TOareaFan
Superstar
Because if you're 10 min late you only have to wait 15 min for the next go train.
I "get" the theory but not your math
Because if you're 10 min late you only have to wait 15 min for the next go train.
I "get" the theory but not your math
A big reason for the long construction time on Eglinton is to spread borrowing over a longer time period giving a project a lower net present value cost to the province. With more upfront spending this could be accelerated.
I am an old guy.....and maybe the math has changed......but how does lengthening the period of time when all the cash flows are outward and pushing out the time before any cash flows are inward lower net present value? I would have thought it would have had, exactly, the opposite effect.
Actually, delay would reduce the present value cost, if construction price inflation is less than the interest rate on government debt.
Back when the decision was made, construction price inflation was running at 4.2%, and OFA was issuing long bonds with a 4.4% coupon. So it was pretty much a wash.
That doesn't look like a typical case of transit "sucking". Was there a mechanical breakdown?Because the transit service available there sucks.