public meeting agenda - fraseropolis · launch the public consultation on the phase two plan. 4....
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AGENDA PACKAGE, April 20, 2018
PUBLIC MEETING AGENDA Version: April 13, 2018
April 20, 2018, 9:00AM to 10:15AM
TransLink, Room 427/428, 400 – Nelso ’s Cou t, Ne West i ste , BC
Chair: Mayor Derek Corrigan Vice-Chair: Mayor Richard Walton
9:00AM 1. PRELIMINARY MATTERS
1.1. Call to order
1.2. Adoption of agenda ...................................................................... Page 1
1.3. Approval of Minutes (March 23, 2018) ................................................. 2
9:05AM
2. REPORT OF THE JOINT FINANCE COMMITTEE
2.1. Public Consultation on Phase Two Investment Plan ............................. 5
9:40AM 3. REPORT OF JOINT PLANNING COMMITTEE ............................................... 43
9:50AM 4. REPORT OF TRANSLINK MANAGEMENT ................................................... 45
10:05AM 5. PUBLIC DELEGATES ................................................................................ ORAL
10:15AM 6. OTHER BUSINESS
6.1. Upcoming meetings:
Joi t Meeti g of Ma o s’ Cou il a d Boa d: May 24, 2018
June 28, 2018
10:15AM 7. ADJOURN
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AGENDA PACKAGE, April 20, 2018
MEETING OF THE MAYORS’ COUNCIL ON REGIONAL TRANSPORTATION
PUBLIC MEETING MINUTES
Mi utes of the Pu li Meeti g of the Ma o s’ Cou il o Regio al T a spo tatio Ma o s’ Cou il held on Friday, March 23, 2018 at 1:30 p.m. at Metro Vancouver, 28th floor Committee Meeting Room South,
4730 Kingsway, Burnaby BC.
PRESENT:
Mayor Derek Corrigan, Burnaby, Chair
Mayor Richard Walton, North Vancouver
District, Vice-Chair
Mayor Wayne Baldwin, White Rock
Mayor John Becker, Pitt Meadows
Mayor Malcolm Brodie, Richmond
Mayor Karl Buhr, Lions Bay
Councillor Craig Cameron, West Vancouver
(Alternate)
Mayor Mike Clay, Port Moody
Mayor Ralph Drew, Belcarra (arrived 1:41 p.m.)
Mayor Jack Froese, Langley Township
Director Maria Harris, Electoral Area A
Mayor Linda Hepner, Surrey
Mayor Lois Jackson, Delta
Councillor Patrick Johnstone, New Westminster
(Alternate)
Mayor John McEwen, Anmore
Mayor Greg Moore, Port Coquitlam (arrived
1:37 p.m.)
Mayor Darrell Mussatto, North Vancouver City
Mayor Nicole Read, Maple Ridge
Mayor Gregor Robertson, Vancouver
Mayor Ted Schaffer, Langley City
Mayor Murray Skeels, Bowen Island
REGRETS:
Mayor Richard Stewart, Coquitlam Chief Bryce Williams, Tsawwassen First Nation
ALSO PRESENT:
Michael Buda, E e uti e Di e to , Ma o s’ Cou il o Regio al T a spo tatio Se eta iat
Geoff Cross, Vice President, Policy and Planning, TransLink
PREPARATION OF MINUTES:
Rae Ratslef, Recording Secretary, Raincoast Ventures Ltd.
1. Preliminary Matters
1.1 Call to Order
The Chair called the meeting to order at 1:33 p.m.
1.2 Adoption of Agenda
Draft Age da for the Mar h , 8 Pu li Meeti g of the Mayors’ Cou il o Regio al Transportation, version dated March 21, 2018, was provided with the agenda material.
It was MOVED and SECONDED
That the Ma o s’ Cou il o Regio al T a spo tatio adopts the age da fo its Pu li eeti g scheduled March 23, 2018, as circulated.
CARRIED
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AGENDA PACKAGE, April 20, 2018
1.3 Approval of Minutes – February 15, 2018
Draft Minutes of the February 15, 2018 Public Meeting of the Mayors’ Cou il o Regio al Transportation, was provided with the agenda material.
It was MOVED and SECONDED
That the Ma o s’ Cou il o Regio al T a spo tatio adopts the i utes of its Pu li Meeti g held February 15, 2018, as circulated.
CARRIED
Chai Co iga ought to the atte tio of the Ma o ’s Cou il, P o i e of BC O de of the Lieutenant Governor in Council, Order in Council No. 148, dated March 22, 2018, repealing
Section 34.1 of the South Coast British Columbia Transportation Act.
Mayor Moore arrived at the meeting at 1:37 p.m.
2. Report of the Joint Finance Committee
2.1 Next Steps on Phase Two Investment Plan
Prese tatio titled Mar h , 8 Meeti g of the Mayors’ Cou il as pro ided ith the agenda material.
Geoff Cross, Vice President, Policy and Planning, TransLink, referred to the distributed
presentation (also projected), and highlighted next steps on the Phase Two Plan, and plans for
related public consultation.
Mayor Drew arrived at 1:41 p.m.
It was MOVED and SECONDED
That the Ma o s’ Cou il o Regio al T a spo tatio e ei es the epo t.
CARRIED
3. Other Business
3.1 Upcoming Meetings
It as oted that the e t eeti g of the Ma o s’ Cou il o Ap il , at : a. . ould launch the public consultation on the Phase Two Plan.
4. Adjourn
It was MOVED and SECONDED
That the Ma o s’ Cou il o Regio al T a spo tatio Pu li Meeting held
March 23, 2018 be now terminated.
CARRIED
(Time: 1:42 p.m.)
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AGENDA PACKAGE, April 20, 2018
Certified Correct:
Mayor Derek Corrigan, Chair Rae Ratslef, Recording Secretary
Raincoast Ventures Ltd.
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AGENDA PACKAGE, April 20, 2018
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AGENDA PACKAGE, April 20, 2018
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AGENDA PACKAGE, April 20, 2018
TO: Ma o s’ Cou il o Regional Transportation
FROM: Geoff Cross, Vice President, Transportation Policy and Planning
DATE: April 13, 2018
SUBJECT: ITEM 2.1 – Proposed Phase Two Plan content for consultation
RECOMMENDATION:
That the Ma o s’ Cou il o Regio al Transportation:
A. Endorse the proposed content of the Phase Two Plan for consultation, and
B. Receive the supplementary fare increase application submitted by TransLink pursuant to
Section 223 of the South Coast British Columbia Transportation Authority Act.
PURPOSE:
This report provides a summary of the proposed content of the Phase Two Plan and planned
o sultatio a ti ities. This epo t fulfils the di e tio p o ided the Ma o s’ Cou il to T a sLi k staff on March 9, 2018 to develop a Phase Two Plan for consideration in April 2018.
BACKGROUND:
Th oughout a d , the Ma o s’ Cou il o Regio al T a spo tatio Ma o s’ Cou il a d TransLink Board of Directors (TransLink Board) have collaboratively guided the development of a draft
investment plan, the Phase Two Plan, to advance the second phase of transportation investments in the
10-Year Vision.
Befo e the Phase T o Pla a e p ese ted to the Ma o s’ Cou il fo o side atio a d app o al, the South Coast British Columbia Transportation Authority Act (SCBCTA Act) requires consultation on the
proposed content with the public in the transportation service region, local governments, and Metro
Vancouver Regional District.
DISCUSSION:
Proposed content for Phase Two Plan
The Phase Two Plan significantly expands transportation service and infrastructure in this region and
advances the implementation of the 10-Year Vision, including:
construction and operation of the Surrey-Newton-Guildford Light Rail Transit and Millennium
Line Broadway Extension
modernization of Expo-Millennium Line infrastructure, including significant upgrades to systems
and stations
project development of the Surrey-Langley Line and the Burnaby Mountain Gondola
increased bus and rail service
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AGENDA PACKAGE, April 20, 2018
improvements to sidewalks and bikeways
upgrades to major roads, including seismic retrofits
To fund this service and infrastructure expansion, the Phase Two Plan includes the following new
revenue sources:
Federal funding through the Public Transit Infrastructure Fund
Provincial funding
Increase to transit fares, including increases beyond the target fare rates set in the SCBCTA Act
Increase to parking sales tax
Increase to property tax
Increase to development cost charges (DCCs)
These essential areas of interest to the public have been summarized in the Phase Two Plan Discussion
Guide. The Phase Two Plan Discussion Guide table of contents is attached to this report as Annex A.
Planned consultation activities
Should the Ma o s’ Cou il e do se the p oposed o te t of the Phase T o Pla , TransLink would
undertake the following consultation activities for the Phase Two Plan from April 30 to May 11, 2018:
Internet
o Public consultation website (tenyearvision.translink.ca)
o Public consultation survey open to all members of the public
o Research survey with a random sample of the regional population
In person
o Eight open houses for the public around the region
o Other stakeholder engagement events
Metro Vancouver Regional District
o Coo di atio ith the Chai of the Ma o s’ Cou il to o sult ith Metro Vancouver on
an increase to the TransLink borrowing limit proposed in the Phase Two Plan
o Consultation with Metro Vancouver on the proposed content of the Phase Two Plan
These planned consultation activities by TransLink are consistent with the municipal engagement and
public consultation strategy approved by the TransLink Board for the Phase Two Plan in December 2017,
as required by the SCBCTA Act.
Additional consultation requirements for fare increases
In addition to the general requirements for TransLink to consult with the public, local governments and
Metro Vancouver on its investment plans, the SCBCTA Act requires that TransLink submit an application
to the Ma o s’ Cou il he p oposi g t a sit fa es highe tha ta geted fa es Se tio . The
ta geted fa es a e defi ed i the SCBCTA Act as the transit fare rates from April 2008, increased by 2%
per year, compounded annually. The SCBCTA Act also e ui es that the Ma o s’ Cou il e su e that this application be brought to the attention of the public, including by being published on the TransLink
e site fo at least da s p io to Ma o s’ Cou il app o al Se tio .
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Annex B provides more information on the proposed fare increases in the Phase Two Plan and serves as
the application to the Ma o s’ Cou il des i ed i Se tio of the SCBCTA Act. This report and
A e B ha e ee pu lished o the T a sLi k e site as pa t of the Ma o s’ Cou il age da pa kage. Should the Ma o s’ Cou il e do se the o te t of the Phase T o Pla fo o sultation, that would
constitute the beginning of the required 30-day public comment period.
NEXT STEPS:
I Ma , T a sLi k ill epo t to the T a sLi k Boa d a d the Ma o s’ Cou il o the esults of consultation on the Phase Two Plan. The input from the public, local governments, and Metro
Vancouver Regional District will be used to develop the final Phase Two Plan document for
o side atio the T a sLi k Boa d a d the Ma o s’ Cou il.
ATTACHMENTS:
Annex A – Phase Two Plan Discussion Guide table of contents
Annex B – Application to increase Phase Two Plane fares above SCBCTA Act ta geted fa es
Annex C – Section 223 of SCBCTA Act
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AGENDA PACKAGE, April 20, 2018
ANNEX A
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AGENDA PACKAGE, April 20, 2018
ANNEX B
Application to increase Phase Two Plan fares above SCBCTA Act targeted fares
What are targeted fares ?
The SCBCTA Act esta lishes a ta geted fa e fo e tai T a sLi k sho t te fa e p odu ts, i ludi g ash fa es a d Da Passes. P o i ial legislatio defi es the ta geted fa e fo these fa e p odu ts as the
April 2008 fare rates increased by 2% per year, compounded annually. TransLink may apply to the
Ma o s’ Cou il o Regio al T a spo tatio to i ease sho t te fa es a o e the ta geted fa e under section 223 of the South Coast British Columbia Transportation Authority Act.
In the last decade, TransLink has mai tai ed a tual t a sit fa es fa elo the ta geted fa es . To complete the regional share of funding for the first phase of transportation improvements in the 10-
Year Vision, the Phase One Plan included gradual fare increases so that some fare products would
e e tuall eet the ta geted fa es". U de the Phase O e Pla , the ea liest that a fa e p odu t ould eet ta geted fa es is .
Purpose of fare increases in the Phase Two Plan
The Government of Canada and Government of British Columbia have committed an unprecedented
amount of funding to cost-share a second phase of transportation improvements in the 10-Year Vision.
With the availability of this new federal and provincial funding, the region has a chance to improve the
transportation system at a substantially lower cost to local taxpayers.
To fully leverage the new federal and provincial contributions, the region must also provide its share of
fu di g fo the Phase T o Pla . I Ma h , the Ma o s’ Cou il app o ed a fu di g st ateg to
complete the regional share for the Phase Two Plan, including a 2% increase to transit fares. The
increase in transit fares will generate an estimated $105 million in revenue over ten years, slightly more
than 1% of the total new funding in the Phase Two Plan.
Proposed fare increases in the Phase Two Plan
The Phase Two Plan proposes transit fare increases in 2020 and 2021, in addition to the increases
al ead app o ed i the Phase O e Pla . Co siste t ith Ma o s’ Cou il di e tio , Phase T o Pla fares would be an average of 2% higher than Phase One Plan approved fares: conventional and custom
transit cash fares and Stored Value fares would increase ten to fifteen cents more than the rates in the
Phase One Plan; conventional and custom transit Monthly Passes would increase fifty cents to $1 more
than the rates in the Phase One Plan; West Coast Express fares would not increase more than the rates
in the Phase One Plan. Table 1 below summarizes the incremental fare increases proposed in the Phase
Two Plan:
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AGENDA PACKAGE, April 20, 2018
Table 1. Annual incremental fare increases proposed in Phase Two Plan, compared to Phase One Plan
approved fares
Fare product 2018-19 2020 2021 2022-27
Total increase
over Phase
One Plan
fares
Conventional
transit
Adult
Cash - $0.10 $0.05 - $0.15
Stored Value* - $0.10 $0.05 - $0.15
DayPass - - $0.25 - $0.25
Monthly Pass - - $1.00 - $1.00
Concession
Cash - $0.05 $0.05 - $0.10
Stored Value* - $0.05 $0.05 - $0.10
DayPass - - $0.25 - $0.25
Monthly Pass - - $0.50 - $0.50
Custom
transit
Cash - $0.10 $0.05 - $0.15
Stored Value* - $0.10 $0.05 - $0.15
Monthly Pass - - $1.00 - $1.00
West Coast
Express All - - - - -
*Discounted rate from the cash fare product
Because the Phase Two Plan fare increases are incremental to Phase One Plan approved fares, should
the Phase T o Pla e app o ed the T a sLi k Boa d a d Ma o s’ Cou il, the so e o e tio al and custom transit short term fare products would exceed the ta geted fa es i the e t te ea s: ash fa es ould i ease te to fiftee e ts a o e ta geted fa es ; Da Passes ould i ease 5 e ts a o e ta geted fa es . West Coast E p ess sho t te fa es ould ot e eed the ta geted
fa es i the e t ten years.
At the end of this application, Table 2 outlines the difference between the proposed Phase Two Plan
short term fares and the SCBCTA Act ta geted fa es , hile Ta le outli es the p oposed fa es fo every TransLink fare product.
Considerations for affordability
TransLink has made efforts to ensure that the transit fares proposed in the Phase Two Plan remain
affordable for residents:
The proposed increases are small and gradual.
Discounted fares will continue to be available to customers who use the Compass card.
The fare increases have been timed to match the start date of transit improvements so that
customers will directly experience benefits from increased fare revenues.
Actual fare increases will continue to be reviewed and approved by the TransLink Board each year
before they are implemented.
TransLink is also developing recommendations for making the transit fare structure simple, fair, and
affordable through the Transit Fare Review. The Transit Fare Review included three phases of public
consultation in 2016 and 2017. Once the Transit Fare Review is completed, the fare rates proposed in
the Phase Two Plan will be updated to reflect any recommended improvements to the transit fare
structure.
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AGENDA PACKAGE, April 20, 2018
Additional SCBCTA Act requirements
Per the SCBCTA Act, this application also includes the following documents:
Section 223 SCBCTA Act requirement Attached record
Current strategic plan and the current service,
capital and operational plans
Phase One Plan (July 2017) – Full Financial
Statements and Financial Indicators
Parameters and assumptions used in the
financial projections of the authority
2018 Business Plan – Key Drivers and Assumptions
Authority's expenditures and revenue in the
previous fiscal year
2017 Statutory Report – Consolidated Statement
of Operations
An estimate, for the current fiscal year, of the
authority's expenditures and revenue;
2018 Business Plan – Consolidated Statement of
Operations
This application will be posted on the TransLink website for 30 days for the public to provide comments,
as required by the SCBCTA Act. I Ma , T a sLi k ill epo t to the Ma o s’ Cou il o a comments from the public about the proposed fare increase, as well as the overall results of public
consultation on the Phase Two Plan.
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AGENDA PACKAGE, April 20, 2018
Table 2. Difference between proposed Phase Two short term fares and SCBCTA Act targeted fares
Negati e u er gray ell i di ates the proposed fare is less tha the targeted fare ; positi e u er hite ell i di ates the proposed fare is more than
the targeted fare .
