LRT commitments ignore future operating debts
The proposed operating cost of Surrey LRT is approximately 40% of the cost to provide the South of Fraser’s existing bus network.
Funding still missing for LRT operating costs
IMMEDIATE RELEASE – September 29, 2015 – Surrey, BC Despite the recent commitments to capital funding for the proposed Surrey LRT system, there has been no discussion on how the system’s operating costs will be paid for after it opens. “Any funding commitment to building a transit project means nothing if we don’t know how we’re […]
Surrey Light Rail “Plan B” doesn’t work
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 […]
A P3 doesn’t work for LRT in Surrey
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 […]
LRT opposition in Township of Langley
IMMEDIATE RELEASE – Surrey, BC Better Surrey Rapid Transit is applauding a senior planner from the Township for Langley for raising necessary questions about the proposed Surrey Light Rail Transit project, and asking TransLink to change the current proposal. Rapid Transit questioned by Langley Township planner A TransLink proposal that would use a ground-level light […]
YES for Transit Statement: Light Rail destroying Surrey "YES" vote
IMMEDIATE RELEASE – Surrey, BC Better Surrey Rapid Transit announces its support for a “YES” vote in the transportation plebiscite. A better transit future for Surrey starts with the approval of sustainable funding. As part of efforts to secure a “YES” vote, Better Surrey Rapid Transit is advising “YES” coalition supporters that the promotion of […]
Province removes Light Rail lock-in for Surrey from referendum ballot
We have scored a major victory in the battle for better Surrey transit. The oncoming transit referendum (the Metro Vancouver Transportation & Transit Plebiscite) had been centered on a 10-year-plan crafted by the region’s Mayors, that naturally pushed Light Rail Transit for Surrey and the Langleys. The initial intent was to lock future transit funding […]