aquateam
Active Member
An interesting question would be whether the contract with the TTC is fully recovering the cost of adding TTC to the mix, with all the added programming and complexity.
I hear grumblings from some 905 transit types who suspect they may be subsidising an under-recovery of costs associated with the TTC implementation. Considering that the 905 had moved to Presto sooner, and had achieved a stable implementation that didn't require added bells or whistles, it's not clear why they would be asked to pay more. I'm told that the cost to these agencies could end up being greater than the cost of returning to a cash-and-paper-transfer regime.
- Paul
I would expect that even with the additional development overhead for the TTC's requirements, the sheer volume of TTC transactions would dwarf that in the 905 and provide economies of scale and additional revenue that would end up lowering the operating costs. I.e. once Presto is implemented, the TTC will be responsible for about 90% of Presto's revenue and it should be cheaper for the 905.
I'm quite bewildered about why this costs so much, and this gives me questions about the value of these fare cards. Are electronic payments worth the service improvements that hundreds of millions of dollars of fare revenue could pay for? If PRESTO cost anywhere near 15% of TTC fare revenue, I think I'd much rather go back to cash payments.
15% is an extreme amount and it's bizarre that it would cost that much. I thought that an electronic fare medium was supposed to *save* money: no more manufacturing tokens, no more armoured guards, no daily collections of armoured trucks and no more counting nickels and dimes and coins.
Although the way Presto works sound really inefficient to me. Don't they bring the readers to some central processing area every 24 hours instead of having it update in real-time through SMS/wifi/LTE, which is why it takes time to have a balance appear on the card? Basically treating the readers as expensive coin tins.