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Metro Vancouver mayors say they want billions of {dollars} over the subsequent few years and a extra dependable funding mannequin from the federal authorities with a purpose to enhance transit.
Port Coquitlam MayorBrad West, chair of the Mayors’ Council, says they’ve agreed on a plan to broaden transit companies to accommodate for inhabitants development and put inexpensive housing inside attain of transit.
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The mayors have submitted a multibillion-dollar want listing to the federal authorities earlier than the spring price range that features $375 million to broaden the bus fleet, $1.4 billion for added bus depot capability, as much as $300 million for speedy transit and thousands and thousands extra in different enhancements.
West says to cut back overcrowding and permit for substantial service growth, they want each federal and provincial funding commitments no later than mid-2024.
The council says in an announcement that TransLink is going through monetary challenges, with companies “basically frozen” at 2019 ranges, whereas the area’s inhabitants has grown by nearly 200,000 since then.
The council can be calling on the federal minister of finance to hitch with them and the province in growing a brand new funding mannequin for Translink, which would come with an annual value bump of at the least 5 per cent to the everlasting transit fund.
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