The Return On the Investment in the Subway of the Interborough Rapid Transit Com
The Return On the Investment in the Subway of the Interborough Rapid Transit Com
Bion J Bion Joseph Arnold
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Sinking Fund on Investment in Permanent Way. Interest on the Investment in Equipment. Depreciation on Equipment. Taxes. All of these items can be reduced by keeping down the original cost of con- struction. Limiting the Investment in Permanent Way. Under New York City conditions, a Subway costs, approximately, three times as much to build as the present elevated roads, and it should handle considerably more traffic than an elevated road of corresponding length. It should therefore be apparent t...hat Subways should be constructed only where there will be sufficient density of traffic to justify such an expensive type of construction. 12 The approximate costs of one mile of single track — exclusive of equipment, pozver plants and electrical conductors, for different kinds of construction in the vicinity of New York City are as follows — Cost per Mile of Single Track. f, A, From Low to High Surface Railway (for overhead trolley) $20, 000 $30, 000 Add for Asphalt paving or $12, 000 Granite Block paving $20, 000 Cost of surface road $32, 000 to $50, 000 Cost of Conduit road, including same allowances for paving $80, 000 to $120, 000 Elevated Railroad $200, 000 to $300, 000 Subway $600, 000 to $900, 000 Tunnel under River ' $1, 200, 000 to $1, 800, 000 These figures, which, as before stated, do not include the cost of car equipment, power station equipment, or transmission system, for the reason that such investment depends upon the car miles operated, indicate that to operate an elevated passenger road and keep the fixed charges per car mile for permanent way within reasonable limits the passenger traffic should be about 3 times that which would justify a surface conduit system.
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