B.C. Premier David Eby says injection of $479-million will keep Metro Vancouver transit system affordable
British Columbia is injecting nearly $500-million into the Metro Vancouver transit system to save it from what officials say is a feared “death spiral” sparked in part by the COVID-19 pandemic.
TransLink CEO Kevin Quinn says losses in ridership revenue because of the pandemic and higher service costs due to inflation and supply chain issues have put unprecedented strains on the company’s finances.
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B.C. Premier David Eby approves $479-million TransLink bailoutMoney to keep fares stable and fund the purchase of electric buses.
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Province steps in with $479M to save B.C.'s TransLink from potential 'death spiral'VANCOUVER — British Columbia is injecting nearly $500 million into the Metro Vancouver transit system to save it from what officials say is a feared 'death spiral' sparked in part by the COVID-19 pandemic.
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