2013 Base Plan TransLink Technical Briefing

Transcription

1 2013 Base Plan TransLink Technical Briefing September 17, A better place to live based on transportation excellence

2 Reasons we are here today Demand is growing We are being fiscally responsible Our revenues are challenged We will continue to live within our means What we are able to deliver over the next three years 1 A better place to live based on transportation excellence

3 A unique mandate Toronto 2 A better place to live based on transportation excellence

4 A unique mandate Montreal 3 A better place to live based on transportation excellence

5 A unique mandate Chicago 4 A better place to live based on transportation excellence

6 80% increase in transit ridership = 5 million transit trips million transit trips 14 million transit trips added in 2011 at no extra cost million transit trips 5 A better place to live based on transportation excellence

7 Has auto use reached a plateau? 6% Population Growth 2008 to % 17% 6% 4% Travel Option Growth 2008 to A better place to live based on transportation excellence

8 40% increase in transit market share 1999: 10% 2011: 14% 7 A better place to live based on transportation excellence

9 Making lasting investments 8 A better place to live based on transportation excellence

10 TransLink Update 9 A better place to live based on transportation excellence

11 Our action plan Put planned expansion projects on hold Aggressively cut costs and find efficiencies Be fiscally responsible 10 A better place to live based on transportation excellence

12 Being fiscally responsible 11 A better place to live based on transportation excellence

13 Measuring success: market confidence 12 A better place to live based on transportation excellence

14 We planned for Moving Forward Evergreen Line contribution Increase bus service Upgrade stations Restore road funding Restore bike capital funding 13 A better place to live based on transportation excellence

15 Our financial challenges $108M $152M $38M $30M $144M Total shortfall $472M 14 A better place to A live better based place on transportation to live based on excellence transportation excellence

16 Triple challenge to TransLink Rising fuel prices can reduce sales volume TransLink is affected in three ways 15 A better place to live based on transportation excellence

17 Fuel volatility 16 A better place to live based on transportation excellence

18 We re not all going to the Fraser Valley! Squamish/ Whistler -0.2M L Metro Vancouver M L Fraser Valley +18.3M L 17 A better place to live based on transportation excellence

19 $98 million in annual efficiencies Efficiencies previously-assumed Cost-saving efficiencies Revenue-increasing efficiencies Total efficiencies $57 million annually $17 million annually $24 million annually $98 million annually ( ) 18 A better place to live based on transportation excellence

20 What s in and what s out A better place to live based on transportation excellence

21 What s in... Evergreen Line contribution 20 A better place to live based on transportation excellence

22 What s in... Increase bus service by 109,000 hours 21 A better place to live based on transportation excellence

23 What s in... Increase bus service by 109,000 hours Phase 1: Highway 1 Rapid Bus 22 A better place to live based on transportation excellence

24 What s in... Increase bus service by 109,000 hours Phase 1: King George Boulevard B-Line 23 A better place to live based on transportation excellence

25 What s in... Upgrade stations Expo Line stations 24 A better place to live based on transportation excellence

26 What s out... Increase bus service by 306,000 hours 25 A better place to live based on transportation excellence

27 What s out... Upgrade stations Lonsdale Quay Restore road funding Restore bike capital funding 26 A better place to live based on transportation excellence

28 Park and Ride Policy 27 A better place to live based on transportation excellence

29 Delivering within our means Being more efficient Generating more revenue Drawing down the reserve 28 A better place to live based on transportation excellence

30 Impacts to customers 29 A better place to live based on transportation excellence

31 Where do we go from here? 30 A better place to live based on transportation excellence

32 Questions? 31 A better place to live based on transportation excellence