Collin Barrow Examines the UPX Economics and Long Term Gain for Canadas Prosperity
Summary
From its outset, the UPX was saddled with a need to demonstrate that it can cover its annual operating costs, although this is a rare occurrence for urban rail services.With the exception of certain transit services in Japan, Hong Kong and Taiwan where revenues exceed annual operating costs, all others tend to lose money.Tourism benefits represent another important component of economic development which are rarely quantified and considered in traditional infrastructure evaluations.From its outset, the UPX was saddled with a need to demonstrate that it can cover its annual operating costs, although this is a rare occurrence for urban rail services.With the exception of certain transit services in Japan, Hong Kong and Taiwan where revenues exceed annual operating costs, all others tend to lose money.