2018 2019 2020 2021 2022 2023 2024 2025 2026 2027
Year that
fare
begins to
exceed
target
Short term fare produ ts su je t to SCBCTA targeted fares
Conventional
transit
Adult Cash
1-zone -$0.10 -$0.10 $0.05 $0.15 $0.15 $0.15 $0.15 $0.15 $0.15 $0.15 2020
2-zone -$0.35 -$0.40 -$0.25 -$0.20 -$0.15 -$0.10 -$0.05 -$0.05 $0.05 $0.10 2026
3-zone -$0.35 -$0.45 -$0.30 -$0.20 -$0.15 -$0.10 -$0.05 $0.00 $0.10 $0.15 2026
DayPass All zones -$0.50 -$0.50 -$0.50 $0.00 $0.00 $0.00 $0.25 $0.25 $0.25 $0.25 2024
Concession Cash
1-zone -$0.20 -$0.15 -$0.10 -$0.05 $0.00 $0.00 $0.00 $0.05 $0.05 $0.10 2025
2-zone -$0.15 -$0.10 $0.00 $0.10 $0.10 $0.10 $0.10 $0.10 $0.10 $0.10 2021
3-zone -$0.35 -$0.35 -$0.25 -$0.15 -$0.15 -$0.10 -$0.05 $0.00 $0.00 $0.05 2027
DayPass All zones -$0.50 -$0.25 -$0.25 $0.00 $0.25 $0.25 $0.25 $0.25 $0.25 $0.25 2022
Custom transit Cash All zones -$0.10 -$0.10 $0.05 $0.15 $0.15 $0.15 $0.15 $0.15 $0.15 $0.15 2020
West Coast
Express
Adult
Cash, one-way
1/2-zone -$0.35 -$0.45 -$0.40 -$0.35 -$0.30 -$0.25 -$0.20 -$0.15 -$0.05 $0.00 n/a
3-zone -$0.75 -$0.85 -$0.85 -$0.75 -$0.70 -$0.60 -$0.55 -$0.50 -$0.40 -$0.30 n/a
4-zone -$0.85 -$1.00 -$0.90 -$0.85 -$0.75 -$0.70 -$0.60 -$0.50 -$0.35 -$0.30 n/a
5-zone -$1.25 -$1.45 -$1.35 -$1.30 -$1.15 -$1.05 -$0.90 -$0.80 -$0.70 -$0.50 n/a
Cash, return
ticket
1/2-zone -$0.80 -$0.80 -$0.70 -$0.60 -$0.50 -$0.35 -$0.25 -$0.15 $0.00 $0.00 n/a
3-zone -$0.95 -$1.00 -$0.90 -$0.75 -$0.60 -$0.50 -$0.35 -$0.20 $0.00 $0.00 n/a
4-zone -$1.35 -$1.50 -$1.35 -$1.20 -$1.05 -$0.85 -$0.65 -$0.50 -$0.25 -$0.05 n/a
5-zone -$2.10 -$2.35 -$2.15 -$1.95 -$1.75 -$1.50 -$1.25 -$1.05 -$0.75 -$0.45 n/a
Concession
Cash, one-way
1/2-zone -$0.25 -$0.20 -$0.20 -$0.15 -$0.15 -$0.05 -$0.05 $0.00 $0.00 $0.00 n/a
3-zone -$0.45 -$0.45 -$0.40 -$0.40 -$0.35 -$0.30 -$0.25 -$0.25 -$0.15 -$0.10 n/a
4-zone -$0.40 -$0.45 -$0.40 -$0.35 -$0.30 -$0.25 -$0.20 -$0.15 -$0.05 $0.00 n/a
5-zone -$0.85 -$0.95 -$0.85 -$0.85 -$0.75 -$0.70 -$0.60 -$0.55 -$0.45 -$0.40 n/a
Cash, return
ticket
1/2-zone -$0.25 -$0.15 -$0.05 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 n/a
3-zone -$0.35 -$0.30 -$0.25 -$0.15 -$0.05 $0.00 $0.00 $0.00 $0.00 $0.00 n/a
4-zone -$0.70 -$0.65 -$0.55 -$0.45 -$0.35 -$0.25 -$0.10 $0.00 $0.00 $0.00 n/a
5-zone -$1.15 -$1.20 -$1.10 -$0.90 -$0.80 -$0.65 -$0.45 -$0.35 -$0.15 $0.00 n/a
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Table 3. Proposed fares in Phase Two Plan, inclusive of fare increases approved in Phase One Plan
2018 2019 2020 2021 2022 2023 2024 2025 2026 2027
Total
increase
2018-27
Short term fare products
Conven-
tional
transit
Adult Cash
1-zone $2.95 $3.00 $3.20 $3.35 $3.45 $3.50 $3.55 $3.65 $3.70 $3.75 $0.80
2-zone $4.20 $4.25 $4.50 $4.65 $4.80 $4.95 $5.10 $5.20 $5.40 $5.55 $1.35
3-zone $5.70 $5.75 $6.00 $6.25 $6.45 $6.60 $6.80 $7.00 $7.20 $7.40 $1.70
DayPass All zones $10.25 $10.50 $10.75 $11.50 $11.75 $12.00 $12.50 $12.75 $13.00 $13.25 $3.00
Concess-
ion
Cash
1-zone $1.90 $2.00 $2.10 $2.20 $2.30 $2.35 $2.40 $2.50 $2.55 $2.65 $0.75
2-zone $2.90 $3.00 $3.15 $3.30 $3.40 $3.45 $3.50 $3.60 $3.65 $3.70 $0.80
3-zone $3.90 $4.00 $4.15 $4.35 $4.45 $4.60 $4.75 $4.90 $5.00 $5.15 $1.25
DayPass All zones $8.00 $8.25 $8.50 $9.00 $9.25 $9.50 $9.75 $10.00 $10.25 $10.25 $2.25
Custom transit Cash All zones $2.95 $3.00 $3.20 $3.35 $3.45 $3.50 $3.55 $3.65 $3.70 $3.75 $0.80
West
Coast
Express
Adult
Cash,
one-way
1/2-zone $5.70 $5.75 $5.90 $6.10 $6.30 $6.45 $6.65 $6.85 $7.05 $7.25 $1.55
3-zone $7.45 $7.50 $7.70 $7.95 $8.20 $8.45 $8.70 $8.95 $9.20 $9.50 $2.05
4-zone $9.20 $9.25 $9.55 $9.80 $10.10 $10.40 $10.70 $11.05 $11.40 $11.70 $2.50
5-zone $12.45 $12.50 $12.90 $13.25 $13.65 $14.05 $14.50 $14.95 $15.35 $15.85 $3.40
Cash,
return
ticket
1/2-zone $10.75 $11.00 $11.35 $11.65 $12.00 $12.40 $12.75 $13.15 $13.55 $13.80 $3.05
3-zone $14.25 $14.50 $14.95 $15.40 $15.85 $16.30 $16.80 $17.30 $17.85 $18.20 $3.95
4-zone $17.50 $17.75 $18.30 $18.85 $19.40 $20.00 $20.60 $21.20 $21.85 $22.50 $5.00
5-zone $23.50 $23.75 $24.45 $25.20 $25.95 $26.75 $27.55 $28.35 $29.20 $30.10 $6.60
Concess-
ion
Cash,
one-way
1/2-zone $3.40 $3.50 $3.60 $3.70 $3.80 $3.95 $4.05 $4.20 $4.25 $4.35 $0.95
3-zone $4.40 $4.50 $4.65 $4.75 $4.90 $5.05 $5.20 $5.35 $5.55 $5.70 $1.30
4-zone $5.65 $5.75 $5.90 $6.10 $6.30 $6.45 $6.65 $6.85 $7.05 $7.25 $1.60
5-zone $7.65 $7.75 $8.00 $8.20 $8.45 $8.70 $9.00 $9.25 $9.55 $9.80 $2.15
Cash,
return
ticket
1/2-zone $6.75 $7.00 $7.20 $7.40 $7.55 $7.70 $7.85 $8.05 $8.20 $8.35 $1.60
3-zone $8.75 $9.00 $9.25 $9.55 $9.85 $10.05 $10.30 $10.50 $10.70 $10.90 $2.15
4-zone $11.00 $11.25 $11.60 $11.95 $12.30 $12.65 $13.05 $13.40 $13.70 $13.95 $2.95
5-zone $15.00 $15.25 $15.70 $16.20 $16.65 $17.15 $17.70 $18.20 $18.75 $19.30 $4.30
Discounted or non-short term fare products
Conventi
onal
transit
Adult
Stored
Value
1-zone $2.30 $2.40 $2.55 $2.70 $2.75 $2.85 $2.95 $3.00 $3.10 $3.20 $0.90
2-zone $3.35 $3.45 $3.65 $3.80 $3.90 $4.05 $4.15 $4.25 $4.40 $4.50 $1.15
3-zone $4.40 $4.50 $4.75 $4.90 $5.05 $5.20 $5.35 $5.50 $5.70 $5.85 $1.45
Monthly
Pass
1-zone $95.00 $98.00 $101.00 $105.00 $108.00 $111.00 $114.00 $116.00 $119.00 $121.00 $26.00
2-zone $128.00 $131.00 $135.00 $140.00 $144.00 $148.00 $153.00 $157.00 $161.00 $165.00 $37.00
3-zone $174.00 $177.00 $182.00 $189.00 $194.00 $200.00 $206.00 $212.00 $219.00 $225.00 $51.00
Concession
Stored
Value
1-zone $1.85 $1.95 $2.05 $2.15 $2.25 $2.25 $2.30 $2.35 $2.40 $2.45 $0.60
2-zone $2.85 $2.95 $3.05 $3.20 $3.25 $3.30 $3.35 $3.45 $3.50 $3.60 $0.75
3-zone $3.85 $3.95 $4.10 $4.30 $4.40 $4.55 $4.70 $4.75 $4.85 $4.95 $1.10
Monthly
Pass
All zones $54.00 $56.00 $58.00 $59.50 $61.50 $63.50 $65.50 $66.50 $67.50 $69.50 $15.50
Custom transit Stored
Value
All zones $2.30 $2.40 $2.55 $2.70 $2.75 $2.85 $2.95 $3.00 $3.10 $3.20 $0.90
Public Meeti g of the Ma o s’ Cou il o Regio al T a spo tatio Page 16 of 58
AGENDA PACKAGE, April 20, 2018
2018 2019 2020 2021 2022 2023 2024 2025 2026 2027
Total
increase
2018-27
Monthly
Pass
All zones $95.00 $98.00 $101.00 $105.00 $108.00 $111.00 $114.00 $116.00 $119.00 $121.00 $26.00
West
Coast
Express
Adult
Stored
Value,
one-way
1/2-zone $4.80 $4.90 $5.05 $5.20 $5.35 $5.50 $5.70 $5.85 $6.05 $6.20 $1.40
3-zone $6.25 $6.35 $6.55 $6.75 $6.95 $7.15 $7.35 $7.60 $7.80 $8.05 $1.80
4-zone $7.65 $7.75 $8.00 $8.20 $8.45 $8.70 $9.00 $9.25 $9.55 $9.80 $2.15
5-zone $10.40 $10.50 $10.80 $11.15 $11.45 $11.80 $12.15 $12.55 $12.90 $13.30 $2.90
Stored
Value,
return
pass
1/2-zone $10.50 $10.75 $11.05 $11.40 $11.75 $12.10 $12.35 $12.60 $12.85 $13.15 $2.65
3-zone $13.50 $13.75 $14.15 $14.60 $15.00 $15.50 $15.95 $16.40 $16.90 $17.30 $3.80
4-zone $16.75 $17.00 $17.50 $18.05 $18.60 $19.15 $19.70 $20.30 $20.90 $21.45 $4.70
5-zone $22.50 $22.75 $23.45 $24.15 $24.85 $25.60 $26.35 $27.15 $28.00 $28.80 $6.30
Monthly
Pass
1/2-zone $155.75 $158.75 $164.00 $168.00 $173.00 $179.00 $184.00 $190.00 $195.00 $201.00 $45.25
3-zone $205.00 $208.00 $214.00 $221.00 $227.00 $234.00 $241.00 $248.00 $256.00 $263.00 $58.00
4-zone $248.00 $251.00 $259.00 $266.00 $274.00 $283.00 $291.00 $300.00 $309.00 $318.00 $70.00
5-zone $339.75 $342.75 $353.00 $364.00 $375.00 $386.00 $397.00 $409.00 $422.00 $434.00 $94.25
Concession
Stored
Value,
one-way
1/2-zone $2.80 $2.90 $3.00 $3.10 $3.15 $3.25 $3.35 $3.45 $3.55 $3.65 $0.85
3-zone $3.60 $3.70 $3.80 $3.95 $4.05 $4.15 $4.30 $4.40 $4.55 $4.70 $1.10
4-zone $4.70 $4.80 $4.95 $5.10 $5.25 $5.40 $5.55 $5.75 $5.90 $6.10 $1.40
5-zone $6.35 $6.45 $6.65 $6.85 $7.05 $7.25 $7.50 $7.70 $7.95 $8.15 $1.80
Stored
Value,
return
pass
1/2-zone $6.50 $6.75 $6.90 $7.05 $7.20 $7.35 $7.50 $7.65 $7.80 $7.95 $1.45
3-zone $8.25 $8.50 $8.75 $9.00 $9.30 $9.55 $9.75 $9.95 $10.15 $10.35 $2.10
4-zone $10.50 $10.75 $11.05 $11.40 $11.75 $12.10 $12.45 $12.75 $13.00 $13.25 $2.75
5-zone $14.25 $14.50 $14.95 $15.40 $15.85 $16.30 $16.80 $17.30 $17.85 $18.30 $4.05
Monthly
Pass
1/2-zone $95.00 $97.00 $100.00 $103.00 $106.00 $109.00 $112.00 $116.00 $119.00 $123.00 $28.00
3-zone $126.50 $128.50 $132.00 $136.00 $140.00 $145.00 $149.00 $153.00 $158.00 $163.00 $36.50
4-zone $156.25 $158.25 $163.00 $168.00 $173.00 $178.00 $183.00 $189.00 $195.00 $200.00 $43.75
5-zone $219.25 $221.25 $228.00 $235.00 $242.00 $249.00 $256.00 $264.00 $272.00 $280.00 $60.75
Note: Fares shown in table are assumed to be effective on July 1 of each year.
Page 11
Key Drivers
Ridership
Ridership journeys are used in estimating the fare revenue. They are assumed to grow by 2.6 per cent
over the forecasted 2017 year end, based on increased ridership from service expansion and economic
growth.
Households
Household projections are based on estimates from BC Stats. BC Stats provides annual household
estimates for the Metro Vancouver region. The number of households in the Metro Vancouver region is
expected to grow by 1.9 per cent in 2018 when compared to 2017. Household growth impacts both fare
revenues and taxation revenues.
Interest rates
Interest rates for the budget are based on forecasts from major Canadian chartered banks, the Ministry
of Finance, BC Budget Fiscal Plan 2017-18 to 2019-20 and TransLink credit spread and issue costs. Short-
term borrowing rates are expected to be 0.4 percentage points higher and long term borrowing rates
are expected to be 0.3 percentage points higher than 2017.
Inflation
Consumer Price Index (CPI) growth assumption for the 2018 budget is 2.0 per cent based on the BC
Ministry of Finance.
Taxable fuel consumption
Fuel consumption volumes are used to estimate fuel tax revenue. Fuel volume projections are
developed using a Provincial forecast modified for specific characteristics in the Region. Fuel volumes
are forecasted to grow by 1.0 per cent over the 2017 budget.
Hydro cost
Electricity rates increased by 3.5 per cent in April 2017 per BC Hydro and will increase by 3.0 per cent in
April 2018 for an annualized rate of 3.13 per cent in 2018. Hydro costs impact propulsion power for
SkyTrain and Trolley Buses along with facility utility costs. Rate increases take effect in April of every
year.
Gasoline and Diesel prices
Fuel prices affect operating costs for buses as well as West Coast Express Trains. Fuel prices are
estimated using US Energy Information Administration forecasts adjusted for Canadian prices, taxes and
price differentials. Diesel and natural gas volumes and rates are hedged through to the fall of 2018.
Gasoline purchases are not hedged.
Revenue Vehicle insurance
Bus fleet insurance rates are expected to increase by 12.1 per cent on April 1, 2018 based on claims
experience to date and the expected basic rate increase from ICBC.
Page 12
Assumptions
The following table highlights the financial impact of changes in key assumptions used to develop the
2018 budget:
ASSUMPTIONS
RATE / Impact
VOLUME Change ($ millions)
Revenue
Regional Fuel Consumption millions of litres 2,285 1 per cent +/- 3.9
Ridership millions of journeys 251.6 1 per cent +/- 6.1
Expense
Diesel cost dollars per litre 1.27 $0.10 +/- 3.5
Operational Diesel Use millions of litres 34.91 1 per cent +/- 0.4
Interest rate Short term 1.9% 0.5 per cent +/- 1.3
Long term 3.8% 0.5 per cent +/- 1.5
Inflation General 2.00% 0.5 per cent +/- 0.3
Materials 2.00% 0.5 per cent +/- 0.4
Electricity 3.13% 0.5 per cent +/- 0.1
Collective Agreements1
TPPA 1 per cent + 0.2
1 Unifor, MoveUP (COPE), and CUPE agreements expire either at the end of 2018 or later.
SENSITIVITIES
Page 48
Consolidated Statement of Operations
Consolidated Statement of Operations
Twelve months ending December 31 2016 2017 2018
($ thousands) ACTUAL BUDGET BUDGET
Revenue
Taxation 825,670 833,028 855,072
Transit 541,589 558,910 606,805
Golden Ears Bridge tolling 52,116 55,744 -
Government Transfers 240,533 281,904 424,078
Amortization of Deferred Concessionaire Credit 23,337 23,337 23,337
Investment Income 40,567 37,712 48,189
Miscellaneous 6,351 5,464 6,036
Gain (Loss) on Disposal 422,183 149,677 (447)
2,152,346 1,945,776 1,963,070
Expenses
Bus Division 656,542 693,091 731,703
Corporate 120,887 118,646 133,232
Rail Division 265,940 300,010 308,576
Roads & Bridges 52,453 103,244 104,256
Transit Police 33,759 36,921 38,461
Sub-total Expenses, before Amortization and Interest 1,129,581 1,251,912 1,316,228
Amortization of Capital Assets 181,663 209,286 214,436
Interest 172,705 176,301 179,267
1,483,949 1,637,499 1,709,931
Surplus for the year 668,397 308,277 253,139
Accumulated surplus, beginning of year 315,675 504,775 1,089,682
Accumulated surplus, end of year 984,072 813,052 1,342,821
2
SOUTH COAST BRITISH COLUMBIA TRANSPORTATION AUTHORITY Consolidated Statement of Operations (Expressed in thousands of dollars)
Year ended December 31, 2017, with comparative information for 2016
2017 2017 2016 Budget Actual Actual
(note 2(s))
Revenue: Taxation (note 15) $ 833,028 $ 821,333 $ 825,670 Transit (note 7(j)) 558,910 590,964 541,589 Golden Ears Bridge tolling (note 7(h)) 55,744 29,743 52,116 Government transfers (note 7(a)) 281,904 166,902 240,533 Amortization of deferred concessionaire
credit (note 9(a)) 23,337 23,274 23,337 Investment income 37,712 50,278 40,567 Miscellaneous revenue 5,464 7,009 6,351 Gain (loss) on disposal of tangible
capital assets 149,677 (1,104) 422,183 1,945,776 1,688,399 2,152,346
Expenses: Bus division 838,110 826,089 789,843 Corporate 150,100 136,460 144,870 Rail division 412,924 407,761 363,537 Roads and bridges 199,059 184,351 151,711 Transit Police 37,306 37,495 33,988
1,637,499 1,592,156 1,483,949
Surplus for the year 308,277 96,243 668,397
Accumulated surplus, beginning of year 504,775 984,072 315,675
Accumulated surplus, end of year $ 813,052 $ 1,080,315 $ 984,072
See accompanying notes to consolidated financial statements.
