While searching for some ridership reports recently, I came across METRO’s 2012 Operating And Capital Budget. Yep, it’s 56 pages of goodness that would be awesome for reading material when you have been drinking Red Bull all night.
Some pretty interesting nuggets can be found and are listed below. Please note, I just skimmed and wrote down a few things that jumped out at me, there is a LOT more on their web site. Feel free to download the report and read at your leisure.
2010 operating cost per boarding $2.72
Average Fare per ride increased from $.76 in FY2010 to over $.80 in FY2011.
$412,308 in system advertising revenue in FY2011
Service Frequency for FY 2012 plan includes running until 2am on Friday and Saturday evenings. Sounds like “Night Rail” may continue!?
Total Ridership is forecasted at 12.500 million passengers for the year with fare revenues generating $10.035 million.
Average weekday boardings are forecasted at 38,876 while Saturday and Sunday average ridership are forecasted at 27,507 and 20,833 per day respectively.
FY 2011 budget was approved at $90 million. Total expenditures for FY 2012 are estimated at $87.7 million. The balance for FY 2011 capital expenditures has been reprogrammed into the project cash flows for expenditure in FY12 and future years.
As the young transportation system continues to enjoy milestones, they seem to have a positive outlook towards the future. With an additional 37 miles of High Capacity Transit scheduled to be built in the next 20 ( or so ) years, there will be a lot of celebrations along with a lot of challenges. Stick around, it’s sure to be an interesting ride…