Rail

Cost of 3-week Cincinatti streetcar delay could total $2M

Posted on April 15, 2015

City of Cincinnati
City of Cincinnati

CINCINATTI — The cost of pausing the city’s streetcar project for nearly three weeks in 2013 could exceed $2 million, depending on whether or not a deal could be struck with the project’s consultant on the manufacturing of the vehicles, the Cincinnati Business Courier reported.

The city’s streetcar team said it is negotiating an overrun payment to its consultant, with the vehicles being delayed six months from the original schedule. The team’s conservative estimate is that the consultant could have to be paid $1 million, but it is continuing to negotiate that amount. The $1 million is in addition to the $1 million the City of Cincinnati has already spent because of the City Council’s decision to delay the project.

Additionally, the Southwest Ohio Regional Transit Authority has reduced its estimates by $569,000 for both streetcar fare revenue and what it believes it can capture from those who want to advertise on the vehicles.

The original streetcar operations budget guessed that fare revenue would generate $1 million per year, but it is now estimated to generate $675,000 a year, while advertising revenue estimates have now been slashed from $350,000 to $106,000 a year. For the full story, click here.

View comments or post a comment on this story. (0 Comments)

More News

Feds wants more proof of local money for Durham-Orange light rail line

Go Triangle expects its Board of Trustees to vote April 26 on a $70 million engineering contract, which would be executed only after the FTA allows the project to advance.

SEPTA trains collide, injuring 4

Crews are still working to remove the 18 cars involved, with each car weighing about 37 tons. The NTSB is on the scene and fully in charge of the investigation.

Minn. legislators attempting to move $900M from rail to roads, bridges

GOP legislators have long sought to block planning and funding for light-rail projects, saying they put metro-area priorities above rural Minnesota.

Alstom secures $105M Australian trainset contract

The contract will expand PTV’s fleet to 101 trains (606 cars) delivered from Alstom’s manufacturing facility in Ballarat since 2002.

DC Streetcar fares to remain free

The decision to hold off on charging fares was based on two reasons — District Department of Transportation feared charging even $1 per ride would scare away passengers and charging a fare would actually cost the District money.

See More News

Post a Comment

Post Comment

Comments (0)

More From The World's Largest Fleet Publisher

Automotive Fleet

The Car and truck fleet and leasing management magazine

Business Fleet

managing 10-50 company vehicles

Fleet Financials

Executive vehicle management

Government Fleet

managing public sector vehicles & equipment

TruckingInfo.com

THE COMMERCIAL TRUCK INDUSTRY’S MOST IN-DEPTH INFORMATION SOURCE

Work Truck Magazine

The number 1 resource for vocational truck fleets

Schoolbus Fleet

Serving school transportation professionals in the U.S. and Canada

LCT Magazine

Global Resource For Limousine and Bus Transportation

Please sign in or register to .    Close