Update to Phase One of the 10-Year Vision2017–2026 INVESTMENT PLAN
JULY 27, 2017
tenyearvision.translink.ca
Approved by the TransLink Board of Directors – July 19, 2017
and the Mayors’ Council on Regional Transportation – July 27, 2017
81 2017–2026 INVESTMENT PLAN APPENDIX D
Ta
ble
1A
: C
on
soli
da
ted
Sta
tem
en
t o
f F
ina
nci
al
Po
siti
on
1
UP
DA
TE
D B
AS
E W
ITH
EC
ON
OM
IC A
SS
UM
PT
ION
S,
LAN
D,
RID
ER
SH
IP,
FU
EL
ad
j &
min
or
Mo
de
l A
dj,
28
Ca
r A
cce
lera
ted
(in
th
ou
sa
nd
s o
f d
olla
rs)
Actu
al
Up
da
ted
Bu
dg
et
Fo
reca
st
Fo
reca
st
Fo
reca
st
Ou
tloo
kO
utlo
ok
Ou
tloo
kO
utlo
ok
Ou
tloo
kO
utlo
ok
Fo
r th
e y
ea
rs e
nd
ing
31
De
c.
20
16
20
17
20
18
20
19
20
20
20
21
20
22
20
23
20
24
20
25
20
26
Fin
an
cia
l a
ss
ets
Ca
sh
an
d in
ve
stm
en
ts3
33
,35
3
35
6,3
99
34
5,5
14
34
9,7
67
35
4,7
97
36
2,5
83
38
5,6
57
40
7,1
90
43
9,2
88
48
6,1
62
57
0,4
99
Acco
un
ts r
ece
iva
ble
13
3,7
36
13
7,7
48
14
1,8
81
14
6,1
37
15
0,5
21
15
5,0
37
15
9,6
88
16
4,4
78
16
9,4
13
17
4,4
95
17
9,7
30
Lo
an
re
ce
iva
ble
3
25
,31
3
31
0,1
97
25
0,7
34
19
0,0
09
12
7,9
97
64
,67
0
-
-
-
-
-
Re
str
icte
d c
ash
an
d in
ve
stm
en
ts5
04
,29
5
55
9,7
17
62
3,1
10
61
1,8
14
63
7,1
55
71
4,9
00
85
4,6
21
94
3,4
66
1,0
41
,45
3
1,0
16
,69
6
1,1
13
,99
9
De
bt re
se
rve
de
po
sits
35
,04
9
32
,94
4
29
,74
0
28
,37
3
29
,07
3
27
,06
9
24
,56
1
25
,16
9
23
,36
9
22
,00
7
11
,26
8
Fin
an
cia
l A
ss
ets
To
tal
1,3
31
,74
6
1,3
97
,00
6
1,3
90
,97
81
,32
6,1
00
1,2
99
,54
31
,32
4,2
59
1,4
24
,52
61
,54
0,3
02
1,6
73
,52
41
,69
9,3
61
1,8
75
,49
5
Lia
bilit
ies
Acco
un
ts p
aya
ble
an
d a
ccru
ed
lia
bili
ties
(27
0,0
41
)
(27
5,4
42
)
(28
0,9
51
)
(28
6,5
70
)
(29
2,3
01
)
(29
8,1
47
)
(30
4,1
10
)
(31
0,1
92
)
(31
6,3
96
)
(32
2,7
24
)
(32
9,1
78
)
De
bt
(2,3
47
,26
6)
(2,5
68
,00
6)
(2,7
83
,10
7)
(2,9
91
,58
5)
(3,0
11
,43
3)
(3,0
41
,14
8)
(3,0
63
,95
9)
(3,1
72
,96
1)
(3,1
97
,31
4)
(3,0
87
,72
9)
(3,1
28
,98
5)
De
ferr
ed
go
ve
rnm
en
t tr
an
sfe
rs(9
41
,04
6)
(1,0
10
,96
0)
(1,0
97
,93
4)
(1,0
11
,06
1)
(90
2,2
06
)
(79
6,7
34
)
(70
2,4
23
)
(64
4,2
36
)
(61
6,7
71
)
(59
5,4
95
)
(57
7,2
74
)
Go
lde
n E
ars
Brid
ge
co
ntr
acto
r lia
bili
ty(1
,04
9,0
21
)
(1,0
44
,07
6)
(1,0
38
,89
6)
(1,0
31
,86
6)
(1,0
22
,82
0)
(1,0
11
,59
5)
(99
8,0
29
)
(98
1,9
21
)
(96
3,0
64
)
(94
1,2
59
)
(91
6,2
62
)
De
ferr
ed
co
nce
ssio
na
ire
cre
dit
(54
9,0
59
)
(52
5,7
22
)
(50
2,4
49
)
(47
9,1
75
)
(45
5,9
02
)
(43
2,5
65
)
(40
9,2
92
)
(38
6,0
18
)
(36
2,7
45
)
(33
9,4
08
)
(31
6,1
35
)
Em
plo
yee
fu
ture
be
ne
fits
(12
0,1
47
)
(13
1,5
48
)
(14
3,2
33
)
(15
6,1
31
)
(16
9,9
99
)
(18
4,2
71
)
(19
8,8
71
)
(21
3,7
50
)
(22
8,8
10
)
(24
3,6
82
)
(25
8,3
03
)
De
ferr
ed
lea
se
ind
uce
me
nts
(1
2,5
78
)
(12
,33
8)
(11
,51
1)
(10
,68
4)
(9,8
57
)
(9,0
30
)
(8,2
03
)
(7,3
76
)
(6,5
49
)
(5,7
22
)
(4,8
95
)
Lia
bilit
ies
To
tal
(5,2
89
,15
8)
(5,5
68
,09
2)
(5,8
58
,08
0)
(5,9
67
,07
3)
(5,8
64
,51
9)
(5,7
73
,48
9)
(5,6
84
,88
7)
(5,7
16
,45
5)
(5,6
91
,64
9)
(5,5
36
,02
0)
(5,5
31
,03
3)
Ne
t d
eb
t(3
,95
7,4
12
)
(4,1
71
,08
6)
(4,4
67
,10
3)
(4,6
40
,97
3)
(4,5
64
,97
6)
(4,4
49
,23
1)
(4,2
60
,36
1)
(4,1
76
,15
2)
(4,0
18
,12
5)
(3,8
36
,65
9)
(3,6
55
,53
8)
No
n-f
ina
nc
ial a
ss
ets
Ta
ng
ible
ca
pita
l asse
ts4
,86
7,9
96
5,1
31
,42
8
5,6
67
,81
05
,90
6,4
11
5,8
70
,54
65
,77
8,9
89
5,6
10
,55
65
,58
5,6
18
5,5
17
,46
55
,38
6,6
19
5,4
06
,88
5
Su
pp
lies in
ve
nto
ry6
1,8
31
63
,68
6
65
,59
7
67
,56
4
69
,59
1
71
,67
9
73
,82
9
76
,04
4
78
,32
6
80
,67
5
83
,09
6
Pre
pa
id e
xpe
nse
s1
1,6
57
12
,00
7
12
,36
7
12
,73
8
13
,12
0
13
,51
4
13
,91
9
14
,33
7
14
,76
7
15
,21
0
15
,66
6
No
n-F
ina
nc
ial A
ss
ets
To
tal
4,9
41
,48
4
5,2
07
,12
0
5,7
45
,77
45
,98
6,7
13
5,9
53
,25
75
,86
4,1
82
5,6
98
,30
45
,67
5,9
99
5,6
10
,55
75
,48
2,5
05
5,5
05
,64
7
Ac
cu
mu
late
d s
urp
lus
19
84
,07
2
1,0
36
,03
4
1,2
78
,67
1
1,3
45
,74
0
1,3
88
,28
1
1,4
14
,95
1
1,4
37
,94
3
1,4
99
,84
6
1,5
92
,43
2
1,6
45
,84
5
1,8
50
,10
9
1 T
he
Accu
mu
late
d S
urp
lus is d
erive
d u
nd
er
Pu
blic
Se
cto
r A
cco
un
tin
g S
tan
da
rds a
nd
do
es n
ot
rep
rese
nt
ca
sh
ava
ilab
le.
A la
rge
drive
r o
f th
e in
cre
ase
in
accu
mu
late
d s
urp
lus is d
ue
to
re
ve
nu
e f
rom
go
ve
rnm
en
t tr
an
sfe
rs f
or
fun
din
g c
ap
ita
l in
ve
stm
en
ts.
Th
e
rela
ted
am
ort
iza
tio
n e
xp
en
se
, w
hic
h is b
ase
d o
n t
he
use
ful lif
e o
f th
e a
sse
t, w
ill o
ffse
t th
is in
cre
ase
in
go
ve
rnm
en
t tr
an
sfe
rs r
eve
nu
e o
ve
r tim
e.
Appendix D: Full Financial Statements and Financial Indicators
82 2017–2026 INVESTMENT PLAN APPENDIX D
Ta
ble
2A
: C
on
soli
da
ted
Sta
tem
en
t o
f O
pe
rati
on
s(in
th
ou
sa
nd
s o
f d
olla
rs)
Up
da
ted
Actu
al
Up
da
ted
Bu
dg
et
Fo
reca
st
Fo
reca
st
Fo
reca
st
Outlo
ok
Outlo
ok
Outlo
ok
Outlo
ok
Outlo
ok
Outlo
ok
20
16
20
17
20
18
20
19
20
20
20
21
20
22
20
23
20
24
20
25
20
26
Re
ve
nue
Ta
xa
tion
82
5,6
70
83
6,3
42
85
4,8
01
87
3,5
70
90
2,2
01
92
6,5
71
95
1,6
98
97
2,8
31
99
4,7
95
1,0
17
,63
8
1,0
41
,39
5
Fu
el
tax
39
5,7
31
38
7,8
78
38
8,4
09
38
8,9
86
38
9,5
68
39
0,1
56
39
0,7
50
39
1,3
50
39
1,9
55
39
2,5
67
39
3,1
85
Pro
pe
rty
ta
x3
24
,49
6
33
9,3
32
35
5,8
82
37
2,6
78
38
9,3
23
40
6,6
83
42
4,7
90
44
3,6
76
46
3,3
74
48
3,9
22
50
5,3
54
Pa
rkin
g R
igh
ts6
7,0
33
70
,38
7
71
,44
3
72
,51
5
73
,60
2
74
,70
6
75
,82
7
76
,96
4
78
,11
9
79
,29
1
80
,48
0
Hy
dro
le
vy
20
,45
0
20
,74
5
21
,06
7
21
,39
1
21
,70
8
22
,02
5
22
,33
1
22
,64
1
22
,94
5
23
,25
2
23
,56
4
Re
pla
cem
en
t ta
x1
7,9
61
18
,00
0
18
,00
0
18
,00
0
18
,00
0
18
,00
0
18
,00
0
18
,00
0
18
,00
0
18
,00
0
18
,00
0
De
ve
lop
me
nt
fee
-
-
-
-
10
,00
0
15
,00
0
20
,00
0
20
,20
0
20
,40
2
20
,60
6
20
,81
2
Tra
nsit
54
1,5
89
56
5,9
06
59
4,6
17
62
4,4
82
65
2,5
04
67
5,4
95
70
0,0
86
72
3,6
30
74
6,9
38
76
8,3
97
79
0,0
75
Go
ve
rnm
ent tr
ansfe
rs2
40
,53
3
15
9,4
68
39
0,9
54
24
4,1
21
17
4,6
27
15
7,8
76
14
6,6
21
17
2,3
18
17
5,1
04
10
9,0
72
23
4,9
08
Go
lde
n E
ars
Brid
ge
to
lling
52
,11
6
55
,74
4
57
,86
6
60
,07
2
62
,36
6
64
,75
1
67
,23
1
69
,81
0
72
,49
2
75
,28
1
78
,18
1
Inve
stm
ent in
co
me
40
,56
7
48
,28
8
48
,09
8
46
,41
1
50
,51
7
56
,55
3
59
,59
9
63
,72
3
71
,48
0
75
,63
7
78
,96
1
Am
ort
iza
tion o
f d
efe
rre
d c
once
ssio
na
ire
cre
dit
23
,33
7
23
,33
7
23
,27
3
23
,27
3
23
,27
3
23
,33
7
23
,27
3
23
,27
3
23
,27
3
23
,33
7
23
,27
3
Mis
ce
llane
ous r
eve
nue
6,3
51
5,4
64
5,3
96
5,4
79
5,3
77
5,4
01
5,5
02
5,6
04
5,6
79
5,7
85
5,8
93
Su
b T
ota
l C
on
tin
uin
g O
pe
rati
on
s R
ev
en
ue
1,7
30
,16
2
1,6
94
,54
9
1,9
75
,00
6
1,8
77
,40
8
1,8
70
,86
5
1,9
09
,98
4
1,9
54
,01
1
2,0
31
,19
0
2,0
89
,76
3
2,0
75
,14
6
2,2
52
,68
6
Ga
in o
n d
ispo
sa
l4
22
,18
3
(32
3)
-
-
-
-
-
-
-
-
-
To
tal R
ev
en
ue
(P
SA
B)
2,1
52
,34
5
1,6
94
,22
7
1,9
75
,00
6
1,8
77
,40
8
1,8
70
,86
5
1,9
09
,98
4
1,9
54
,01
1
2,0
31
,19
0
2,0
89
,76
3
2,0
75
,14
6
2,2
52
,68
6
Expe
nd
iture
s
Bus d
ivis
ion
65
6,5
40
69
1,2
90
72
1,9
24
75
2,4
36
78
6,6
07
80
8,2
28
82
9,6
90
84
9,9
16
87
0,4
57
88
9,3
64
90
8,1
75
Co
rpo
rate
7
3,2
77
10
1,1
58
98
,49
9
98
,10
4
99
,50
9
10
1,5
60
10
3,5
43
10
5,6
76
10
7,7
39
10
9,9
59
11
2,1
05
Ra
il d
ivis
ion
26
5,9
41
30
0,0
10
30
8,4
39
32
4,6
92
33
6,8
76
34
5,4
50
35
4,4
95
36
2,7
11
36
8,5
23
37
3,6
61
38
1,1
81
Ro
ad
s a
nd
brid
ge
s5
2,4
55
11
6,7
86
14
4,2
16
13
3,9
98
81
,45
8
83
,56
7
84
,90
4
87
,20
6
89
,80
5
92
,54
8
95
,05
1
Tra
nsit
Po
lice
33
,75
8
36
,92
2
37
,45
8
38
,14
7
38
,91
0
39
,68
8
40
,48
2
41
,29
2
42
,11
7
42
,96
0
43
,81
9
Am
ort
iza
tion o
f ta
ngib
le c
apita
l asse
ts*
18
1,6
63
20
0,4
42
23
2,0
48
26
5,2
07
27
8,0
02
28
5,7
51
29
3,4
70
28
9,0
45
27
7,6
15
27
1,0
69
26
7,6
86
Inte
rest*
17
2,7
05
17
6,3
67
18
7,1
27
19
6,4
22
20
6,9
62
21
6,9
95
22
3,3
60
23
3,4
41
24
0,9
22
24
0,0
97
23
9,3
31
Su
b T
ota
l C
on
tin
uin
g O
pe
rati
on
s E
xp
en
dit
ure
s1
,43
6,3
40
1,6
22
,97
5
1,7
29
,71
1
1,8
09
,00
6
1,8
28
,32
4
1,8
81
,23
9
1,9
29
,94
3
1,9
69
,28
6
1,9
97
,17
7
2,0
19
,65
8
2,0
47
,34
8
Co
rpo
rate
- o
ne
time
expe
nd
iture
s4
7,6
09
19
,29
0
2,6
58
1,3
33
-
2,0
75
1,0
75
-
-
2,0
75
1,0
75
To
tal E
xp
en
dit
ure
s (
PS
AB
)1
,48
3,9
49
1,6
42
,26
5
1,7
32
,36
9
1,8
10
,33
9
1,8
28
,32
4
1,8
83
,31
4
1,9
31
,01
8
1,9
69
,28
6
1,9
97
,17
7
2,0
21
,73
3
2,0
48
,42
3
Su
rplu
s (
De
fic
it)
for
the
pe
rio
d (
PS
AB
)6
68
,39
6
51
,96
2
24
2,6
37
67
,06
9
42
,54
1
26
,67
0
22
,99
3
61
,90
3
92
,58
5
53
,41
3
20
4,2
63
Ac
cu
mu
late
d S
urp
lus
1, b
eg
inn
ing
of
the
ye
ar
31
5,6
76
98
4,0
72
1,0
36
,03
4
1,2
78
,67
1
1,3
45
,74
0
1,3
88
,28
1
1,4
14
,95
1
1,4
37
,94
3
1,4
99
,84
6
1,5
92
,43
2
1,6
45
,84
5
Ac
cu
mu
late
d S
urp
lus
1, e
nd
of
the
ye
ar
98
4,0
72
1,0
36
,03
4
1,2
78
,67
1
1,3
45
,74
0
1,3
88
,28
1
1,4
14
,95
1
1,4
37
,94
3
1,4
99
,84
6
1,5
92
,43
2
1,6
45
,84
5
1,8
50
,10
9
1 T
he
Acc
um
ula
ted
Su
rplu
s is
de
rive
d u
nd
er
Pu
bli
c Se
cto
r A
cco
un
tin
g S
tan
da
rds
an
d d
oe
s n
ot
rep
rese
nt
cash
ava
ila
ble
. A
la
rge
dri
ve
r o
f th
e i
ncr
ea
se i
n a
ccu
mu
late
d s
urp
lus
is d
ue
to
re
ve
nu
e f
rom
go
ve
rnm
en
t tr
an
sfe
rs f
or
fun
din
g
cap
ita
l in
ve
stm
en
ts.
