2022 Investment Plan

TransLink has a bold vision for the future, but the first thing we need to do is stabilize our finances after pandemic-related ridership and revenue loss, while maintaining the transit system and advancing strategic projects.

What we’re focusing on:

• Making buses more reliable through investments in bus priority infrastructure
• Providing the region’s share to extend Surrey Langley SkyTrain from Fleetwood to Langley
• Advancing our climate commitments, with 462 battery-electric buses
• Making streets safer and transit more reliable by extending our existing active transportation and road cost-sharing programs with municipal partners

How we’re proposing to fund the plan:

We’re taking a conservative approach to limit impacts to affordability on the public. For this plan, we’ll raise $52M through:

• $23M from new commercial revenue, real estate development and carbon credits
• $29M in property tax (approximately $3per avg residential property in 2023)

Transit fares will increase by 2.3% through 2025, which is lower than previously planned. For example, fare rates originally planned for 2023 won’t be reached until 2026 or 2027. From 2025 to 2031 transit fare increases will be limited to 2% annually.

We will continue to monitor ridership, review revenue needs, and work with the Province of British Columbia to develop a sustainable funding strategy prior to the next 2024/2025 Investment Plan.

Read the Discussion Guide to learn more.