Total Cost for the Pilot Project Taking into consideration the administration costs, revenue loss and cost of incentivized travel, the net cost for the Pilot Project are estimated to be $247,027 in annual terms as shown on Line D of Exhibit 30. Total cost for a full roll out could be determined based on project design and the number of expected participants. Exhibit 30: Estimated Costs of a Means-Based Fare Pilot (annualized) Category Amount Notes Annualized administration cost for Pilot A. Administration Costs $89,639 Project Annualized revenue loss for Pilot B. Revenue Loss (Annualized) $71,952 Project Additional Trips Induced by Lower Fare C. Incentivized Travel (Annualized) $85,436 *$31 Sum of administration costs, revenue D. Net Project Cost (A+B+C) $247,027 loss and incentivized travel
Total Cost for the Pilot Project Taking into consideration the administration costs, revenue loss and cost of incentivized travel, the net cost for the Pilot Project are estimated to be $247,027 in annual terms as shown on Line D of Exhibit 30. Total cost for a full roll out could be determined based on project design and the number of expected participants. Exhibit 30: Estimated Costs of a Means-Based Fare Pilot (annualized) Category Amount Notes A. Administration Costs $89,639 Annualized administration cost for Pilot Project B. Revenue Loss (Annualized) $71,952 Annualized revenue loss for Pilot Project C. Incentivized Travel (Annualized) $85,436 Additional Trips Induced by Lower Fare *$31 D. Net Project Cost (A+B+C) $247,027 Sum of administration costs, revenue loss and incentivized travel