Th
e r
ela
ted
am
ort
iza
tio
n e
xpe
nse
, w
hic
h i
s b
ase
d o
n t
he
use
ful
life
of
the
ass
et,
wil
l o
ffse
t th
is i
ncr
ea
se i
n g
ove
rnm
en
t tr
an
sfe
rs r
eve
nu
e o
ve
r ti
me
83 2017–2026 INVESTMENT PLAN APPENDIX D
Ta
ble
3A
: C
on
soli
da
ted
Sta
tem
en
t o
f C
ash
Flo
ws
(in
th
ou
sa
nd
s o
f d
olla
rs)
UP
DA
TE
D B
AS
E W
ITH
EC
ON
OM
IC A
SS
UM
PT
ION
S,
LAN
D,
RID
ER
SH
IP,
FU
EL
ad
j &
min
or
Mo
de
l A
dj,
28
Ca
r A
cce
lera
ted
Actu
al
Up
da
ted
Bu
dg
et
Fo
reca
st
Fo
reca
st
Fo
reca
st
Fo
reca
st
Ou
tlo
ok
Ou
tlo
ok
Ou
tlo
ok
Ou
tlo
ok
Ou
tlo
ok
Fo
r th
e y
ea
rs e
nd
ing
31
De
c.
20
16
20
17
20
18
20
19
20
20
20
21
20
22
20
23
20
24
20
25
20
26
Cash
pro
vid
ed
by (
used
fo
r):
Op
era
tin
g t
ran
sacti
on
s:
Su
rplu
s f
or
the y
ear
668,3
96
51,9
62
242,6
37
67,0
69
42,5
41
26,6
70
22,9
93
61,9
03
92,5
85
53,4
13
204,2
63
Non-c
ash c
hanges t
o o
pera
tions:
Am
ort
izatio
n o
f capita
l assets
181,6
63
200,4
42
232,0
48
265,2
07
278,0
02
285,7
51
293,4
70
289,0
45
277,6
15
271,0
69
267,6
86
Am
ort
izatio
n o
f bond is
sue c
osts
576
(3
4)
(1
00)
(2
79)
(261)
(613)
(634)
(646)
(5
77)
(7
36)
(7
86)
A
mort
izatio
n o
f debt
issue c
osts
193
-
-
-
-
-
-
-
-
-
-
Am
ort
izatio
n o
f D
efe
rred C
oncessio
naire c
redits
(23,3
37)
(23,3
37)
(23,2
73)
(2
3,2
73)
(23,2
73)
(23,3
37)
(23,2
73)
(23,2
73)
(2
3,2
73)
(2
3,3
37)
(2
3,2
73)
A
mort
izatio
n o
f defe
rred g
overn
ment
transfe
rs(1
96,9
45)
(1
40,2
41)
(3
71,7
27)
(224,8
94)
(1
55,4
00)
(1
38,6
49)
(1
27,3
94)
(1
53,0
91)
(155,8
77)
(89,8
45)
(2
15,6
81)
Govern
ment
transfe
rs r
evenue -
asset
receiv
ed
(23,2
61)
Write
-dow
n o
f capita
l assets
/defe
rred le
ase in
ducem
ents
(221)
(1
80)
(827)
(8
27)
(827)
(827)
(827)
(827)
(8
27)
(8
27)
(8
27)
G
ain
on d
isposal o
f R
eal E
sta
te(4
22,1
83)
323
-
-
-
-
-
-
-
-
-
Net
change in
contr
acto
r lia
bili
ty-
66,6
33
67,8
38
67,4
47
66,9
31
66,2
79
65,4
80
64,5
24
63,3
95
62,0
83
60,5
71
Loan R
eceiv
able
s in
tere
st
- tr
ansfe
r fr
om
restr
icte
d f
und
-
(6,8
84)
(6
,536)
(5,2
75)
(3
,988)
(2
,673)
(1
,330)
-
-
-
-
N
on
-cash
ch
an
ge
s t
o o
pe
rati
on
s(4
83,5
16)
96,7
22
(102,5
78)
78,1
05
161,1
84
185,9
31
205,4
91
175,7
32
160,4
55
218,4
07
87,6
90
Ch
an
ge
s i
n n
on
-cash
op
era
tin
g w
ork
ing
cap
ital
(338,2
98)
10,5
25
10,7
91
11,9
22
12,8
06
13,1
20
13,3
56
13,5
38
13,6
18
13,3
25
12,9
64
(153,4
17)
159,2
09
150,8
50
157,0
96
216,5
31
225,7
21
241,8
40
251,1
73
266,6
58
285,1
46
304,9
17
Cap
ital
tran
sacti
on
s:
Net
Pro
ceed/(
Purc
hase)
for
Real E
sta
te T
ransactio
ns
432,9
24
(323)
46,5
51
131,4
49
56,0
00
56,0
00
-
-
-
-
-
Purc
hase o
f capita
l assets
(exc
ludin
g M
RN
)(4
21,8
86)
(4
63,8
73)
(7
68,4
31)
(503,8
08)
(2
42,1
37)
(1
94,1
94)
(1
25,0
36)
(2
64,1
07)
(209,4
61)
(140,2
24)
(287,9
52)
11,0
38
(4
64,1
96)
(7
21,8
80)
(372,3
59)
(1
86,1
37)
(1
38,1
94)
(1
25,0
36)
(2
64,1
07)
(209,4
61)
(140,2
24)
(287,9
52)
Investi
ng
tra
nsacti
on
s:
(Incre
ase)/
decre
ase in
Self-
adm
inis
tere
d s
inki
ng f
und
-
(41,9
55)
(54,3
23)
(6
5,2
29)
(26,0
62)
(77,5
78)
(84,1
43)
(90,6
55)
(9
8,9
25)
24,1
83
(9
7,5
00)
(I
ncre
ase)/
decre
ase in
Cash r
estr
icte
d(3
,286)
10,0
00
10,0
00
10,0
00
10,0
00
10,0
00
10,0
00
10,0
00
10,0
00
10,0
00
10,0
00
D
ecre
ase/(
incre
ase)
in d
ebt
reserv
e f
und d
eposits
1,3
58
2,1
05
3,2
05
1,3
67
(7
00)
2,0
04
2,5
08
(6
08)
1,8
00
1,3
62
10,7
39
(1,9
28)
(2
9,8
50)
(41,1
18)
(5
3,8
62)
(16,7
62)
(65,5
73)
(71,6
35)
(81,2
63)
(8
7,1
25)
35,5
45
(7
6,7
61)
Fin
an
cin
g t
ran
sacti
on
s:
Short
-term
borr
ow
ing
120,0
00
-
-
-
-
-
-
-
-
-
-
B
onds is
sued
150,0
00
313,3
60
304,3
32
295,3
48
160,7
79
128,5
55
115,9
89
194,8
20
108,5
72
100,6
73
120,7
36
Pre
miu
m o
n f
inancin
g24,0
21
S
inki
ng F
unds M
atu
ritie
s129,5
35
138,8
00
50,0
00
-
66,2
00
80,0
00
-
65,0
00
-
280,0
00
Sin
king F
und in
tere
st
(29,9
15)
(29,8
20)
(27,9
81)
(2
4,6
46)
(24,9
81)
(27,5
13)
(26,8
43)
(25,3
31)
(2
7,6
02)
(2
6,7
17)
(2
8,9
18)
S
inki
ng F
und p
aym
ents
(63,3
41)
(53,2
66)
(44,0
12)
(3
6,3
57)
(34,7
00)
(34,7
00)
(32,6
98)
(30,2
78)
(3
0,2
78)
(2
8,3
13)
(2
8,3
13)
G
old
en E
ars
Bridge c
ontr
acto
r lia
bili
ty p
aym
ent
(Receip
t fo
r E
qu
ity)
(1,8
92)
(7
1,5
78)
(73,0
18)
(7
4,4
77)
(75,9
77)
(77,5
04)
(79,0
46)
(80,6
32)
(8
2,2
52)
(8
3,8
88)
(8
5,5
68)
G
overn
ment
transfe
rs r
eceiv
ed f
or
capita
l additi
ons
6,9
25
208,2
30
456,3
68
135,0
71
41,9
53
26,4
36
25,6
98
86,7
14
119,3
49
59,1
44
187,6
57
Short
-term
debt
repaym
ents
-
(7,0
94)
(1
4,6
72)
(2
3,0
58)
(28,3
96)
(33,3
56)
(30,2
76)
(26,7
67)
(2
2,8
93)
(2
1,5
50)
(2
1,4
63)
B
onds m
atu
red
-
(131,9
40)
(1
41,2
66)
(52,5
29)
(52,5
93)
(68,8
59)
(82,7
27)
(2,7
97)
(67,8
68)
(1
32,9
41)
(280,0
00)
Paym
ents
receiv
ed f
or
Land R
eserv
e n
et
to u
nre
str
icte
d-
457
2,7
12
4,0
26
5,3
13
6,5
73
7,8
07
-
-
-
-
205,7
98
357,8
83
601,2
63
273,3
77
(8
,602)
(1
4,1
67)
(22,0
96)
115,7
30
62,0
27
(1
33,5
93)
144,1
31
Incre
ase/(
decre
ase)
in c
ash
61,4
91
23,0
46
(10,8
85)
4,2
53
5,0
30
7,7
87
23,0
73
21,5
33
32,0
99
46,8
74
84,3
36
Cash
, b
eg
inn
ing
of
peri
od
271,8
62
333,3
53
356,3
99
345,5
14
349,7
67
354,7
97
362,5
83
385,6
57
407,1
90
439,2
88
486,1
62
Cash
, en
d o
f p
eri
od
333,3
53
356,3
99
345,5
14
349,7
67
354,7
97
362,5
83
385,6
57
407,1
90
439,2
88
486,1
62
570,4
99
84 2017–2026 INVESTMENT PLAN APPENDIX D
Ta
ble
4A
- P
roje
cte
d B
orr
ow
ing
Co
mp
are
d t
o B
orr
ow
ing
Lim
it a
nd
Se
lec
t F
ina
nc
ial R
ati
os
(in m
illio
ns o
f dolla
rs)
Actu
al
Update
d
Budget
Fore
cast
Fore
cast
Fore
cast
Fore
cast
Outlook
Outlook
Outlook
Outlook
Outlook
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
Openin
g G
ross D
irect
Borr
ow
ing
2,8
27
3,0
40
3,2
14
3,3
63
3,5
82
3,6
62
3,6
88
3,6
90
3,8
54
3,8
72
3,8
17
A
dju
stm
ents
-
-
-
-
-
-
-
-
-
-
-
Retir
em
ents
/Oth
er
(81)
(139)
(1
56)
(76)
(8
1)
(1
03)
(114)
(30)
(9
1)
(1
55)
(302)
Short
term
borr
ow
ing
s120
-
-
-
-
-
-
-
-
-
-
B
orr
ow
ing
in Y
r -
Capita
l174
313
304
295
161
129
116
195
109
101
121
C
losin
g G
ross D
irect
Borr
ow
ing
3,0
40
3,2
14
3,3
63
3,5
82
3,6
62
3,6
88
3,6
90
3,8
54
3,8
72
3,8
17
3,6
36
Less:
Sin
kin
g f
unds
(857)
(8
53)
(8
40)
(917)
(1,0
02)
(1
,076)
(1
,140)
(1
,286)
(1
,378)
(1
,408)
(1
,283)
Less:
Debt
Reserv
e F
unds
(35)
(33)
(30)
(2
8)
(2
9)
(2
7)
(2
5)
(2
5)
(2
3)
(2
2)
(1
1)
C
losin
g N
et
Direct
Borr
ow
ing
2,1
48
2,3
29
2,4
93
2,6
37
2,6
30
2,5
85
2,5
26
2,5
43
2,4
71
2,3
87
2,3
41
D
efe
rred C
oncessio
naire c
redits
549
526
502
479
456
433
409
386
363
339
316
G
old
en E
ars
Bridg
e c
ontr
acto
r lia
bili
ty1,0
49
1,0
44
1,0
39
1,0
32
1,0
23
1,0
12
998
982
963
941
916
C
losin
g N
et
Borr
ow
ing
3,7
46
3,8
99
4,0
34
4,1
48
4,1
09
4,0
29
3,9
33
3,9
11
3,7
97
3,6
67
3,5
74
Esta
bli
sh
ed
Bo
rro
win
g L
imit
- G
ross D
irect
Deb
t3,5
00
4,0
00
4,0
00
4,0
00
4,0
00
4,0
00
4,0
00
4,0
00
4,0
00
4,0
00
4,0
00
Reco
ncil
iati
on
of
Bo
rro
win
g D
uri
ng
Year
to A
nn
ual
Cap
ital
Exp
en
dit
ure
s:
Capita
l Exp
enditu
res (
inclu
din
g M
RN
)146
652
988
605
270
222
152
292
239
170
319
Less:
Sr
Gov't
Contr
ibutio
ns
(2)
(3
32)
(5
84)
(156)
(43)
(2
6)
(2
6)
(8
7)
(1
19)
(59)
(1
88)
Less:
Oth
er
Contr
ibutio
ns
-
(6
)
(100)
(154)
(66)
(6
7)
(1
1)
(1
1)
(1
1)
(1
1)
(1
1)
N
et
Exp
enditu
res
144
313
304
295
161
129
116
195
109
101
121
Add:
Gro
ss-u
p f
or
Debt
Reserv
e F
und
-
-
-
-
-
-
-
-
-
-
-
Net
Borr
ow
ing
am
ount
for
capita
l144
313
304
295
161
129
116
195
109
101
121
85 2017–2026 INVESTMENT PLAN APPENDIX D
Tab
le 5
A:
Cap
ital
Cash
Flo
ws -
Pro
jects
Ap
pro
ved
an
d P
rop
os
ed
UP
DA
TE
D B
AS
E W
ITH
EC
ON
OM
IC A
SS
UM
PT
ION
S,
LAN
D,
RID
ER
SH
IP,
FU
EL
ad
j &
min
or
Mo
de
l A
dj,
28
Ca
r A
cce
lera
ted
(in thousands o
f dolla
rs)
PA
TT
UL
LO
ON
LY
Actu
al
Budget
Fore
cast
Fore
cast
Fore
cast
Outlo
ok
Outlo
ok
Outlo
ok
Outlo
ok
Outlo
ok
2017-2
026
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
To
tal
CA
PIT
AL
Pro
jects
Ap
pro
ved
or
Un
de
rway
450,9
64
345,5
97
285,3
92
43,4
08
-
-
-
-
-
-
-
674,3
97
Bu
sB
us
Equip
ment
-
4,0
13
35,0
22
15,0
00
-
-
-
-
-
-
-
54,0
34
B
us
Facili
ties
-
6,7
57
14,9
80
2,6
50
1,4
00
3,8
00
2,5
55
3,1
55
2,4
50
2,8
55
2,4
51
43,0
52
B
us
Infr
astr
uctu
reE
xchange
-
27,9
06
61,2
12
24,7
91
13,2
04
-
-
-
-
-
-
127,1
13
Bus
Infr
astr
uctu
reT
OH
-
2,3
72
6,4
48
9,0
75
3,7
00
3,7
00
1,2
00
1,2
00
1,2
00
1,2
00
1,2
00
31,2
95
B
us
Infr
astr
uctu
reO
ther
-
1,5
51
1,3
16
-
12,1
27
12,7
16
18,7
32
12,1
03
12,0
90
13,0
70
16,9
09
100,6
14
Bus
Technolo
gy
Applic
atio
ns
-
500
3,7
50
4,0
00
-
-
-
-
-
-
-
8,2
50
B
us
Technolo
gy
-
1,0
79
18
-
-
-
-
-
-
-
-
1,0
97
B
us
Vehic
les
Conventio
nal B
us
Repla
ce
-
-
62,3
81
16,3
43
24,3
89
1,1
41
-
81,7
05
120,3
18
67,5
61
208,9
05
582,7
43
Bus
Vehic
les
Conventio
nal B
us
Exp
ansio
n-
4,7
97
79,7
44
59,4
48
-
-
-
-
-
-
-
143,9
89
Bus
Vehic
les
Com
munity
Shutt
leR
epla
ce
-
-
3,5
34
9,1
73
433
11,8
57
13,0
54
4,5
79
12,6
86
478
13,0
91
68,8
84
B
us
Vehic
les
Com
munity
Shutt
leE
xpansio
n-
-
3,0
