The details of the provincial subsidy to the UPX have been released. Every rider on the ill-fated executive-express train cost you, dear taxpayer, $52.
That’s $52 after fares and other revenue—in total, each airport traveller cost $84 to move. It would have been much cheaper to shuttle each rider individually in a luxury sedan.
The good news, though, is that that is all over, and ridership is going gangbusters—still climbing fast four months after the fares dropped.
Alas, the train is still losing money. To break even, it needs “about 28,500 riders per day, roughly 3.5 times the current level of demand”—assuming that they don’t cut cut costs.