Millennium Line Broadway Extension (MLBE) Project Business Case March 2018 Millennium Line Broadway Extension March 2018 Business Case Page I TABLE OF CONTENTS EXECUTIVE SUMMARY .............................................................................................................................. 4 Recommendation .................................................................................................................................. 4 Current Transit Cannot Meet Demand Along the Broadway Corridor .................................................. 4 Strategic Analysis of Potential Project Alternatives .............................................................................. 5 Proposed Scope of Millennium Line Broadway Extension.................................................................... 6 Benefits of the MLBE for the Province and Region ............................................................................... 6 Procurement Assessment ..................................................................................................................... 7 Project Schedule and Costs .................................................................................................................. 7 Project Funding ..................................................................................................................................... 9 1 INTRODUCTION ................................................................................................................................. 10 1.1 Purpose ..................................................................................................................................... 10 PART A – RATIONALE FOR THE PROJECT ........................................................................................... 12 2 STRATEGIC CONTEXT ..................................................................................................................... 13 2.1 Province of British Columbia ..................................................................................................... 13 2.2 Metro Vancouver Region .......................................................................................................... 15 2.3 TransLink .................................................................................................................................. 17 2.4 Broadway Corridor .................................................................................................................... 19 3 EXISTING CHALLENGES .................................................................................................................. 21 3.1 Limiting Economic Development Potential ............................................................................... 21 3.2 Capacity, Reliability And Travel Times Of Existing Transit Services ........................................ 22 3.3 Existing Gaps and Bottlenecks in Rapid Transit Network ........................................................ 23 3.4 Assist in Achieving Mode Share and Environmental Targets ................................................... 25 4 PROJECT OBJECTIVES AND OUTCOMES ..................................................................................... 26 PART B – DELIVERY OF THE PROJECT ................................................................................................ 27 5 ASSESSMENT OF POTENTIAL PROJECT ALTERNATIVES ......................................................... 28 5.1 Identification and Evaluation of Potential options ..................................................................... 28 5.2 Decision to Phase Rapid Transit Development On Broadway Corridor ................................... 29 5.3 Identification and Evaluation of Potential Project Alternatives ................................................. 31 5.4 Updated Multiple Account Evaluation Summary ...................................................................... 31 5.5 Recommendation ...................................................................................................................... 36 Millennium Line Broadway Extension March 2018 Business Case Page II 6 PHYSICAL ASSET SCOPE ............................................................................................................... 37 6.1 Project Alignment ...................................................................................................................... 38 6.2 Station Scope ............................................................................................................................ 40 6.3 Operation and Maintenance Scope .......................................................................................... 43 6.4 Bus Operating Cost Savings ..................................................................................................... 44 7 PROJECT ASSESSMENT.................................................................................................................. 45 7.1 Capital and Operating Cost Estimate ....................................................................................... 45 7.2 Benefit Cost Analysis ................................................................................................................ 46 7.3 Project Impact ........................................................................................................................... 50 7.4 Sensitivity Analysis ................................................................................................................... 53 7.5 Achievement of Project Objectives ........................................................................................... 53 8 PROJECT STATUS ............................................................................................................................ 54 8.1 Engagement Program ............................................................................................................... 54 8.2 Technical Planning .................................................................................................................... 54 8.3 Environment .............................................................................................................................. 55 PART C – PROCUREMENT OPTIONS ANALYSIS .................................................................................. 56 9 APPROACH ........................................................................................................................................ 56 9.1 Procurement Options Identification ........................................................................................... 56 9.2 Procurement Options Analysis ................................................................................................. 56 10 PROCUREMENT OPTIONS ANALYSIS – DB VERSUS DBF .......................................................... 58 10.1 Multiple Criterion Analysis ........................................................................................................ 58 10.2 Risk Analysis ............................................................................................................................. 59 10.3 Financial Modelling ................................................................................................................... 61 10.4 Value for Money Calculation ..................................................................................................... 66 10.5 Market Sounding ....................................................................................................................... 67 11 RECOMMENDED PROCUREMENT OPTION ................................................................................... 68 PART D – PROCUREMENT PLAN AND FUNDING IMPACT .................................................................. 69 12 PROCUREMENT PLAN ..................................................................................................................... 69 12.1 Recommended Procurement Process ...................................................................................... 69 12.2 Procurement Schedule ............................................................................................................. 69 12.3 Project Governance .................................................................................................................. 70 12.4 Project Delivery ......................................................................................................................... 71 12.5 Communications and Consultation ........................................................................................... 73 12.6 Performance Measurement ...................................................................................................... 73 Millennium Line Broadway Extension March 2018 Business Case Page III 13 FUNDING ............................................................................................................................................ 76 13.1 Project Costs ............................................................................................................................. 76 13.2 Sources of Funding ................................................................................................................... 78 13.3 Project Funding Requirement Summary ................................................................................... 80 PART E – RECOMMENDATION ...............................................................................................................