60
-
-
-
-
-
-
-
-
3,0
60
B
us
Vehic
les
Custo
mR
epla
ce
-
-
5,7
30
6,2
31
6,3
67
6,4
95
6,6
24
6,7
57
6,8
92
7,0
30
9,5
01
61,6
28
B
us
Vehic
les
Custo
mE
xpansio
n-
-
2,8
51
2,2
37
-
-
-
-
-
-
-
5,0
88
B
us
Vehic
les
Seabus
Exp
ansio
n-
-
-
-
-
-
-
-
-
-
-
-
B
us
Vehic
les
Non-R
evenue
-
827
3,3
81
1,5
70
4,0
60
1,4
70
1,5
40
2,2
10
2,0
90
1,4
20
1,0
40
19,6
08
Su
bto
tal
Bu
s-
49,8
02
283,4
24
150,5
19
65,6
81
41,1
79
43,7
05
111,7
08
157,7
26
93,6
14
253,0
97
1,2
50,4
54
Rail
Rail
Equip
ment
-
14,6
84
48,0
12
14,1
63
21,8
42
16,2
85
6,6
85
-
-
-
-
121,6
71
Rail
Facili
ties
-
2,9
30
25,2
50
2,2
50
1,2
50
1,7
50
2,5
00
2,5
00
-
-
-
38,4
30
R
ail
Infr
astr
uctu
reS
tatio
ns
-
15,8
52
31,9
17
20,6
00
20,4
50
10,0
00
-
-
-
-
-
98,8
19
R
ail
Infr
astr
uctu
reW
ays
ide
-
1,7
16
17,4
34
23,6
50
6,6
97
-
-
-
-
-
-
49,4
98
R
ail
Infr
astr
uctu
reO
ther
-
47,0
27
51,0
92
41,5
00
23,3
33
21,9
80
17,7
66
16,9
54
16,3
30
27,9
30
16,3
30
280,2
42
Rail
Technolo
gy
Applic
atio
ns
-
-
3,2
40
-
-
-
-
-
-
-
-
3,2
40
O
ther
-
1,4
18
10,5
77
606
1,1
00
600
100
600
100
600
100
15,8
02
R
ail
Vehic
les
Non-R
evenue
-
-
905
500
625
-
1,7
80
765
405
-
225
5,2
05
R
ail
Vehic
les
Sky
Tra
inR
epla
ce
-
-
-
4,2
00
10,0
80
19,0
00
28,9
00
107,6
00
16,9
50
-
-
186,7
30
Rail
Vehic
les
Sky
Tra
inE
xpansio
n-
35,3
67
3,6
07
58,8
73
3,7
53
-
-
-
-
-
-
101,6
00
Rail
Vehic
les
Canada L
ine
Exp
ansio
n-
44,0
00
44,0
00
-
-
-
-
-
-
-
-
88,0
00
R
ail
Vehic
les
West
Coast
Exp
ress
Repla
ce
-
-
-
1,5
00
1,5
00
1,5
00
1,5
00
1,5
00
-
-
-
7,5
00
R
ail
Vehic
les
West
Coast
Exp
ress
Exp
ansio
n-
10,5
00
10,5
00
-
-
-
-
-
-
-
-
21,0
00
Su
bto
tal
Rail
-
173,4
95
246,5
35
167,8
42
90,6
30
71,1
15
59,2
31
129,9
19
33,7
85
28,5
30
16,6
55
1,0
17,7
38
Co
rpo
rate
Corp
orEquip
ment
-
1,1
21
3,9
30
-
-
-
-
-
-
-
-
5,0
51
C
orp
orFacili
ties
-
-
150
-
-
-
-
-
-
-
-
150
C
orp
orInfr
astr
uctu
re-
1,6
21
1,6
21
-
5,0
00
5,0
00
5,0
00
5,0
00
-
-
-
23,2
41
C
orp
orTechnolo
gy
Applic
atio
ns
-
8,4
17
6,9
93
5,5
00
4,0
00
4,0
00
-
-
-
-
-
28,9
10
C
orp
orTechnolo
gy
Infr
astr
uctu
re-
4,0
50
4,1
85
-
-
-
-
-
-
-
-
8,2
35
C
orp
orTechnolo
gy
Oth
er
-
-
7,2
00
15,4
00
15,7
00
15,9
00
16,1
00
16,2
00
16,6
00
16,8
00
17,2
00
137,1
00
Corp
orVehic
les
Non-R
evenue
-
601
250
115
115
-
-
280
350
280
-
1,9
91
Su
bto
tal
Co
rpo
rate
-
15,8
10
24,3
28
21,0
15
24,8
15
24,9
00
21,1
00
21,4
80
16,9
50
17,0
80
17,2
00
204,6
78
TL R
oads &
Bridges
TL R
oads
Infr
astr
uctu
reB
ridges
Knig
ht
Str
eet
-
-
1,0
00
5,0
00
5,0
00
-
-
-
-
-
-
11,0
00
T
L R
oads
Infr
astr
uctu
reB
ridges
Patt
ullo
-
-
1,0
00
-
-
-
-
-
-
-
-
1,0
00
T
L R
oads
Infr
astr
uctu
reB
ridges
Oth
er
-
-
2,0
00
-
-
-
-
-
-
-
-
2,0
00
T
L R
oads
Infr
astr
uctu
reB
ikeP
rogra
mT
L O
wned
-
3,2
41
5,3
87
5,6
22
1,2
50
1,0
00
1,0
00
1,0
00
1,0
00
1,0
00
1,0
00
21,5
00
T
L R
oads
Infr
astr
uctu
reW
alk
ing P
rogra
m-
-
-
-
-
-
-
-
-
-
-
-
Su
bto
tal
Ro
ad
s &
Bri
dg
es
-
3,2
41
9,3
87
10,6
22
6,2
50
1,0
00
1,0
00
1,0
00
1,0
00
1,0
00
1,0
00
35,5
00
Cap
ital
Gro
ss C
ost
450,9
64
587,9
45
849,0
66
393,4
06
187,3
76
138,1
94
125,0
36
264,1
07
209,4
61
140,2
24
287,9
52
3,1
82,7
67
86 2017–2026 INVESTMENT PLAN APPENDIX D
Tab
le 5
A:
Cap
ital
Cash
Flo
ws -
Pro
jects
Ap
pro
ved
an
d P
rop
os
ed
UP
DA
TE
D B
AS
E W
ITH
EC
ON
OM
IC A
SS
UM
PT
ION
S,
LAN
D,
RID
ER
SH
IP,
FU
EL
ad
j &
min
or
Mo
de
l A
dj,
28
Ca
r A
cce
lera
ted
(in thousands o
f dolla
rs)
PA
TT
UL
LO
ON
LY
Actu
al
Budget
Fore
cast
Fore
cast
Fore
cast
Outlo
ok
Outlo
ok
Outlo
ok
Outlo
ok
Outlo
ok
2017-2
026
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
To
tal
CA
PIT
AL
IN
FR
AS
TR
UC
TU
RE
CO
NT
RIB
UT
ION
SP
roje
cts
Ap
pro
ved
or
Un
de
rway
28,7
80
23,1
12
14,4
59
3,6
67
-
-
-
-
-
-
-
41,2
38
Ro
ad
Netw
ork
Road NIn
frastr
uctu
reB
ICC
S-
10,0
50
18,4
50
18,4
50
1,5
50
1,5
50
1,5
50
1,5
50
1,5
50
1,5
50
1,5
50
57,8
00
R
oad NIn
frastr
uctu
reM
RN
(S
eis
mic
& U
pgra
de)
-
16,5
00
33,0
00
33,0
00
-
-
-
-
-
-
-
82,5
00
R
oad NIn
frastr
uctu
reP
avem
ent
rehab
-
14,2
82
23,1
55
25,3
64
25,1
84
25,8
48
25,7
01
26,4
77
27,5
09
28,6
43
29,4
92
251,6
56
Road NIn
frastr
uctu
reT
ransit
Rela
ted R
oad I
nfr
astr
uctu
re P
rogra
m-
-
3,0
00
-
-
-
-
-
-
-
-
3,0
00
Su
bto
tal
Ro
ad
Netw
ork
-
63,9
44
92,0
64
80,4
81
26,7
34
27,3
98
27,2
51
28,0
27
29,0
59
30,1
93
31,0
42
436,1
94
Op
era
tin
g S
ub
sid
iari
es a
nd
Co
ntr
acto
rs M
ino
r C
ap
ital
-
-
-
-
-
-
-
-
-
-
-
-
Cap
ital
Infr
astr
uctu
re C
on
trib
uti
on
s G
ross C
ost
28,7
80
63,9
44
92,0
64
80,4
81
26,7
34
27,3
98
27,2
51
28,0
27
29,0
59
30,1
93
31,0
42
436,1
94
To
tal
Cap
ital
an
d C
ap
ital
Infr
astr
uctu
re C
on
trib
uti
on
s G
ross C
ost
479,7
44
651,8
89
941,1
30
473,8
87
214,1
10
165,5
92
152,2
87
292,1
35
238,5
21
170,4
17
318,9
94
3,6
18,9
61
60,8
16
124,0
72
80,6
35
(110,4
02)
(54,7
61)
(5
6,0
00)
-
-
-
-
-
-1
6456.5
038
Part
ners
hip
Fu
nd
ing
(59,3
84)
(1
22,6
40)
23,2
47.7
9
216,9
61
84,8
46
61,7
29
1,1
19
265263.5
038
Federa
lB
uild
Canada F
und
(9,2
24)
(9,1
36)
-
-
-
-
-
-
-
-
-
(9,1
36)
F
edera
lP
TIF
-
(1
46,4
61)
(1
89,7
73)
(31,8
90)
(1
,877)
0
-
-
-
-
-
(370,0
00)
R
egio
nal
Federa
l Gas T
ax
(133,3
44)
(61,7
69)
(266,5
95)
(103,1
81)
(40,0
76)
(2
6,4
36)
(2
5,6
98)
(8
6,7
14)
(1
19,3
49)
(59,1
44)
(1
87,6
57)
(976,6
20)
P
rovin
cia
lE
xcl P
TIF
(23,2
61)
(1
8,2
72)
-
-
-
-
-
-
-
-
-
(1
8,2
72)
Pro
vin
cia
lP
TIF
-
(9
6,6
64)
(127,1
86)
(21,0
47)
(1
,239)
-
-
-
-
-
-
(246,1
36)
O
ther
(902)
(1
1,1
13)
(10,9
36)
(1
0,6
09)
(1
0,6
00)
(1
0,6
00)
(1
0,6
00)
(1
0,6
00)
(1
0,6
00)
(1
0,6
00)
(1
0,6
00)
(1
06,8
58)
T
ota
l P
art
ners
hip
Fu
nd
ing
(166,7
31)
(343,4
15)
(5
94,4
91)
(166,7
27)
(53,7
91)
(3
7,0
36)
(3
6,2
98)
(9
7,3
14)
(1
29,9
49)
(69,7
44)
(1
98,2
57)
(1,7
27,0
22)
To
tal
Net
Co
st
313,0
13
308,4
75
346,6
39
307,1
60
160,3
18
128,5
55
115,9
89
194,8
20
108,5
72
100,6
73
120,7
36
1,8
91,9
39
87 2017–2026 INVESTMENT PLAN APPENDIX D
Tab
le 6
A-
Tra
nsit
Serv
ice L
evels
Fin
al P
hase 1
In
vestm
en
t P
lan
Actu
al
Up
da
ted
Bu
dg
et
Co
nve
nti
on
al T
ran
sit
20
16
20
17
20
18
20
19
20
20
20
21
20
22
20
23
20
24
20
25
20
26
(th
ou
sa
nd
s o
f se
rvic
e h
ou
rs)
Co
nve
ntio
na
l B
us
4,2
50
4,3
78
4,5
08
4,5
99
4,7
15
4,7
15
4,7
15
4,7
15
4,7
15
4,7
15
4,7
15
Co
mm
un
ity
Sh
uttle
59
06
18
64
56
45
64
56
45
64
56
45
64
56
45
64
5
We
st V
an
co
uve
r C
on
ve
ntio
na
l B
us
13
21
39
14
21
42
14
21
42
14
21
42
14
21
42
14
2
SkyT
rain
Exp
o a
nd
Mill
en
niu
m L
ine
s1
,12
91
,33
61
,37
31
,43
71
,47
31
,47
31
,47
31
,47
31
,47
31
,47
31
,47
3
SkyT
rain
Ca
na
da
Lin
e1
96
20
42
10
22
42
46
26
02
75
28
62
89
28
92
89
Se
aB
us
11
12
12
13
14
14
14
14
14
14
14
We
st C
oa
st E
xpre
ss
40
38
38
40
42
42
42
42
42
42
42
To
tal C
on
ve
nti
on
al T
ran
sit
6,3
49
6,7
24
6,9
29
7,1
01
7,2
78
7,2
92
7,3
07
7,3
17
7,3
21
7,3
21
7,3
21
Actu
al
Up
da
ted
Bu
dg
et
Cu
sto
m T
ran
sit
Tri
ps
20
16
20
17
20
18
20
19
20
20
20
21
20
22
20
23
20
24
20
25
20
26
(th
ou
sa
nd
s o
f tr
ips)
Ha
nd
yDA
RT
1,0
95
1,1
85
1,2
33
1,2
71
1,2
71
1,2
71
1,2
71
1,2
71
1,2
71
1,2
71
1,2
71
Ta
xi S
up
ple
me
nt
13
21
02
10
21
02
10
21
02
10
21
02
10
21
02
10
2
To
tal C
usto
m T
rip
s1
,22
71
,28
71
,33
51
,37
31
,37
31
,37
31
,37
31
,37
31
,37
31
,37
31
,37
3
88 2017–2026 INVESTMENT PLAN APPENDIX D
Ta
ble
7A
- T
ran
sL
ink
Fin
an
cia
l P
olicie
s &
In
dic
ato
rsU
PD
AT
ED
BA
SE
WIT
H E
CO
NO
MIC
AS
SU
MP
TIO
NS
, L
AN
D,
RID
ER
SH
IP,
FU
EL
ad
j &
min
or
Mo
de
l A
dj, 2
8 C
ar
Ac
(in
mill
ion
s o
f d
olla
rs)
Actu
al
Up
da
ted
Bu
dg
et
for
the
ye
ars
en
din
g 3
1 D
ece
mb
er
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
Clo
sin
g G
ross D
ire
ct
Bo
rro
win
g (
<$
4.0
Bn
)3
,04
03
,21
43
,36
33
,58
23
,66
23
,68
83
,69
03
,85
43
,87
23
,81
73
,63
6
Ne
t D
eb
t (C
losin
g N
et
Bo
rro
win
g)1
3,7
46
3,8
99
4,0
34
4,1
48
4,1
09
4,0
29
3,9
33
3,9
11
3,7
97
3,6
67
3,5
74
Ne
t D
eb
t /
Op
era
tin
g R
eve
nu
es <
30
0%
259%
263%
263%
262%
250%
238%
226%
218%
206%
194%
185%
Gro
ss I
nte
rest
/ O
pe
ratin
g R
eve
nu
es <
20
%12%
12%
12%
12%
13%
13%
13%
13%
13%
13%
12%
Ne
t D
eb
t p
er
ca
pita
4 <
$2
,00
01
,47
41
,51
21
,54
21
,56
41
,52
71
,47
71
,42
21
,39
51
,33
61
,27
41
,22
6
Accu
mu
late
d F
un
din
g R
eso
urc
es (
AF
R)2
333
356
346
350
355
363
386
407
439
486
570
AF
R a
s a
pe
rce
nta
ge
of
To
tal F
un
din
g R
eq
uire
me
nts
324%
24%
23%
22%
21%
21%
22%
23%
24%
26%
30%
1
Inclu
de
s T
ransL
ink's
Dire
ct
De
bt,
net
of
sin
kin
g f
und
s a
nd
deb
t re
serv
e d
ep
osits
2:
AF
R =
Un
restr
icte
d C
ash &
In
vestm
ents
3:
Fu
nd
ing R
equ
ire
me
nts
= T
ota
l E
xp
en
ses (
exclu
din
g D
epre
cia
tio
n a
nd
Ca
pita
l fu
nd
ing t
o M
unic
ipalit
ies)
+ D
ebt
Se
rvic
e c
osts
4:
Inclu
de
s a
ll D
ire
ct
and
In
dire
ct
De
bt
with
la
test
mo
de
l a
dju
stm
en
ts -
Ma
y 2
6 2
01
7
89 2017–2026 INVESTMENT PLAN APPENDIX D
Ta
ble
1B
: C
on
soli
da
ted
Sta
tem
en
t o
f F
ina
nci
al
Po
siti
on
(N
o D
ev
elo
pm
en
t F
ee
)(in
th
ou
sa
nd
s o
f d
olla
rs)
Actu
als
Fo
r th
e y
ea
rs e
nd
ing
31
De
c.
