$30 million per year represents just 0.0004% of the budgeted expenses ($68.7 billion) for the Government of Alberta for 2023-2024.
$30 million per year represents just 1% of the Ministry of Transportation and Economic Corridors operating budget for 2023-2024 or just 1.6% of the transportation capital budget for 2023-2024.
$30 million represents just 5.9% of the costs of the Government of Alberta’s municipal transit grant programs for 2023-2024.
For context, $30 million also represents only 6.7% of the Calgary Transit Service 2023 operating budget or 6.9% of the Calgary Transit capital budget for 2023.
The proposed CIB financing represents cost saving of $29 million per year compared to GoA financing (differential to GoA cost of borrowing); the overall P3 solution saves 75% compared to government delivery (difference between CPCS government base case and Liricon/Plenary proposal).
Canada Line costs government twice as much as CABR annually and Calgary Green Line forecast to cost nearly seven times as much annually (with the provincial government contribution alone being three times as much as CABR).
The GoA is subsidizing each new passenger on Green Line Stage One by $16 compared with <$2.60 requested for CABR.