Laserfiche WebLink
6.3.C. - Page 18 <br />Scope of Work: <br />The Scope of Work is to complete the Study and Analysis. The Study will review the initial <br />conceptual studies and build upon that foundation. The Study will also identify the <br />characteristics for service, ridership, revenue and costs. The Analysis will seek to understand the <br />economic and social value of a terminal and ferry service to the community. <br />The Study will do the following: <br />-Explore potential near-term and long-term ferry routes <br />-Estimate capital costs and funding sources <br />-Estimate operating costs and funding sources, including fare box revenues <br />-Evaluate implications of WETA route expansions to funding availability for a Redwood <br />City Ferry Service. <br />-Conduct market analysis to quantify: <br />Potential ridership <br />Travel times relative to alternative modes <br />• Potential Fare levels <br />• Estimated fare box revenues <br />-Explore potential last -mile connection services <br />-Identify potential private partnership opportunities <br />The Analysis will do the following: <br />-Evaluate the costs and benefits of ferry service relative to single occupant vehicular driving <br />between destination and origin points. <br />-Identify and quantify local and regional benefits. <br />-Quantify benefits of the terminal as both a transit hub and resource for emergency services. <br />-Quantify years to return on investment. <br />-Assess ferry service and terminal's potential to induce development. <br />During the course of this phase of work, the City will develop a comprehensive public outreach <br />approach to solicit information from residents, businesses and commuters to help inform analysis <br />on ridership, route characteristics, and viability of a new ferry service. <br />Project Schedule: Begin <br />Consultant Selection 09/18 <br />Community Engagement 01/19 <br />Financial Feasibility Study 01/19 <br />and Cost Benefit Analysis <br />REV: 08-31-18 PR <br />San Mateo County Transportation Authority/City of Redwood City <br />Redwood City Ferry Project <br />End <br />11/18 <br />04/19 <br />10/19 <br />Page 13 of 18 14740234.2 <br />