It depends on the route. On Sept. 17,
2013, Hampton Roads Transit presented to the City Council cost and ridership estimates for extending The Ride light rail into Virginia Beach.
The study includes two cost estimates – one for each option. Costs are in 2018 dollars:
• Newtown Road to Rosemont Road -- $440 million
• Newtown Road to the Oceanfront via the Norfolk Southern right of way -- $1.0 billion
There is a third alternative – Newtown Road to the Oceanfront via Hilltop/Laskin Road. The estimated cost of this option will be available in November 2013.
One word of caution: The cost estimates WILL change, depending on many factors that have not yet been decided. As of September 2013, only 3% to 7% of the design is complete.
Construction costs would be divided roughly in this proportion:
• Federal government – 50%
• State government – 25%
• City government – 25%
That could vary, depending on exactly how the line is designed and built.