Costs

The gondola capital cost includes gondola infrastructure (cabins, terminals, towers, angle stations) and property costs (aerial rights and land required for infrastructure). The operating and maintenance costs include the cost to operate (labour, energy) and maintain the system (routine maintenance and rehabilitation).

Capital costs for gondola infrastructure and property acquisition

Route 1: $210 million

Route 2: 13% more than Route 1

Route 3: 10% more than Route 1

As a comparison, we have routine capital costs associated with bus operation as we replace them every 15 years. The capital costs associated with the gondola system are for 30 years. In a 30-year period, we anticipate we could spend upwards of $77.5 million on bus replacements.

Operating and maintenance costs

Route 1: $5.6 million (30% less than bus service)

Route 2: $7.2 million (8% less than bus service)

Route 3: $7.2 million (8% less than bus service)

As a comparison, we spend $7.8 million per year on operating and maintaining bus.

Findings: Route 1 has the lowest capital, operating, and maintenance costs.