20
16
20
17
20
18
20
19
20
20
20
21
20
22
20
23
20
24
20
25
20
26
Fin
an
cia
l a
ss
ets
Ca
sh
an
d in
ve
stm
en
ts3
33
,35
3
35
6,3
99
34
5,5
14
35
2,8
30
35
9,5
15
36
3,7
79
37
9,5
83
39
4,0
89
41
9,3
19
45
9,4
92
53
7,3
92
Acco
un
ts r
ece
iva
ble
13
3,7
36
13
7,7
48
14
1,8
81
14
6,1
37
15
0,5
21
15
5,0
37
15
9,6
88
16
4,4
78
16
9,4
13
17
4,4
95
17
9,7
30
Lo
an
re
ce
iva
ble
3
25
,31
3
31
0,1
97
25
0,7
34
19
0,0
09
12
7,9
97
64
,67
0
-
-
-
-
-
Re
str
icte
d c
ash
an
d in
ve
stm
en
ts5
04
,29
5
55
9,7
17
62
3,1
10
61
1,8
14
63
7,1
47
71
4,8
68
85
4,5
40
94
3,2
98
1,0
41
,15
4
1,0
16
,20
7
1,1
13
,24
8
De
bt re
se
rve
de
po
sits
35
,04
9
32
,94
4
29
,74
0
28
,37
3
29
,07
3
27
,06
9
24
,56
1
25
,16
9
23
,36
9
22
,00
7
11
,26
8
Fin
an
cia
l A
ss
ets
To
tal
1,3
31
,74
6
1,3
97
,00
6
1,3
90
,97
81
,32
9,1
62
1,3
04
,25
31
,32
5,4
23
1,4
18
,37
11
,52
7,0
35
1,6
53
,25
51
,67
2,2
01
1,8
41
,63
7
Lia
bilit
ies
Acco
un
ts p
aya
ble
an
d a
ccru
ed
lia
bili
ties
(27
0,0
41
)
(27
5,4
42
)
(28
0,9
51
)
(28
6,5
70
)
(29
2,3
01
)
(29
8,1
47
)
(30
4,1
10
)
(31
0,1
92
)
(31
6,3
96
)
(32
2,7
24
)
(32
9,1
78
)
De
bt
(2,3
47
,26
6)
(2,5
68
,00
6)
(2,7
83
,10
7)
(2,9
91
,35
2)
(3,0
10
,72
3)
(3,0
39
,70
4)
(3,0
61
,51
3)
(3,1
69
,22
9)
(3,1
92
,00
2)
(3,0
80
,52
6)
(3,1
19
,56
7)
De
ferr
ed
go
ve
rnm
en
t tr
an
sfe
rs(9
41
,04
6)
(1,0
10
,96
0)
(1,0
97
,93
4)
(1,0
11
,06
1)
(90
2,2
06
)
(79
6,7
34
)
(70
2,4
23
)
(64
4,2
36
)
(61
6,7
71
)
(59
5,4
95
)
(57
7,2
74
)
Go
lde
n E
ars
Brid
ge
co
ntr
acto
r lia
bili
ty(1
,04
9,0
21
)
(1,0
44
,07
6)
(1,0
38
,89
6)
(1,0
31
,86
6)
(1,0
22
,82
0)
(1,0
11
,59
5)
(99
8,0
29
)
(98
1,9
21
)
(96
3,0
64
)
(94
1,2
59
)
(91
6,2
62
)
De
ferr
ed
co
nce
ssio
na
ire
cre
dit
(54
9,0
59
)
(52
5,7
22
)
(50
2,4
49
)
(47
9,1
75
)
(45
5,9
02
)
(43
2,5
65
)
(40
9,2
92
)
(38
6,0
18
)
(36
2,7
45
)
(33
9,4
08
)
(31
6,1
35
)
Em
plo
yee
fu
ture
be
ne
fits
(12
0,1
47
)
(13
1,5
48
)
(14
3,2
33
)
(15
6,1
31
)
(16
9,9
99
)
(18
4,2
71
)
(19
8,8
71
)
(21
3,7
50
)
(22
8,8
10
)
(24
3,6
82
)
(25
8,3
03
)
De
ferr
ed
lea
se
ind
uce
me
nts
(1
2,5
78
)
(12
,33
8)
(11
,51
1)
(10
,68
4)
(9,8
57
)
(9,0
30
)
(8,2
03
)
(7,3
76
)
(6,5
49
)
(5,7
22
)
(4,8
95
)
Lia
bilit
ies
To
tal
(5,2
89
,15
8)
(5,5
68
,09
2)
(5,8
58
,08
0)
(5,9
66
,84
0)
(5,8
63
,80
9)
(5,7
72
,04
6)
(5,6
82
,44
1)
(5,7
12
,72
3)
(5,6
86
,33
6)
(5,5
28
,81
7)
(5,5
21
,61
5)
Ne
t d
eb
t(3
,95
7,4
12
)
(4,1
71
,08
6)
(4,4
67
,10
3)
(4,6
37
,67
7)
(4,5
59
,55
6)
(4,4
46
,62
3)
(4,2
64
,06
9)
(4,1
85
,68
9)
(4,0
33
,08
1)
(3,8
56
,61
6)
(3,6
79
,97
8)
No
n-f
ina
nc
ial a
ss
ets
Ta
ng
ible
ca
pita
l asse
ts4
,86
7,9
96
5,1
31
,42
8
5,6
67
,81
05
,90
6,4
11
5,8
70
,54
65
,77
8,9
89
5,6
10
,55
65
,58
5,6
18
5,5
17
,46
55
,38
6,6
19
5,4
06
,88
5
Su
pp
lies in
ve
nto
ry6
1,8
31
63
,68
6
65
,59
7
67
,56
4
69
,59
1
71
,67
9
73
,82
9
76
,04
4
78
,32
6
80
,67
5
83
,09
6
Pre
pa
id e
xpe
nse
s1
1,6
57
12
,00
7
12
,36
7
12
,73
8
13
,12
0
13
,51
4
13
,91
9
14
,33
7
14
,76
7
15
,21
0
15
,66
6
No
n-F
ina
nc
ial A
ss
ets
To
tal
4,9
41
,48
4
5,2
07
,12
0
5,7
45
,77
45
,98
6,7
13
5,9
53
,25
75
,86
4,1
82
5,6
98
,30
45
,67
5,9
99
5,6
10
,55
75
,48
2,5
05
5,5
05
,64
7
Ac
cu
mu
late
d s
urp
lus
19
84
,07
2
1,0
36
,03
4
1,2
78
,67
1
1,3
49
,03
6
1,3
93
,70
2
1,4
17
,55
8
1,4
34
,23
5
1,4
90
,31
0
1,5
77
,47
6
1,6
25
,88
9
1,8
25
,66
9
1 T
he
Accu
mu
late
d S
urp
lus is d
erive
d u
nd
er
Pu
blic
Se
cto
r A
cco
un
tin
g S
tan
da
rds a
nd
do
es n
ot
rep
rese
nt
ca
sh
ava
ilab
le.
A la
rge
drive
r o
f th
e in
cre
ase
in
accu
mu
late
d s
urp
lus is d
ue
to
re
ve
nu
e f
rom
go
ve
rnm
en
t tr
an
sfe
rs f
or
fun
din
g
ca
pita
l in
ve
stm
en
ts.
Th
e r
ela
ted
am
ort
iza
tio
n e
xp
en
se
, w
hic
h is b
ase
d o
n t
he
use
ful lif
e o
f th
e a
sse
t, w
ill o
ffse
t th
is in
cre
ase
in
go
ve
rnm
en
t tr
an
sfe
rs r
eve
nu
e o
ve
r tim
e.
90 2017–2026 INVESTMENT PLAN APPENDIX D
Ta
ble
2B
: C
on
soli
da
ted
Sta
tem
en
t o
f O
pe
rati
on
s (N
o D
ev
elo
pm
en
t F
ee
)(in tho
usa
nd
s o
f do
llars
)U
pd
ate
d
Actu
al
Fore
ca
st
Fore
ca
st
Fore
ca
st
Outlo
ok
Outlo
ok
Outlo
ok
20
16
20
17
20
18
20
19
20
20
20
21
20
22
20
23
20
24
20
25
20
26
Revenue
Taxa
tion
82
5,6
70
83
6,3
42
85
4,8
01
87
3,5
70
89
2,2
01
91
1,5
71
93
1,6
98
95
2,6
31
97
4,3
93
99
7,0
32
1,0
20,5
83
Fu
el
tax
39
5,7
31
38
7,8
78
38
8,4
09
38
8,9
86
38
9,5
68
39
0,1
56
39
0,7
50
39
1,3
50
39
1,9
55
39
2,5
67
39
3,1
85
Pro
pe
rty
ta
x32
4,4
96
33
9,3
32
35
5,8
82
37
2,6
78
38
9,3
23
40
6,6
83
42
4,7
90
44
3,6
76
46
3,3
74
48
3,9
22
50
5,3
54
Pa
rkin
g s
ale
s ta
x67
,03
3
70
,38
7
71
,44
3
72
,51
5
73
,60
2
74
,70
6
75
,82
7
76
,96
4
78
,11
9
79
,29
1
80
,48
0
Hy
dro
le
vy
20
,45
0
20
,74
5
21
,06
7
21
,39
1
21
,70
8
22
,02
5
22
,33
1
22
,64
1
22
,94
5
23
,25
2
23
,56
4
Re
pla
cem
en
t ta
x17
,96
1
18
,00
0
18
,00
0
18
,00
0
18
,00
0
18
,00
0
18
,00
0
18
,00
0
18
,00
0
18
,00
0
18
,00
0
De
ve
lop
me
nt
fee
-
-
-
-
-
-
-
-
-
-
-
Tra
nsit
54
1,5
89
56
5,9
06
59
4,6
17
62
0,9
41
64
7,1
46
66
9,0
99
69
2,0
47
71
3,8
66
73
6,4
70
75
7,5
52
77
8,8
37
Fare
s52
2,2
85
54
5,5
54
57
3,8
66
59
9,7
83
62
5,5
73
64
7,1
01
66
9,6
18
69
0,9
97
71
3,1
51
73
3,7
75
75
4,5
93
Oth
er
tran
sit
19
,30
4
20
,35
2
20
,75
1
21
,15
8
21
,57
3
21
,99
8
22
,42
9
22
,86
9
23
,31
9
23
,77
7
24
,24
4
Govern
ment tr
ansfe
rs24
0,5
33
15
9,4
68
39
0,9
54
24
4,1
21
17
4,6
27
15
7,8
76
14
6,6
21
17
2,3
18
17
5,1
04
10
9,0
72
23
4,9
08
Gold
en E
ars
Bridge tolli
ng
52
,11
6
55
,74
4
57
,86
6
60
,07
2
62
,36
6
64
,75
1
67
,23
1
69
,81
0
72
,49
2
75
,28
1
78
,18
1
Investm
ent in
com
e40
,56
7
48
,28
8
48
,09
8
46
,43
3
50
,60
5
56
,64
8
59
,51
4
63
,36
7
70
,82
5
74
,71
0
77
,76
9
Am
ort
izatio
n o
f de
ferr
ed
concessio
naire c
red
it23
,33
7
23
,33
7
23
,27
3
23
,27
3
23
,27
3
23
,33
7
23
,27
3
23
,27
3
23
,27
3
23
,33
7
23
,27
3
Mis
cella
neo
us r
evenue
6,3
51
5,4
64
5,3
96
5,4
79
5,3
77
5,4
01
5,5
02
5,6
04
5,6
79
5,7
85
5,8
93
Su
b T
ota
l C
on
tin
uin
g O
pera
tio
ns R
ev
en
ue
1,7
30,1
62
1,6
94,5
49
1,9
75,0
06
1,8
73,8
90
1,8
55,5
96
1,8
88,6
84
1,9
25,8
86
2,0
00,8
69
2,0
58,2
37
2,0
42,7
69
2,2
19,4
45
Gain
on d
isposa
l42
2,1
83
(32
3)
-
-
-
-
-
-
-
-
-
To
tal R
ev
en
ue (
PS
AB
)2,1
52,3
45
1,6
94,2
27
1,9
75,0
06
1,8
73,8
90
1,8
55,5
96
1,8
88,6
84
1,9
25,8
86
2,0
00,8
69
2,0
58,2
37
2,0
42,7
69
2,2
19,4
45
Expenditu
res
Bus d
ivis
ion
65
6,5
40
69
1,2
90
72
1,9
24
74
7,1
48
77
4,5
21
79
5,7
81
81
6,8
87
83
6,7
84
85
6,9
90
87
5,5
99
89
4,1
15
Corp
ora
te
73
,27
7
10
1,1
58
98
,49
9
98
,10
4
97
,38
7
99
,39
5
10
1,3
34
10
3,4
24
10
5,4
41
10
7,6
15
10
9,7
15
Rail
div
isio
n26
5,9
41
30
0,0
10
30
8,4
39
32
3,7
30
33
4,9
10
34
3,4
41
35
0,2
61
35
6,9
13
36
2,2
93
36
7,3
61
37
4,7
52
Roa
ds a
nd b
ridges
52
,45
5
11
6,7
86
14
4,2
16
13
3,4
40
80
,26
0
81
,75
2
82
,44
2
84
,06
5
85
,95
3
87
,95
2
89
,67
5
Tra
nsit
Polic
e33
,75
8
36
,92
2
37
,45
8
38
,14
7
38
,91
0
39
,68
8
40
,48
2
41
,29
2
42
,11
7
42
,96
0
43
,81
9
Am
ort
izatio
n o
f ta
ngib
le c
apita
l asse
ts*
18
1,6
63
20
0,4
42
23
2,0
48
26
5,2
07
27
8,0
02
28
5,7
51
29
3,4
70
28
9,0
45
27
7,6
15
27
1,0
69
26
7,6
86
Inte
rest*
17
2,7
05
17
6,3
67
18
7,1
27
19
6,4
17
20
6,9
41
21
6,9
43
22
3,2
58
23
3,2
71
24
0,6
62
23
9,7
26
23
8,8
28
Su
b T
ota
l C
on
tin
uin
g O
pera
tio
ns E
xp
en
dit
ure
s1,4
36,3
40
1,6
22,9
75
1,7
29,7
11
1,8
02,1
93
1,8
10,9
30
1,8
62,7
52
1,9
08,1
34
1,9
44,7
94
1,9
71,0
71
1,9
92,2
82
2,0
18,5
89
Corp
ora
te -
onetim
e e
xpenditu
res
47
,60
9
19
,29
0
2,6
58
1,3
33
-
2,0
75
1,0
75
-
-
2,0
75
1,0
75
To
tal E
xp
en
dit
ure
s (
PS
AB
)1,4
83,9
49
1,6
42,2
65
1,7
32,3
69
1,8
03,5
26
1,8
10,9
30
1,8
64,8
27
1,9
09,2
09
1,9
44,7
94
1,9
71,0
71
1,9
94,3
57
2,0
19,6
64
Su
rplu
s (
Defi
cit
) fo
r th
e p
eri
od
(P
SA
B)
66
8,3
96
51
,96
2
24
2,6
37
70
,36
5
44
,66
6
23
,85
7
16
,67
6
56
,07
6
87
,16
6
48
,41
3
19
9,7
80
Acc
um
ula
ted
Su
rplu
s1, b
eg
inn
ing
of
the y
ear
31
5,6
76
98
4,0
72
1,0
36,0
34
1,2
78,6
71
1,3
49,0
36
1,3
93,7
02
1,4
17,5
58
1,4
34,2
35
1,4
90,3
10
1,5
77,4
76
1,6
25,8
89
Acc
um
ula
ted
Su
rplu
s1, en
d o
f th
e y
ear
98
4,0
72
1,0
36,0
34
1,2
78,6
71
1,3
49,0
36
1,3
93,7
02
1,4
17,5
58
1,4
34,2
35
1,4
90,3
10
1,5
77,4
76
1,6
25,8
89
1,8
25,6
69
1 T
he
Acc
um
ula
ted
Su
rplu
s is
de
rive
d u
nd
er
Pu
bli
c S
ect
or
Acc
ou
nti
ng
Sta
nd
ard
s a
nd
do
es
no
t re
pre
sen
t ca
sh a
va
ila
ble
. A
la
rge
dri
ve
r o
f th
e i
ncr
ea
se i
n a
ccu
mu
late
d s
urp
lus
is d
ue
to
re
ve
nu
e f
rom
go
ve
rnm
en
t tr
an
sfe
rs f
or
fun
din
g
cap
ita
l in
ve
stm
en
ts.
Th
e r
ela
ted
am
ort
iza
tio
n e
xp
en
se,
wh
ich
is
ba
sed
on
th
e u
sefu
l li
fe o
f th
e a
sse
t, w
ill
off
set
this
in
cre
ase
in
go
ve
rnm
en
t tr
an
sfe
rs r
eve
nu
e o
ve
r ti
me
91 2017–2026 INVESTMENT PLAN APPENDIX D
Ta
ble
3B
: C
on
soli
da
ted
Sta
tem
en
t o
f C
ash
Flo
ws
(No
De
ve
lop
me
nt
Fe
e)
(in
th
ou
sa
nd
s o
f d
olla
rs)
UP
DA
TE
D B
AS
E W
ITH
EC
ON
OM
IC A
SS
UM
PT
ION
S,
LAN
D,
RID
ER
SH
IP,
FU
EL
ad
j &
min
or
Mo
de
l A
dj,
28
Ca
r A
cce
lera
ted
Actu
al
Fo
reca
st
Fo
reca
st
Fo
reca
st
Fo
reca
st
Ou
tlo
ok
Ou
tlo
ok
Ou
tlo
ok
Ou
tlo
ok
Ou
tlo
ok
Fo
r th
e y
ea
rs e
nd
ing
31
De
c.
