IMMEDIATE RELEASE – Surrey, BC A community transit coalition is calling out the Conservatives and Liberals for dumping millions of dollars of operating debt from an LRT system onto the community with no consultation. SkyTrain for Surrey, a local coalition of transit users calling for an extension of SkyTrain over Light Rail Transit, has previously […]
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 […]
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 […]
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 […]
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 […]
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 […]
