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Presentation to: Greater Vancouver’s Livability Forum TransLink’s 2010 10-Year Transportation and Financial Plan June 1, 2009. Presentation Outline. We can’t afford the status quo Our solution: The Big Move A bold 25-year, $50 billion plan

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  1. Presentation to: Greater Vancouver’s Livability Forum TransLink’s 2010 10-Year Transportation and Financial Plan June 1, 2009

  2. Presentation Outline • We can’t afford the status quo • Our solution: The Big Move • A bold 25-year, $50 billion plan • Plus unfunded legacy costs • The $1.0B rev-gen club • Revenue and financial tools: Feasibility/risk matrix • What people told us: Results First • We have a starting foundation • The initial “Big 5” projects and beyond • Our progress so far… In record time

  3. Why we can’t afford the status quoAuto-dependent growth is choking our economy, environment and QOL • The Greater Toronto and Hamilton Area (GTHA) in Southern Ontario:Canada’s largest urban region –- one of the fastest-growing in North AmericaFrom 6.0 million people today to over 8.6 million in 20311.5 million more cars in 2031Cost of congestion to the regional economy: $6.0 billion per year today, rising to $15.0 billion in 2031 if left uncheckedAverage time each person spends each weekday commuting will increase from 82 minutes today to 109 minutes in 2031

  4. Our solution…An integrated transportation plan to enhance sustainability, prosperity and QOL • A high quality of life -- comfort, reliability, choice, attractive, safe • A thriving, healthy and protected environment -- smaller carbon footprint, ecosystem approach, conserving land • A strong, prosperous and competitive economy -- functional, integrated, efficient, fiscally sustainable, secure

  5. The “Big Move” transformationFrom today’s part-time, radial regional transit system

  6. To a bold $50 billion plan in 25 yearsA fast, frequent regional transit grid

  7. To a bold $50 billion plan in 25 yearsA fast, frequent regional transit grid

  8. Transformational change targetsTo achieve the Big Move objectives

  9. $50B is “only” capital expansionThe new transit assets will create over $3.0B per year in un-funded legacy costs

  10. GTHA’s $1.0B+ revenue-generation clubNo single silver-bullet solution, given the size of the investment challenge

  11. What it could mean to the typical driverUnderstanding the everyday pocketbook impact

  12. Tools feasibility/risk matrixAttitudinal, legislative, policy and technical challenges to implementation

  13. What people told us“Results First” • Transportation congestion -- the leading GTHA issue • A bold comprehensive plan needed –- not incremental improvements • Single-point of regional collaboration and accountability • Demonstrated support and coordination by all levels of government • Follow the international and national leaders • Results First: • Move forward with new projects first -- funded by existing commitments • Build implementation credibility and track record first -– before seeking new revenue and financial tools

  14. We now have starting foundation (1/2)The new, action-focused Metrolinx Act, effective May 2009

  15. We now have a starting foundation (2/2)The new, action-focused Metrolinx Act, effective May 2009

  16. A green light for the Metrolinx “Big 5”$9.6B in project funding announced by the Premier in April-May 2009 * 33% cost-shared by the federal government

  17. Beyond the initial “Big 5”Building a continuous project pipeline

  18. Our progress so far: Inception to implementation in record time… Now a fast-track to a robust “Results First” 7-year build program 2007 2008 2009 “QuickWins” project bundle developed in collaboration with GTHA municipalities 1st Board meeting $744 M Quick Wins Investment Package 14 New Projects 2008 to 2012 Metrolinx Quick Wins project development Approved by Province 1st CEO recruited New Metrolinx Act Metrolinx-GO merger $9.6B Five Major Transformational Projects Fall 2009 to 2016 Metrolinx Regional Transportation Plan and Project Benefits Case Analysis Approved by Province

  19. John Howe, General Manager Investment Strategy and Projects 416-874-5912 or 416-453-6818 john.howe@metrolinx.com www.metrolinx.com

  20. Appendix Transit Financial and Performance Snapshot

  21. Metrolinx, the regional transportation authority GO Transit, the major regional cross-boundary transit provider Plus nine municipal transit providers GTHA Transit Landscape Today

  22. New revenue tools for TorontoEffective 2008 • Personal Vehicle Tax ($60 per auto) = $46M per year • Municipal Land Transfer Tax (LTT) (0.5% to 2.0%) = $160M per year • (Over and above existing Provincial vehicle registration fee and LTT) • Combined, the new vehicle tax and municipal LTT will account for only 2% of Toronto’s total annual revenues • Toronto is dedicating the new revenues to municipal core services -- but not uniquely to roads and transit

  23. Ridership (2007, millions of passenger trips per year)Toronto-TTC accounts for more than 75% of GTHA transit ridership Rest of GTHA GO Transit Toronto-TTC

  24. Operating Cost(2007, $M)GTHA transit systems incur $1.8B in annual operating costs Rest of GTHA GO Transit Toronto-TTC

  25. Cost Recovery (2007, %)GO and TTC boast the highest transit operating cost-recovery rates in the world 86% Rest of GTHA 73% GO Transit 49% 46% Toronto-TTC

  26. Capital Investment (2007, $M)$1.3B in GTHA transit expansion and improvement projects in 2007 Rest of GTHA Toronto-TTC GO Transit

  27. Dedicated Federal and Ontario Gas TaxEstimated $M per year allocated to GTHA municipalities Federal 5 cents/L Toronto dedicates its federal gas tax allocation to transit ($163M per year) Other GTHA municipalities allocate federal gas tax funds to a range of municipal and community infrastructure needs Ontario 2 cents/L Municipalities are mandated to dedicate their provincial gas tax allocations to support transit needs

  28. A growing federal funding presenceCanada has committed $2.9B committed to GTHA transit needs since 2004

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