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5d ago

TransLink Secures Funding Plan to Expand Transit and Avoid Cuts Through 2027

The approved investment plan includes tax and fare increases, provincial contributions, and service expansions to address Metro Vancouver's transit needs.

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A Translink bus with a " Sorry Bus Full " sign drives along Kingsway.
A bus is pictured in downtown Vancouver, Friday, November, 1, 2019. THE CANADIAN PRESS/Jonathan Hayward

Overview

  • The TransLink Board and Mayors’ Council approved a multi-year funding plan on April 30, 2025, securing operations through 2027 and averting significant service cuts.
  • Key revenue measures include a $20 property tax increase per median household in 2025, fare hikes starting in July 2026, and a $1.50 increase in the YVR AddFare for airport trips.
  • A one-time $312 million provincial contribution and a commitment to establish a new revenue source by 2027 are critical components of the plan.
  • The plan will expand service on over 50 overcrowded bus routes, add or improve 40 routes, and extend the R2 RapidBus to Metrotown by 2027, while also funding the design of three Bus Rapid Transit corridors.
  • The initiative is expected to halve TransLink’s $600 million annual operating deficit after 2027, addressing structural funding challenges caused by declining gas tax revenues and inflation-driven costs.