05-29-2018, 02:02 PM
(05-29-2018, 01:05 PM)Bob_McBob Wrote: Ridesharing, taxis pitched as alternatives to GRT
Quote:Regional officials estimate that the Waterloo service would receive 10,600 rides over 10 months, the Kitchener service 5,700 and the Cambridge service 3,800.
It is estimated that running the three services for 10 months would cost a little more than $210,000, while bringing in about $33,000 in fare revenue.
So that's about 20 rides per day for the Kitchener pilot, and 35 per day in Waterloo. The cost per ride is about $20 on average, with a 15% recovery rate.
How is this a transit alternative?