The oft-delayed Evergreen Line linking Burnaby to Coquitlam could be delayed yet again due to a lack of funding.
"Based on TransLink's financial situation, we don't have the money to pay for our share of the Evergreen Line," Ken Hardie, TransLink spokesman, said Thursday.
Hardie said the agency needs to generate an additional $450 million annually to pay for the light rail transit line and other projects.
TransLink previously committed $400 million of the estimated $1.4 billion cost to construct the Evergreen Line, which would link Lougheed Town Centre in Burnaby and the Coquitlam Town Centre. The provincial and federal governments have also agreed to chip in money.
Construction of the Evergreen Line was to begin in 2010.
Hardie said TransLink's board is finalizing the draft of a 10-year plan outlining how it hopes to generate additional revenue. The plan could include increases in transit fares and fuel taxes and a transportation improvement fee, Hardie said.
The plan will be forwarded to the Mayors' Council at the end of the month. The council will have until October to approve the plan, he said.
