain||$ 48,800||$ -||$ 48,800||Based on Operations Department's previous review of travel hours from 2011 information. Reduction in direct costs, could be allocated to uncommitted capital reserve.|
|Annual cost savings/additional revenue||$ 877,700|
|O&M Cost Source||Operating Cost Savings||Increased Revenue or Reduced Direct Costs|
|Operating Cost Savings||Increased Revenue or Reduced Direct Costs|
|Annual Operating Cost Savings:||$ 549,000|
|Annual Direct Cost Savings:||$ 123,700|
|Annual increased fare revenue:||$ 205,000|
|TOTAL||$ 549,000||$ 328,700||$ 877,700|
- Operating cost savings is equivalent to approximately 4600-4700 annual service hours ($117/hr., 2015 YOE $), to be reinvested into cross-river shuttle service pre-LRT, increased service on Route 72, and/or other system service.
- "BRT Operating Costs" column includes O&M costs or additional fare revenue with BRT.
- AOM utilities/maintenance costs @ $1.14 per square foot (BRT project adds 23000 square feet of building and pavement area).
- VMTC utilities/maintenance costs @ $1.12 per square foot. (BRT project adds approximately 24000 square feet of platform and pavement area).