TransLink gets major funding boost from B.C. government | 24CA News
TransLink is getting some cash from the provincial authorities to assist fund tasks and handle dwindling ridership.
Global News has discovered the group is getting $479 million of finances surplus cash.
It is hoped this can stem any potential layoffs and potential route cuts as ridership continues to creep again as much as pre-pandemic ranges.
Ridership is about 82 per cent of pre-pandemic ranges however income assortment accounts for about 75 per cent.
The funding enhance comes after the TransLink mayors’ council felt ignored of this 12 months’s provincial finances when it got here to funding its 10-year plan, priced round $20 billion.
TransLink had mentioned if there wasn’t further funding within the subsequent two years there could be main cuts to transportation providers.
An official announcement from Premier David Eby is ready for two:15 p.m.
TransLink’s plan consists of doubling buses by 2035, the extension of the millennium line to the University of British Columbia, fast transit to the north shore, and the gondola to Simon Fraser University.
The mayors’ council made a formal request final month to the federal authorities to offer $250 million in extra emergency funds to be matched by the B.C. authorities.
However, the province has concluded it doesn’t anticipate that cash to return from Ottawa so they’re offering $479 million to the group.
© 2023 Global News, a division of Corus Entertainment Inc.