20
16
20
17
20
18
20
19
20
20
20
21
20
22
20
23
20
24
20
25
20
26
Cash
pro
vid
ed
by (
used
fo
r):
Op
era
tin
g t
ran
sacti
on
s:
Su
rplu
s f
or
the y
ear
668,3
96
51,9
62
242,6
37
70,3
65
44,6
66
23,8
57
16,6
76
56,0
76
87,1
66
48,4
13
199,7
80
Non-c
ash c
hanges t
o o
pera
tions:
Am
ort
izatio
n o
f capita
l assets
181,6
63
200,4
42
232,0
48
265,2
07
278,0
02
285,7
51
293,4
70
289,0
45
277,6
15
271,0
69
267,6
86
Am
ort
izatio
n o
f bond is
sue c
osts
576
(3
4)
(1
00)
(2
79)
(261)
(613)
(634)
(646)
(5
77)
(7
36)
(7
86)
A
mort
izatio
n o
f debt
issue c
osts
193
-
-
-
-
-
-
-
-
-
-
Am
ort
izatio
n o
f D
efe
rred C
oncessio
naire c
redits
(23,3
37)
(23,3
37)
(23,2
73)
(2
3,2
73)
(23,2
73)
(23,3
37)
(23,2
73)
(23,2
73)
(2
3,2
73)
(2
3,3
37)
(2
3,2
73)
A
mort
izatio
n o
f defe
rred g
overn
ment
transfe
rs(1
96,9
45)
(1
40,2
41)
(3
71,7
27)
(224,8
94)
(1
55,4
00)
(1
38,6
49)
(1
27,3
94)
(1
53,0
91)
(155,8
77)
(89,8
45)
(2
15,6
81)
Govern
ment
transfe
rs r
evenue -
asset
receiv
ed
(23,2
61)
Write
-dow
n o
f capita
l assets
/defe
rred le
ase in
ducem
ents
(221)
(1
80)
(827)
(8
27)
(827)
(827)
(827)
(827)
(8
27)
(8
27)
(8
27)
G
ain
on d
isposal o
f R
eal E
sta
te(4
22,1
83)
323
-
-
-
-
-
-
-
-
-
Net
change in
contr
acto
r lia
bili
ty-
66,6
33
67,8
38
67,4
47
66,9
31
66,2
79
65,4
80
64,5
24
63,3
95
62,0
83
60,5
71
Loan R
eceiv
able
s in
tere
st
- tr
ansfe
r fr
om
restr
icte
d f
und
-
(6,8
84)
(6
,536)
(5,2
75)
(3
,988)
(2
,673)
(1
,330)
-
-
-
-
N
on
-cash
ch
an
ge
s t
o o
pe
rati
on
s(4
83,5
16)
96,7
22
(102,5
78)
78,1
05
161,1
84
185,9
31
205,4
91
175,7
32
160,4
55
218,4
07
87,6
90
Ch
an
ge
s i
n n
on
-cash
op
era
tin
g w
ork
ing
cap
ital
(338,2
98)
10,5
25
10,7
91
11,9
22
12,8
06
13,1
20
13,3
56
13,5
38
13,6
18
13,3
25
12,9
64
(153,4
17)
159,2
09
150,8
50
160,3
92
218,6
56
222,9
08
235,5
23
245,3
45
261,2
39
280,1
45
300,4
34
Cap
ital
tran
sacti
on
s:
Net
Pro
ceed/(
Purc
hase)
for
Real E
sta
te T
ransactio
ns
432,9
24
(323)
46,5
51
131,4
49
56,0
00
56,0
00
-
-
-
-
-
Purc
hase o
f capita
l assets
(exc
ludin
g M
RN
)(4
21,8
86)
(4
63,8
73)
(7
68,4
31)
(503,8
08)
(2
42,1
37)
(1
94,1
94)
(1
25,0
36)
(2
64,1
07)
(209,4
61)
(140,2
24)
(287,9
52)
11,0
38
(4
64,1
96)
(7
21,8
80)
(372,3
59)
(1
86,1
37)
(1
38,1
94)
(1
25,0
36)
(2
64,1
07)
(209,4
61)
(140,2
24)
(287,9
52)
Investi
ng
tra
nsacti
on
s:
(Incre
ase)/
decre
ase in
Self-
adm
inis
tere
d s
inki
ng f
und
-
(41,9
55)
(54,3
23)
(6
5,2
29)
(26,0
54)
(77,5
53)
(84,0
93)
(90,5
69)
(9
8,7
93)
24,3
73
(9
7,2
39)
(I
ncre
ase)/
decre
ase in
Cash-
restr
icte
d I
ntr
a(3
,286)
10,0
00
10,0
00
10,0
00
10,0
00
10,0
00
10,0
00
10,0
00
10,0
00
10,0
00
10,0
00
D
ecre
ase/(
incre
ase)
in d
ebt
reserv
e f
und d
eposits
1,3
58
2,1
05
3,2
05
1,3
67
(7
00)
2,0
04
2,5
08
(6
08)
1,8
00
1,3
62
10,7
39
(1,9
28)
(2
9,8
50)
(41,1
18)
(5
3,8
62)
(16,7
54)
(65,5
49)
(71,5
85)
(81,1
77)
(8
6,9
93)
35,7
35
(7
6,4
99)
Fin
an
cin
g t
ran
sacti
on
s:
Short
-term
borr
ow
ing
120,0
00
-
-
-
-
-
-
-
-
-
-
B
onds is
sued
150,0
00
313,3
60
304,3
32
295,1
15
160,3
02
127,8
22
114,9
87
193,5
35
106,9
91
98,7
82
118,5
21
Pre
miu
m o
n f
inancin
g24,0
21
S
inki
ng F
unds M
atu
ritie
s129,5
35
138,8
00
50,0
00
-
66,2
00
80,0
00
-
65,0
00
-
280,0
00
Sin
king F
und in
tere
st
(29,9
15)
(29,8
20)
(27,9
81)
(2
4,6
46)
(24,9
81)
(27,5
13)
(26,8
43)
(25,3
31)
(2
7,6
02)
(2
6,7
17)
(2
8,9
18)
S
inki
ng F
und p
aym
ents
(63,3
41)
(53,2
66)
(44,0
12)
(3
6,3
57)
(34,7
00)
(34,7
00)
(32,6
98)
(30,2
78)
(3
0,2
78)
(2
8,3
13)
(2
8,3
13)
G
old
en E
ars
Bridge c
ontr
acto
r lia
bili
ty p
aym
ent
(Receip
t fo
r E
qu
ity)
(1,8
92)
(7
1,5
78)
(73,0
18)
(7
4,4
77)
(75,9
77)
(77,5
04)
(79,0
46)
(80,6
32)
(8
2,2
52)
(8
3,8
88)
(8
5,5
68)
G
overn
ment
transfe
rs r
eceiv
ed f
or
capita
l additi
ons
6,9
25
208,2
30
456,3
68
135,0
71
41,9
53
26,4
36
25,6
98
86,7
14
119,3
49
59,1
44
187,6
57
Short
-term
debt
repaym
ents
-
(7,0
94)
(1
4,6
72)
(2
3,0
58)
(28,3
96)
(33,3
56)
(30,2
76)
(26,7
67)
(2
2,8
93)
(2
1,5
50)
(2
1,4
63)
B
onds m
atu
red
-
(131,9
40)
(1
41,2
66)
(52,5
29)
(52,5
93)
(68,8
59)
(82,7
27)
(2,7
97)
(67,8
68)
(1
32,9
41)
(280,0
00)
Paym
ents
receiv
ed f
or
Land R
eserv
e n
et
to u
nre
str
icte
d-
457
2,7
12
4,0
26
5,3
13
6,5
73
7,8
07
-
-
-
-
205,7
98
357,8
83
601,2
63
273,1
45
(9
,079)
(1
4,9
01)
(23,0
98)
114,4
45
60,4
46
(1
35,4
83)
141,9
16
Incre
ase/(
decre
ase)
in c
ash
61,4
91
23,0
46
(10,8
85)
7,3
16
6,6
85
4,2
64
15,8
04
14,5
06
25,2
30
40,1
73
77,8
99
Cash
, b
eg
inn
ing
of
peri
od
271,8
62
333,3
53
356,3
99
345,5
14
352,8
30
359,5
15
363,7
79
379,5
83
394,0
89
419,3
19
459,4
92
Cash
, en
d o
f p
eri
od
333,3
53
356,3
99
345,5
14
352,8
30
359,5
15
363,7
79
379,5
83
394,0
89
419,3
19
459,4
92
537,3
92
92 2017–2026 INVESTMENT PLAN APPENDIX D
Ta
ble
4B
- P
roje
cte
d B
orr
ow
ing
Co
mp
are
d t
o B
orr
ow
ing
Lim
it a
nd
Se
lec
t F
ina
nc
ial R
ati
os
(N
o D
eve
lop
me
nt
Fe
e)
(in m
illio
ns o
f dolla
rs)
Actu
al
Fore
cast
Fore
cast
Fore
cast
Fore
cast
Outlook
Outlook
Outlook
Outlook
Outlook
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
Openin
g G
ross D
irect
Borr
ow
ing
2,8
27
3,0
40
3,2
14
3,3
63
3,5
82
3,6
61
3,6
86
3,6
87
3,8
51
3,8
66
3,8
10
A
dju
stm
ents
-
-
-
-
-
-
-
-
-
-
-
Retir
em
ents
/Oth
er
(81)
(139)
(1
56)
(76)
(8
1)
(1
03)
(114)
(30)
(9
1)
(1
55)
(302)
Short
term
borr
ow
ing
s120
-
-
-
-
-
-
-
-
-
-
B
orr
ow
ing
in Y
r -
Capita
l174
313
304
295
160
128
115
194
107
99
119
C
losin
g G
ross D
irect
Borr
ow
ing
3,0
40
3,2
14
3,3
63
3,5
82
3,6
61
3,6
86
3,6
87
3,8
51
3,8
66
3,8
10
3,6
26
Less:
Sin
kin
g f
unds
(857)
(8
53)
(8
40)
(917)
(1,0
02)
(1
,076)
(1
,139)
(1
,286)
(1
,377)
(1
,408)
(1
,282)
Less:
Debt
Reserv
e F
unds
(35)
(33)
(30)
(2
8)
(2
9)
(2
7)
(2
5)
(2
5)
(2
3)
(2
2)
(1
1)
C
losin
g N
et
Direct
Borr
ow
ing
2,1
48
2,3
29
2,4
93
2,6
37
2,6
30
2,5
83
2,5
23
2,5
40
2,4
66
2,3
80
2,3
32
D
efe
rred C
oncessio
naire c
redits
549
526
502
479
456
433
409
386
363
339
316
G
old
en E
ars
Bridg
e c
ontr
acto
r lia
bili
ty1,0
49
1,0
44
1,0
39
1,0
32
1,0
23
1,0
12
998
982
963
941
916
C
losin
g N
et
Borr
ow
ing
3,7
46
3,8
99
4,0
34
4,1
48
4,1
08
4,0
27
3,9
31
3,9
08
3,7
92
3,6
61
3,5
65
Esta
bli
sh
ed
Bo
rro
win
g L
imit
- G
ross D
irect
Deb
t3,5
00
4,0
00
4,0
00
4,0
00
4,0
00
4,0
00
4,0
00
4,0
00
4,0
00
4,0
00
4,0
00
Reco
ncil
iati
on
of
Bo
rro
win
g D
uri
ng
Year
to A
nn
ual
Cap
ital
Exp
en
dit
ure
s:
Capita
l Exp
enditu
res (
inclu
din
g M
RN
)146
652
988
605
270
221
151
291
237
169
317
Less:
Sr
Gov't
Contr
ibutio
ns
(2)
(3
32)
(5
84)
(156)
(43)
(2
6)
(2
6)
(8
7)
(1
19)
(59)
(1
88)
Less:
Oth
er
Contr
ibutio
ns
-
(6
)
(100)
(154)
(66)
(6
7)
(1
1)
(1
1)
(1
1)
(1
1)
(1
1)
N
et
Exp
enditu
res
144
313
304
295
160
128
115
194
107
99
119
Add:
Gro
ss-u
p f
or
Debt
Reserv
e F
und
-
-
-
-
-
-
-
-
-
-
-
Net
Borr
ow
ing
am
ount
for
capita
l144
313
304
295
160
128
115
194
107
99
119
93 2017–2026 INVESTMENT PLAN APPENDIX D
Tab
le 5
B:
Cap
ital
Cash
Flo
ws -
Pro
jects
Ap
pro
ved
an
d P
rop
os
ed
(N
o D
evelo
pm
en
t F
ee)
(in thousands o
f dolla
rs)
PA
TT
UL
LO
ON
LY
A
ctu
al
Update
d B
udget
Budget
Fore
cast
Fore
cast
Fore
cast
Outlo
ok
Outlo
ok
Outlo
ok
Outlo
ok
Outlo
ok
2017-2
026
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
To
tal
CA
PIT
AL
Pro
jects
Ap
pro
ved
or
Un
de
rway
450,9
64
345,5
97
285,3
92
43,4
08
-
-
-
-
-
-
-
674,3
97
Bu
sB
us
Equip
ment
-
4,0
13
35,0
22
15,0
00
-
-
-
-
-
-
-
54,0
34
B
us
Facili
ties
-
6,7
57
14,9
80
2,6
50
1,4
00
3,8
00
2,5
55
3,1
55
2,4
50
2,8
55
2,4
51
43,0
52
B
us
Infr
astr
uctu
reE
xchange
-
27,9
06
61,2
12
24,7
91
13,2
04
-
-
-
-
-
-
127,1
13
Bus
Infr
astr
uctu
reT
OH
-
2,3
72
6,4
48
9,0
75
3,7
00
3,7
00
1,2
00
1,2
00
1,2
00
1,2
00
1,2
00
31,2
95
B
us
Infr
astr
uctu
reO
ther
-
1,5
51
1,3
16
-
12,1
27
12,7
16
18,7
32
12,1
03
12,0
90
13,0
70
16,9
09
100,6
14
Bus
Technolo
gy
Applic
atio
ns
-
500
3,7
50
4,0
00
-
-
-
-
-
-
-
8,2
50
B
us
Technolo
gy
-
1,0
79
18
-
-
-
-
-
-
-
-
1,0
97
B
us
Vehic
les
Conventio
nal B
us
Repla
ce
-
-
62,3
81
16,3
43
24,3
89
1,1
41
-
81,7
05
120,3
18
67,5
61
208,9
05
582,7
43
Bus
Vehic
les
Conventio
nal B
us
Exp
ansio
n-
4,7
97
79,7
44
59,4
48
-
-
-
-
-
-
-
143,9
89
Bus
Vehic
les
Com
munity
Shutt
leR
epla
ce
-
-
3,5
34
9,1
73
433
11,8
57
13,0
54
4,5
79
12,6
86
478
13,0
91
68,8
84
B
us
Vehic
les
Com
munity
Shutt
leE
xpansio
n-
-
3,0
60
-
-
-
-
-
-
-
-
3,0
60
B
us
Vehic
les
Custo
mR
epla
ce
-
-
5,7
30
6,2
31
6,3
67
6,4
95
6,6
24
6,7
57
6,8
92
7,0
30
9,5
01
61,6
28
B
us
Vehic
les
Custo
mE
xpansio
n-
-
2,8
51
2,2
37
-
-
-
-
-
-
-
5,0
88
B
us
Vehic
les
Seabus
Exp
ansio
n-
-
-
-
-
-
-
-
-
-
-
-
B
us
Vehic
les
Non-R
evenue
-
827
3,3
81
1,5
70
4,0
60
1,4
70
1,5
40
2,2
10
2,0
90
1,4
20
1,0
40
19,6
08
Su
bto
tal
Bu
s-
49,8
02
283,4
24
150,5
19
65,6
81
41,1
79
43,7
05
111,7
08
157,7
26
93,6
14
253,0
97
1,2
50,4
54
Rail
Rail
Equip
ment
-
14,6
84
48,0
12
14,1
63
21,8
42
16,2
85
6,6
85
-
-
-
-
121,6
71
Rail
Facili
ties
-
2,9
30
25,2
50
2,2
50
1,2
50
1,7
50
2,5
00
2,5
00
-
-
-
38,4
30
R
ail
Infr
astr
uctu
reS
tatio
ns
-
15,8
52
31,9
17
20,6
00
20,4
50
10,0
00
-
-
-
-
-
98,8
19
R
ail
Infr
astr
uctu
reW
ays
ide
-
1,7
16
17,4
34
23,6
50
6,6
97
-
-
-
-
-
-
49,4
98
R
ail
Infr
astr
uctu
reO
ther
-
47,0
27
51,0
92
41,5
00
23,3
33
21,9
80
17,7
66
16,9
54
16,3
30
27,9
30
16,3
30
280,2
42
Rail
Technolo
gy
Applic
atio
ns
-
-
3,2
40
-
-
-
-
-
-
-
-
3,2
40
O
ther
-
1,4
18
10,5
77
606
1,1
00
600
100
600
100
600
100
15,8
02
R
ail
Vehic
les
Non-R
evenue
-
-
905
500
625
-
1,7
80
765
405
-
225
5,2
05
R
ail
Vehic
les
Sky
Tra
inR
epla
ce
-
-
-
4,2
00
10,0
80
19,0
00
28,9
00
107,6
00
16,9
50
-
-
186,7
30
Rail
Vehic
les
Sky
Tra
inE
xpansio
n-
35,3
67
3,6
07
58,8
73
3,7
53
-
-
-
-
-
-
101,6
00
Rail
Vehic
les
Canada L
ine
Exp
ansio
n-
44,0
00
44,0
00
-
-
-
-
-
-
-
-
88,0
00
R
ail
Vehic
les
West
Coast
Exp
ress
Repla
ce
-
-
-
1,5
00
1,5
00
1,5
00
1,5
00
1,5
00
-
-
-
7,5
00
R
ail
Vehic
les
West
Coast
Exp
ress
Exp
ansio
n-
10,5
00
10,5
00
-
-
-
-
-
-
-
-
21,0
00
Su
bto
tal
Rail
-
173,4
95
246,5
35
167,8
42
90,6
30
71,1
15
59,2
31
129,9
19
33,7
85
28,5
30
16,6
55
1,0
17,7
38
Co
rpo
rate
Corp
orEquip
ment
-
1,1
21
3,9
30
-
-
-
-
-
-
-
-
5,0
51
C
orp
orFacili
ties
-
-
150
-
-
-
-
-
-
-
-
150
C
orp
orInfr
astr
uctu
re-
1,6
21
1,6
21
-
5,0
00
5,0
00
5,0
00
5,0
00
-
-
-
23,2
41
C
orp
orTechnolo
gy
Applic
atio
ns
-
8,4
17
6,9
93
5,5
00
4,0
00
4,0
00
-
-
-
-
-
28,9
10
C
orp
orTechnolo
gy
Infr
astr
uctu
re-
4,0
50
4,1
85
-
-
-
-
-
-
-
-
8,2
35
C
orp
orTechnolo
gy
Oth
er
-
-
7,2
00
15,4
00
15,7
00
15,9
00
16,1
00
16,2
00
16,6
00
16,8
00
17,2
00
137,1
00
Corp
orVehic
les
Non-R
evenue
-
601
250
115
115
-
-
280
350
280
-
1,9
91
Su
bto
tal
Co
rpo
rate
-
15,8
10
24,3
28
21,0
15
24,8
15
24,9
00
21,1
00
21,4
80
16,9
50
17,0
80
17,2
00
204,6
78
TL R
oads &
Bridges
TL R
oads
Infr
astr
uctu
reB
ridges
Knig
ht
Str
eet
-
-
1,0
00
5,0
00
5,0
00
-
-
-
-
-
-
11,0
00
T
L R
oads
Infr
astr
uctu
reB
ridges
Patt
ullo
-
-
1,0
00
-
-
-
-
-
-
-
-
1,0
00
T
L R
oads
Infr
astr
uctu
reB
ridges
Oth
er
-
-
2,0
00
-
-
-
-
-
-
-
-
2,0
00
T
L R
oads
Infr
astr
uctu
reB
ikeP
rogra
mT
L O
wned
-
3,2
41
5,3
87
5,6
22
1,2
50
1,0
00
1,0
00
1,0
00
1,0
00
1,0
00
1,0
00
21,5
00
T
L R
oads
Infr
astr
uctu
reW
alk
ing P
rogra
m-
-
-
-
-
-
-
-
-
-
-
-
Su
bto
tal
Ro
ad
s &
Bri
dg
es
-
3,2
41
9,3
87
10,6
22
6,2
50
1,0
00
1,0
00
1,0
00
1,0
00
1,0
00
1,0
00
35,5
00
0
Cap
ital
Gro
ss C
ost
450,9
64
587,9
45
849,0
66
393,4
06
187,3
76
138,1
94
125,0
36
264,1
07
209,4
61
140,2
24
287,9
52
3,1
82,7
67
94 2017–2026 INVESTMENT PLAN APPENDIX D
Tab
le 5
B:
Cap
ital
Cash
Flo
ws -
Pro
jects
Ap
pro
ved
an
d P
rop
os
ed
(N
o D
evelo
pm
en
t F
ee)
(in thousands o
f dolla
rs)
PA
TT
UL
LO
ON
LY
A
ctu
al
Update
d B
udget
Budget
Fore
cast
Fore
cast
Fore
cast
Outlo
ok
Outlo
ok
Outlo
ok
Outlo
ok
Outlo
ok
2017-2
026
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
To
tal
CA
PIT
AL
IN
FR
AS
TR
UC
TU
RE
CO
NT
RIB
UT
ION
SP
roje
cts
Ap
pro
ved
or
Un
de
rway
28,7
80
23,1
12
14,4
59
3,6
67
-
-
-
-
-
-
-
41,2
38
Ro
ad
Netw
ork
Road NIn
frastr
uctu
reB
ICC
S-
10,0
50
18,4
50
18,4
50
1,5
50
1,5
50
1,5
50
1,5
50
1,5
50
1,5
50
1,5
50
57,8
00
R
oad NIn
frastr
uctu
reM
RN
(S
eis
mic
& U
pgra
de)
-
16,5
00
33,0
00
33,0
00
-
-
-
-
-
-
-
82,5
00
R
oad NIn
frastr
uctu
reP
avem
ent
rehab
-
14,2
82
23,1
55
25,1
31
24,7
07
25,1
14
24,6
98
25,1
92
25,9
29
26,7
53
27,2
77
242,2
37
Road NIn
frastr
uctu
reT
ransit
Rela
ted R
oad I
nfr
astr
uctu
re P
rogra
m-
-
3,0
00
-
-
-
-
-
-
-
-
3,0
00
Su
bto
tal
Ro
ad
Netw
ork
-
63,9
44
92,0
64
80,2
48
26,2
57
26,6
64
26,2
48
26,7
42
27,4
79
28,3
03
28,8
27
426,7
75
Op
era
tin
g S
ub
sid
iari
es a
nd
Co
ntr
acto
rs M
ino
r C
ap
ital
-
-
-
-
-
-
-
-
-
-
-
-
Cap
ital
Infr
astr
uctu
re C
on
trib
uti
on
s G
ross C
ost
28,7
80
63,9
44
92,0
64
80,2
48
26,2
57
26,6
64
26,2
48
26,7
42
27,4
79
28,3
03
28,8
27
426,7
75
To
tal
Cap
ital
an
d C
ap
ital
Infr
astr
uctu
re C
on
trib
uti
on
s G
ross C
ost
479,7
44
651,8
89
941,1
30
473,6
54
213,6
33
164,8
58
151,2
84
290,8
49
236,9
40
168,5
26
316,7
79
3,6
09,5
43
60,8
16
124,0
72
80,6
35
(110,4
02)
(54,7
61)
(5
6,0
00)
-
-
-
-
-
-1
6456.5
038
Part
ners
hip
Fu
nd
