WAKE FOREST PUBLIC TRANSIT PLAN
(assuming the current cost-splitting arrangement continues in a similar fashion).
Table 7 summarizes the assumptions and the planning-level annual operating costs for East and West loops. The routes have a similar travel time, therefore the costs are identical – $550,000 per year for each loop ($1,100,000 total). Like the WFL, approximately 17% of the West Loop route length operates in the City of Raleigh, therefore the project team assumes that under a similar agreement between Raleigh and Town of Wake Forest, the cost of the West Loop to the Town is 83% of the total cost – $457,000 for a total of $1,007,000 for both loops (assuming the current cost-splitting arrangement continues in a similar fashion).
Table 7: Estimated Annual Operating Cost for Circulator – 60-minute Frequency
West Loop (Counterclockwise)
East Loop (Clockwise)
Route Length (miles) Frequency (minutes)
12 (one-way)
13 (one-way)
60 15
60 15
Revenue Hours per Day 1
Number of Vehicles Total Hours per Day
1
1
15 16
15 16
Total Vehicle Hours per Day 2
Days per Year 3
312
312
Vehicle Revenue Hours per Year 4,992
4,992
Cost per Vehicle Hour 4
$109.39
$109.39
$550,000
$550,000
Annual Operating Cost
Annual Operating Cost (minus City of Raleigh Portion – 17%) Total Annual Operating Cost 5
$457,000
$550,000
$1,007,000
1 6:00 a.m. to 9:00 p.m. 2 Includes one hour of deadhead per day for each vehicle to account for travel to and from bus garage. 3 Average weekdays and Saturdays per year. 4 Based on FY2024 cost per revenue hour for GoRaleigh fixed route. 5 Assumes the cost-splitting arrangement between Raleigh and Wake Forest continues in a similar fashion.
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