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TransLink is seeking federal and provincial emergency relief funding to offset expenses incurred by providing essential transit service in Vancouver, British Columbia, during the COVID-19 pandemic.
TransLink is losing CA$75 million per month due to low ridership levels on its SkyTrain and bus networks, falling fuel tax revenue and fare suspensions on its bus system, agency officials said in a press release.
Without emergency funding, the agency could be forced to cancel rail trips and bus routes, and significantly reduce service levels across its system, officials said.
“On our current trajectory, we will face cashflow issues within weeks,” said TransLink Chief Executive Officer Kevin Desmond. “It’s a dire situation.”
Since mid-March, TransLink’s operating revenue has been cut in half.