Pre-paid public transit fares set to rise in Vancouver
Published Wednesday, March 24, 2010 4:15PM PDT
Rates for monthly transit passes in Vancouver will be hiked by about 11 per cent next month, when all of TransLink's pre-paid fares are set to increase.
Prices for TransLink's FareSaver tickets, monthly transit passes and employer passes will all go up beginning April 1. Single-ride cash fares will not be affected.
Under the new pricing scheme, monthly one-zone passes will increase from $73 to $81, two-zone from $99 to $110, and three-zone from $136 to $151.
For a complete list of price increases, click here.
In a statement, TransLink CEO Ian Jarvis said that the fare increases were meant to cover a $130-million annual increase in revenue required under the current budget.
"Given that our biggest challenge was to preserve the expanded transit service levels, an increase in transit fares was considered a reasonable way to share the cost equitably between everyone contributing toward the additional revenue," Jarvis said.
TransLink predicts that the fare increases will bring in about $18 million per year.