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Tyne and Wear Bus Way
Just out of curiosity as I am quite interested in this topic which has been discussed in other Threads my other members who would like to see a Bus Way, But how much do you think it would cost to do a complete Network Overhaul of the current Unreliable and Aging Tyne and Wear Metro, with there being quite a lot factors to take into account.

[*]Replacing 74.5m (46.3 Miles) of Track with Tarmac
[*]Scrapping of Trains and Track along with other Infrastructure.
[*]Modifications of 60 Stations across the Network along with Modifications of the Metro Bridge between Gateshead and Newcastle.
[*]Cost of New Buses.

There probably likely to be even more factors to take into account which I havent yet thought of. So would it be Money well spent, Would it be a Risk in terms of further Council Cuts, Increase in Taxes and other Services etc, Would there be any Benefits from such an Overhaul in the Long Term. 
RE: Tyne and Wear Bus Way
If the busway was to be introduced, would ENCTS passes be accepted on the same terms as local buses, or would pass holders have to pay for the equivalent of a gold card?