I did not realise the members had already received the handout.
The city centre is another important area because there are some critical issues to be faced, particularly over the next three to five years. Although we have the Luas and all the rail services coming in from various places, more than 70% of all public transport commuters during the morning peak travel into the city centre by bus. Thus, the bus is the workhorse of public transport at this time, which will not change. We have 100 million customers annually who start or finish their journeys in the city centre or travel through it. These are large numbers. We must improve city centre speeds.
A number of major projects are to take place over the next few years, including the construction of the metro north, which is a very important project, and the rail interconnector linking Heuston Station to the Docklands to give more rail capacity on the various lines. The construction of these projects will be a major issue. We are working with the agencies to develop a plan that will enable continued movement through the city centre. The bus will be the medium for that. We will be dependent on the bus and we must find routes through the city centre with continued bus priority to ensure reliability in terms of journey speeds through the city centre.
Members will see from the hand-out that regarding the 46A route — the graphics do not come up on the screen — there is much publicity about the success of the Stillorgan corridor. It has been very successful. In the late 1990s, across Leeson Street Bridge, approximately 20% of commuters travelled by bus and 80% by car. Now, approximately 55% travel by bus and 45% by car, which indicates the switch that occurs with good priority. We have excellent priority between St. Stephen's Green and Foxrock church and decent priority on to Dún Laoghaire. We can achieve good average speeds of 20 km/h in those areas. The crux is the city centre where average speeds can be as low as 5 km/h, a difficulty we must overcome.
Our view of the way the city centre should be dealt with is that we should have a plan that will give continuous priority to bus services on three different corridors through the central area. That will mean taking some difficult decisions and dealing with issues of access of cars, etc., because we cannot continue the way we are going at present. There is limited street space and demands from various interests to use that street space but if we are to get maximum value for the people of Dublin, we must give priority to the bus and have corridors with continuous priority through the central area.
Regarding the impact of quality bus corridors on commuters, the screen does not show that very well but it is an interesting slide. I refer to nine QBCs, some of which are not the best in terms of average speeds due to many traffic problems, but we have moved from a divide of 60% by car, 40% by bus to almost 60% by bus, 40% by car. The movement is much more significant on the better priority corridors but it indicates that a modal shift from car to bus can be achieved if an excellent service is provided, with good priority, frequency and reliability, so that if people go to wait for a bus they know what time it will arrive or, if they have just missed one, they know they will not be waiting long for another. That is the key. We believe we can increase that figure further, with the programme we have in mind, to close to a divide of 70% by bus, 30% by car on the corridors where there is good priority. That would be a major achievement and it can be done with the implementation of good priorities, higher frequency and more buses.
In terms of cost effectiveness, the capital cost of investing in buses is low compared with the other modes. That must be highlighted. We reckon that the cost of additional buses and bus enhancements, by that I mean priorities, real-time passenger information, etc., will be approximately €80 million a year over the next five years but as the Chairman said, that can be pulled back to front-load it somewhat.
The second point on the cost effectiveness of Dublin Bus, and there has been much publicity about this from time to time, is that the subvention level to Dublin Bus is one of the lowest in Europe. We have a slide that shows a UITP analysis of the subvention level in the various cities. We have highlighted some figures compared with London. London's system is franchised out to a number of private operators. We compared the tender prices this year per kilometre with our cost of operating and we compare favourably. Comparing like with like, we estimate that the cost per customer in London is 53 cent and the cost per customer in Dublin is 48 cent.
The next item — members may wish to refer to the hand-out — shows the level of PSO by city. It is related to a number of issues, including fare levels, etc. Our fare levels in Dublin are not high by any means. We have one of the lowest speeds in Europe in terms of average speeds. That goes against us but we do quite well in terms of cost effectiveness and the level of subsidy that must be paid.
Regarding the key issues that will arise in future years, one of those is to phase in 300 more buses in the next five years. The Chairman said we should try to do it in the next two years. We would be happy to work to fast-track the implementation of additional buses to get more benefit for customers. Continuing to implement the priorities to achieve higher speeds is crucial. We have a good programme in place at this stage. We must continue with that and tackle the difficult areas that will arise. We are planning to achieve a fully accessible fleet by 2012. We are at the stage where two-thirds of our fleet is fully accessible and with the replacement programme those buses that are not accessible will be replaced in the next five years.
It is not included in the slide but we are also improving the levels of emissions from our buses. All our new buses are to Euro 4 standard. The levels of emissions are reduced enormously. The carbon monoxide emissions now are approximately 13% of the emissions on buses 15 or 20 years ago. We are also planning to bring in a hybrid bus and putting it on trial. We expect that will be in operation by the middle of next year.
We are implementing a real-time passenger information system, the first leg of which is to put in an automatic vehicle location system which will be very helpful to us in terms of controlling routes in the difficult environment in which we operate. The follow-on is real-time passenger information. Our target is to have that fully in place by 2010, with real-time information at 1,000 bus stops throughout Dublin city and available on text messaging for all routes.
The system launch for the implementation of integrated ticketing, Smartcard, is targeted for September 2009. We will introduce our interim Smartcard through the first half of next year. We have signed a contract with our supplier, Wayfarer, for the development of the software to enable the fully integrated card and are working closely with the integrated ticketing project board to ensure that is delivered across the city. We are playing our part in that regard.
I have outlined a number of positive developments. In the next few years the integrated ticketing card system should be in place and also the real-time passenger information system. We will have a fully accessible fleet, many more priorities along the key corridors and higher frequency. We will have a strong product for our customers if we work hard on those elements.