IMMEDIATE RELEASE – Surrey, BC The City of Surrey has jeopardized its own “Plan B” for Light Rail Transit by neglecting to account for the financial effects of poor ridership and a fare revenue short-fall. A previous joint study commissioned by TransLink and the Province found that the proposed LRT will require an operating subsidy of […]
The Canada Line P3 was a successful P3 because its ridership and fare revenue exceeded projections. The private partner’s capital investment in the project is returned as a profit through the performance payments made during operation. If fare revenue from ridership meets or exceeds the costs, financing proceeds as planned and excess operating revenue is […]
We refuse to acknowledge the results of Surrey’s LRT study as an acceptable case for proposed light rail in Surrey.
IMMEDIATE RELEASE – October 31, 2014 – Surrey, BC A TransLink study has already found a negative transportation business case for LRT, which will contradict any future “P3 business case” for federal project funding. The Surrey Rapid Transit Study, conducted over the past few years, found that the LRT project has a transportation cost-benefit shortfall of […]
IMMEDIATE RELEASE – Surrey, BC Better Surrey Rapid Transit (SkyTrain for Surrey) expresses disappointment in a recent election platform announcement by the Surrey First party in favour of Light Rail Transit (LRT). “LRT would be a giant step backwards for our city,” says Daryl Dela Cruz, a prominent Surrey transportation advocate and the campaign manager […]
