Canada Line popular, but will be a money-loser for next 15 years

ED. The real reason transit fares in Vancouver are rising again:

METRO VANCOUVER/CKNW AM980

That recent report from the comptroller general, which took issue with the operations of Translink and BC Ferries, says the new Canada Line is going to lose anywhere from 14 million to 21 million dollars a year until 2025.
The report says the cost of operating the line is expected to exceed the additional revenue it generates until 2025, with costs exceeding incremental revenues by 14 million to 21 million dollars for most years, until that time.
Despite that, Translink says it’s happy with the ridership on the line, which averages more than 80 thousand people a day.
.
TVavatar
Advertisements
Explore posts in the same categories: Canada Line, fares, funding, Translink

%d bloggers like this: