Monroe County Transit: Existing Conditions Analysis

158

SCENARIO PLANNING & COSTS

6.2 Capital Costs Capital costs for transit refer to the expenses associated with the initial investment in the development, expansion, or improvement of public transportation systems. These costs are a critical component in the planning and execution of transit projects, as they have a significant impact on a region’s ability to provide efficient, reliable, and accessible public transportation services. Understanding and managing capital costs is essential for both government agencies and private organizations involved in transit projects. Key components of capital costs to develop the Monroe County transit system include: Infrastructure Development The construction of transit infrastructure is a major capital expense. This encompasses the creation of transit hubs and maintenance facilities. The costs associated with land acquisition, construction materials, labor, and project management all contribute to the overall expense. Vehicle Procurement The Monroe County transit system will require vehicle acquisition. The costs of purchasing or leasing these vehicles, along with associated maintenance facilities, are considered a substantial part of capital costs.

Technology & Equipment Modern transit systems often rely on various technologies, including fare collection systems, passenger information displays, surveillance cameras, and communication systems. These technology and equipment costs can be a significant part of the capital budget. Transit agencies often invest in safety and security improvements, such as surveillance cameras, emergency call systems, and safety barriers, to enhance passenger safety and reduce the risk of accidents and incidents. Accessibility Features Making transit systems accessible to people with disabilities is a critical part of public transportation planning. Capital costs are incurred when implementing features like ramps, elevators, tactile guidance, and other accessibility enhancements. Land Acquisition Transit projects often require land acquisition for new routes, stations, or transit-oriented developments. The purchase of land or property rights can be a substantial part of the capital costs. Regulatory Compliance Compliance with local, state, and federal regulations, as well as environmental impact assessments, can involve expenses related to permitting and legal issues. Safety and Security Enhancements