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.
Adopted in January 2022, Transport 2050 sets out a vision for the future of transportation in the region, across all modes. Now, we’re building a plan called “Transport 2050: 10-Year Priorities” that sets out what we — as a region— think we should get started on right away. It builds on the 2014 Mayors’ Vision, incorporating remaining investments yet to be implemented, and identifies our top priorities for the first decade of Transport 2050, which will be funded through future Investment Plans.
Convenient, Reliable, Safe & Comfortable Transit
- Take a “bus-first” approach with an historic investment to double local bus service over the next ten years to:
- Reduce wait times
- Lengthen span of service (weekends, late evenings, early mornings)
- Serve new areas, including treaty and reserve lands, disadvantaged communities, and parks and natural areas
- Increase HandyDART service
- Make improvements to SeaBus, SkyTrain, and West Coast Express
- Improve passenger safety and comfort at transit stops, stations and exchanges
Reliable and Fast Transit (RAFT) corridors
- Build 170 km of rapid transit in our region, including:
- Up to 9 Bus Rapid Transit corridors
- Burnaby Mountain Gondola
- Millennium Line UBC Extension
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Work with regional and provincial partners to implement Express corridors in the region, including through the new Massey Tunnel, and to improve bus connections to the Fraser Valley, and along the Sea to Sky corridor
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Additional Major Transit Planning Studies including completing exploratory business case of extending Millennium Line to Port Coquitlam; examining longer term capacity needs of Expo and Canada Lines, new bus depots and SkyTrain operations and maintenance centres, regional/interregional passenger heavy rail, long term needs on 41st/49th Ave, and passenger marine ferries
People-First Streets & Walking, Biking, and Rolling
- A transformation to more people-first streets where active transport is the most convenient choice for short trips
- Provide options that are cost-effective, healthy, and low emission
- Complete up to 75% (450km)of the 2050 Major Bikeway Network
- Complete up to 66% of the 2050 walkway network
- Install new bike lockers, bike parkades, and counters
- Upgrade the BC Parkway
Read the Discussion Guide to learn more.