ing
(59,3
84)
(1
22,6
40)
23,2
47.7
9
216,9
61
84,8
46
61,7
29
1,1
19
265263.5
038
Federa
lB
uild
Canada F
und
(9,2
24)
(9,1
36)
-
-
-
-
-
-
-
-
-
(9,1
36)
F
edera
lP
TIF
-
(1
46,4
61)
(1
89,7
73)
(31,8
90)
(1
,877)
0
-
-
-
-
-
(370,0
00)
R
egio
nal
Federa
l Gas T
ax
(133,3
44)
(61,7
69)
(266,5
95)
(103,1
81)
(40,0
76)
(2
6,4
36)
(2
5,6
98)
(8
6,7
14)
(1
19,3
49)
(59,1
44)
(1
87,6
57)
(976,6
20)
P
rovin
cia
lE
xcl P
TIF
(23,2
61)
(1
8,2
72)
-
-
-
-
-
-
-
-
-
(1
8,2
72)
Pro
vin
cia
lP
TIF
-
(9
6,6
64)
(127,1
86)
(21,0
47)
(1
,239)
-
-
-
-
-
-
(246,1
36)
O
ther
(902)
(1
1,1
13)
(10,9
36)
(1
0,6
09)
(1
0,6
00)
(1
0,6
00)
(1
0,6
00)
(1
0,6
00)
(1
0,6
00)
(1
0,6
00)
(1
0,6
00)
(1
06,8
58)
T
ota
l P
art
ners
hip
Fu
nd
ing
(166,7
31)
(343,4
15)
(5
94,4
90)
(166,7
27)
(53,7
92)
(3
7,0
36)
(3
6,2
98)
(9
7,3
14)
(1
29,9
49)
(69,7
44)
(1
98,2
57)
(1,7
27,0
22)
To
tal
Net
Co
st
313,0
13
308,4
75
346,6
40
306,9
28
159,8
41
127,8
22
114,9
87
193,5
35
106,9
91
98,7
82
118,5
21
1,8
82,5
21
95 2017–2026 INVESTMENT PLAN APPENDIX D
Tab
le 6
B -
Tra
nsit
Serv
ice L
evels
(N
o D
evelo
pm
en
t F
ee)
Actu
al
Co
nve
nti
on
al T
ran
sit
20
16
20
17
20
18
20
19
20
20
20
21
20
22
20
23
20
24
20
25
20
26
(th
ou
sa
nd
s o
f se
rvic
e h
ou
rs)
Co
nve
ntio
na
l B
us
4,2
50
4,3
78
4,5
08
4,5
58
4,6
12
4,6
12
4,6
12
4,6
12
4,6
12
4,6
12
4,6
12
Co
mm
un
ity
Sh
uttle
59
06
18
64
56
45
64
56
45
64
56
45
64
56
45
64
5
We
st V
an
co
uve
r C
on
ve
ntio
na
l B
us
13
21
39
14
21
42
14
21
42
14
21
42
14
21
42
14
2
SkyT
rain
Exp
o a
nd
Mill
en
niu
m L
ine
s1
,12
91
,33
61
,37
31
,41
71
,43
41
,43
41
,43
41
,43
41
,43
41
,43
41
,43
4
SkyT
rain
Ca
na
da
Lin
e1
96
20
42
10
22
42
46
26
02
68
26
82
68
26
82
68
Se
aB
us
11
12
12
13
14
14
14
14
14
14
14
We
st C
oa
st E
xpre
ss
40
38
38
40
42
42
42
42
42
42
42
To
tal C
on
ve
nti
on
al T
ran
sit
6,3
49
6,7
24
6,9
29
7,0
41
7,1
36
7,1
50
7,1
58
7,1
58
7,1
58
7,1
58
7,1
58
Actu
als
Cu
sto
m T
ran
sit
Tri
ps
20
16
20
17
20
18
20
19
20
20
20
21
20
22
20
23
20
24
20
25
20
26
(th
ou
sa
nd
s o
f tr
ips)
Ha
nd
yDA
RT
1,0
95
1,1
85
1,2
33
1,2
33
1,2
33
1,2
33
1,2
33
1,2
33
1,2
33
1,2
33
1,2
33
Ta
xi S
up
ple
me
nt
13
21
02
10
21
02
10
21
02
10
21
02
10
21
02
10
2
To
tal C
usto
m T
rip
s1
,22
71
,28
71
,33
51
,33
51
,33
51
,33
51
,33
51
,33
51
,33
51
,33
51
,33
5
96 2017–2026 INVESTMENT PLAN APPENDIX D
Ta
ble
7B
- T
ran
sL
ink
Fin
an
cia
l P
olicie
s &
In
dic
ato
rs (
No
De
velo
pm
en
t F
ee)
(in
mill
ion
s o
f d
olla
rs)
Actu
al
Up
da
ted
Bu
dg
et
for
the
ye
ars
en
din
g 3
1 D
ece
mb
er
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
Clo
sin
g G
ross D
ire
ct
Bo
rro
win
g (
<$
4.0
Bn
)3
,04
03
,21
43
,36
33
,58
23
,66
13
,68
63
,68
73
,85
13
,86
63
,81
03
,62
6
Ne
t D
eb
t (C
losin
g N
et
Bo
rro
win
g)1
3,7
46
3,8
99
4,0
34
4,1
48
4,1
08
4,0
27
3,9
31
3,9
08
3,7
92
3,6
61
3,5
65
Ne
t D
eb
t /
Op
era
tin
g R
eve
nu
es <
30
0%
259%
263%
263%
263%
253%
241%
229%
222%
210%
197%
187%
Gro
ss I
nte
rest
/ O
pe
ratin
g R
eve
nu
es <
20
%12%
12%
12%
12%
13%
13%
13%
13%
13%
13%
13%
Ne
t D
eb
t p
er
ca
pita
4 <
$2
,00
01
,47
41
,51
21
,54
21
,56
41
,52
71
,47
61
,42
11
,39
41
,33
51
,27
21
,22
3
Accu
mu
late
d F
un
din
g R
eso
urc
es (
AF
R)2
333
356
346
353
360
364
380
394
419
459
537
AF
R a
s a
pe
rce
nta
ge
of
To
tal F
un
din
g R
eq
uire
me
nts
324%
24%
23%
22%
22%
21%
22%
22%
23%
25%
29%
1
Inclu
de
s T
ransL
ink's
Dire
ct
De
bt,
net
of
sin
kin
g f
und
s a
nd
deb
t re
serv
e d
ep
osits
2:
AF
R =
Un
restr
icte
d C
ash &
In
vestm
ents
3:
Fu
nd
ing R
equ
ire
me
nts
= T
ota
l E
xp
en
ses (
exclu
din
g D
epre
cia
tio
n a
nd
Ca
pita
l fu
nd
ing t
o M
unic
ipalit
ies)
+ D
ebt
Se
rvic
e c
osts
4:
Inclu
de
s a
ll D
ire
ct
and
In
dire
ct
De
bt
with
la
test
mo
de
l a
dju
stm
en
ts -
Ma
y 2
6 2
01
7
Public Meeti g of the Ma o s’ Cou il o Regio al T a spo tatio Page 40 of 58
AGENDA PACKAGE, April 20, 2018
ANNEX C
Section 223 of South Coast British Columbia Transportation Authority Act
223(1)
The authority may apply to the mayors' council on regional transportation for one or both of the following:
(a) a supplementary fare increase in one or more fiscal years in relation to a revenue transit service;
(b) the assessment of a first-time short term fare for a revenue transit service.
(2) [Repealed 2014-21-35.]
(3) The authority must submit the following records with an application under subsection (1):
(a) the current strategic plan and the current service, capital and operational plans;
(b) a record setting out the parameters and assumptions used in the financial projections of the
authority;
(c) a record setting out the authority's expenditures and revenue in the previous fiscal year;
(d) a record setting out an estimate, for the current fiscal year, of the authority's expenditures and
revenue;
(e) any other record the authority considers relevant to its application;
(f) any other record or information the mayors' council on regional transportation considers relevant
to the application.
(4) If the authority submits an application under subsection (1), the mayors' council on regional transportation
must
(a) promptly publish the application and any other records that the mayors' council on regional
transportation considers appropriate for publication in relation to the application
(i) on the authority's website, and
(ii) in a manner that the mayors' council on regional transportation is satisfied will bring the
application and other records to the attention of the public in the transportation service
region, and
(b) defer deciding on the application for a period of at least 30 days after the application is published
under paragraph (a) in order to allow persons who wish to comment on the application an
opportunity to do so.
(5) Before reaching a decision under this section, the mayors' council on regional transportation may but need not,
in its sole discretion, hold a public hearing on the application, in the manner, at the date, time and location and for
the period the mayors' council on regional transportation, in its sole discretion, may decide.
(6) If a public hearing is held under subsection (5), the mayors' council on regional transportation must
(a) give notice of the public hearing in a manner that the mayors' council on regional transportation is
satisfied will bring the notice to the attention of the public in the transportation service region, or
(b) direct the authority to provide notice of the hearing in the manner, with the information and for
the period required by the mayors' council on regional transportation.
(7) On an application under subsection (1), the mayors' council on regional transportation must endeavour to
decide the application in such a manner as to
(a) maintain the financial sustainability of the authority,
(b) enable the authority to provide the transportation services, pursue the capital projects and meet
the other requirements set out in
(i) its strategic plan, and
(ii) its long term strategy,
(c) encourage the authority to minimize expenses without adversely affecting safety or reducing the
authority's ability to provide the transportation services, pursue the capital projects and meet the
other requirements referred to in paragraph (b) of this subsection, and
(d) keep short term fares as low as is reasonably possible in light of the requirements of paragraphs
(a), (b) and (c).
(8) Despite subsection (5), the mayors' council on regional transportation must reach a decision on an application
under subsection (1) within 90 days after its receipt.
Public Meeti g of the Ma o s’ Cou il o Regio al T a spo tatio Page 41 of 58
AGENDA PACKAGE, April 20, 2018
(9) After considering an application under subsection (1), the mayors' council on regional transportation must
(a) approve the application in relation to any one or more revenue transit services and set out the
date on which the supplementary fare increase or first-time short term fare is to take effect,
(b) reject the application in relation to any one or more revenue transit services, or
(c) approve a supplementary fare increase, or a first-time short term fare, in relation to any one or
more revenue transit services in an amount less than that sought in the application and set out the
date on which the supplementary fare increase or first-time short term fare is to take effect.
(10) Within 15 days after making a decision under subsection (9), the mayors' council on regional transportation
must
(a) prepare a report setting out its decision and the reason for that decision,
(b) provide a copy of the report to the authority, and
(c) publish a copy of the report on the authority's website.
(11) A bylaw increasing or assessing a short term fare does not require approval of the mayors' council on regional
transportation before coming into force, and may be made even though the increased or assessed fare is not
contemplated by the strategic plan, if
(a) the board, after full examination of the capital and operating expenditures of the authority and its
subsidiaries, determines at a meeting that increasing or assessing the short term fare is necessary and
unavoidable in order to meet the debt obligations properly incurred by the authority under section
31, and
(b) the board has passed a resolution by a vote of at least 2/3 of its members voting at the meeting
(i) confirming that the circumstances in paragraph (a) of this subsection exist, and
(ii) declaring that, despite this section, approval of the mayors' council on regional
transportation is not required.
1(1) In this Act:
…
"first-time short term fare" means the short term fare assessed for
(a) a revenue transit service in relation to which no short term fare has been assessed, or
(b) the ability of a class of persons to use a revenue transit service over a particular time-span if no
short term fare has been assessed for that ability over such a time-span,
but does not include
(c) a short term fare assessed for a new revenue transit service if
(i) the new revenue transit service is similar in nature to an existing revenue transit service,
and
(ii) the short term fare assessed for the new revenue transit service is identical to or less
than the short term fare assessed for the existing revenue transit service referred to in
subparagraph (i), or
(d) a short term fare assessed for the ability of a class of persons to use a revenue transit service
over a particular time-span if the short term fare assessed for the ability of that, in the
transportation service region, that
(a) is for the transportation of passengers and goods by any means, except by independent transit
services, and without limiting this, includes
(i) ferries,
(ii) cycling path networks,
(iii) custom transit services,
(iv) bus transportation systems,
(v) rail transportation systems,
(vi) designated projects, and
(vii) the major road network, and
(b) is operated or intended to be operated by the authority or its subsidiaries or contractors;
…
Public Meeti g of the Ma o s’ Cou il o Regio al T a spo tatio Page 42 of 58
AGENDA PACKAGE, April 20, 2018
"revenue transit service" means any transportation service
(a) provided by, or under contract to, the authority or a subsidiary,
(b) for the transportation of people by any means, including, without limitation,
(i) ferries,
(ii) custom transit services,
(iii) bus transportation systems, and
(iv) rail transportation systems, and
(c) in relation to which a short term fare is or may be assessed;
(c) a location in the general vicinity of the intersection of Cordova and Granville Streets in the City
of Vancouver;
…
"short term fare" means a user fee for a revenue transit service, but does not include
(a) a fee charged for a pass that authorizes the holder, for a period of more than 3 days, to use one
or more revenue transit services, or
(b) a toll under section 29 or 29.1;
…
"supplementary fare increase" means an increase in the short term fare that may be assessed in any fiscal year
for a revenue transit service if, after that increase, the short term fare for the revenue transit service will
be greater than the targeted fare applicable to that revenue transit service in that fiscal year;
"targeted fare", in relation to a revenue transit service in a fiscal year, means the short term fare assessed for
that revenue transit service on April 1, 2008, increased, on the first day of each subsequent fiscal year to
and including the first day of the year in question, by 2%, compounded annually;
…
Public Meeti g of the Ma o s’ Cou il o Regio al T a spo tatio Page 43 of 58
AGENDA PACKAGE, April 20, 2018
Public Meeti g of the Ma o s’ Cou il o Regio al T a spo tatio Page 44 of 58
AGENDA PACKAGE, April 20, 2018
Public Meeti g of the Ma o s’ Cou il o Regio al T a spo tatio Page 45 of 58
AGENDA PACKAGE, April 20, 2018
Public Meeti g of the Ma o s’ Cou il o Regio al T a spo tatio Page 46 of 58
AGENDA PACKAGE, April 20, 2018
Public Meeti g of the Ma o s’ Cou il o Regio al T a spo tatio Page 47 of 58
AGENDA PACKAGE, April 20, 2018
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