kEiThZ
Superstar
Sometimes I wish they'd just update the VIA Fast proposal and push that through by splitting it with the provinces. That would do far more to achieve something in my lifetime.
Hamilton would definitely work and Niagara probably would too, especially if the line connects to Buffalo. Even the painfully slow GO line to Niagara Falls gets 2-3 times more ridership than they were expecting. I don't think the study looked at that corridor though. I'm surprised that going as far as London wasn't considered feasible. That part of Southern Ontario is the most densely populated part of Canada, even though it consists of a bunch of smallish cities and no big ones. Maybe seriously upgraded conventional rail is a better option.Extending to Windsor may be more ideal than practical, but I would think that extending from Toronto towards at least Hamilton makes more sense. This stretch has to be at least as feasible as the Montreal to Quebec City leg, otherwise Toronto-Ottawa-Montreal is all that is really necessary. If the NYC to Buffalo line ever gets built, then perhaps connecting to that makes sense at some point later on.
Hopefully they'd have the HSR trains go directly to Pearson for a seamless connection instead of making people transfer at Union. It's not like it would cost anything - that line is being electrified eventually anyway. The HSR trains could even replace the diesel Metrolinx trains altogether.The report also suggests there would be no need to connect downtown Toronto to the airport because of the Union Station-to-Pearson shuttle that Metrolinx is building and is set to open in 2015.
Interesting. Something tells me they underestimated the air travel impacts.The report contains a disclaimer saying its estimates on the impact on air travel would require further study because its airfare forecasts were wrong.
Some news of the most recent HSR study is finally trickling out...
The 1995 study anticipated an operating ratio (expenses as a percentage of revenue) of 40% at first, and 29% by 2025. For the updated study let's say that ratio is 35% - at $1.2 billion in revenue that works out to $780 million in profit. If that's year one and profits go up from there, it would probably take 20-25 years to pay for the capital costs.So it isn't even close to profitable?
$1.2B in revenue subtract unknown operating expenses and you get 50 years to pay off the capital investment?
I have no problem with government taking a hit on something like this but with a 15 year build period we would need buyin from all sides of the spectrum or risk it being cancelled pretty early in the process to save $10B ($9B having been disappeared).
The infrastructure may not extend to Windsor, Hamilton, etc. but the trains surely can run that far on the existing tracks (albeit at lower speeds). Thats the point of HSR. Much of the track in SW Ontario is dead straight, and would require only some grade separations and maintenance work to support a decent service.
So it isn't even close to profitable?
$1.2B in revenue subtract unknown operating expenses and you get 50 years to pay off the capital investment?
I have no problem with government taking a hit on something like this but with a 15 year build period we would need buyin from all sides of the spectrum or risk it being cancelled pretty early in the process to save $10B ($9B having been disappeared).
If the forecast is for 11 million passengers, then I think $1.2 billion would be an operating profit estimate, not gross revenue. An HSR fare won't average as little as $100 - perhaps twice that.
Well $200 is what Acela and Eurostar e.g. would typically charge for a similar 3 hour journey. But you're right. Air fares are pretty low now thanks to Porter, so it might be hard to make HSR work in the Toronto-Montreal corridor.
I assume that the optimal price range would be a tiny bit above a typical airfare. Given the advantages of HSR vs the plane ... the HSR could probably put airlines out of business in the Toronto-Ottawa-Montreal markets.
Hard to say. A Eurostar ticket from London to Paris (350km straight line, 2:25h trip) costs about $110CAD, and an Acela ticket between New York and Boston (350km straight line, 3:45h trip) costs $100USD.
No thanks. I don't think Canada has China's appetite for accepting train crashes.The Chinese have apparently licensed the Maglev technology from Siemens and are said to be able to produce for a whole lot less cost.