I find it funny that we consider spending $22 million on getting the railway upgraded to run a train once a day up the Island, while at the same time Greyhound announces cutting services do to losing $14 million on operating the routes on Vancouver Island.
Has anyone ever thought of just letting the rail line sit as it is for future use, instead of upgrading a useless train?
Let’s think about purchasing three medium-sized buses for $100,000 each. This would bring the $22 million down to 21.7 million. Now, invest that money at a interest of three per cent — they should be able to get that amount — for a annual interest of $651,000.
Run the busses three to four times between the city’s of Campbell — Nanaimo — Victoria.
Now, let’s hire four drivers to do that at a annual salary of $50,000 each for a total of $200,000. Pay the commercial insurance for the buses, $100,000 a year.
Let’s put in the fuel cost at $800 a day for a total of $292,000 a year.
Throw in maintenance on the buses of $60,000 a year.
That’s a total cost of total cost of of $652,000 a year — it would break even even if the service would be free.
That would be money well spent and it would also create at least four jobs that are steady.