TransLink is asking the provincial and federal governments for emergency funding to cover mounting losses due to the COVID-19 pandemic.
The transit authority said in a news release on Tuesday that it’s been shedding $75 million per month because of a massive drop in ridership, ever since the province enacted strict measures around physical-distancing to curb the spread of the virus.
Bus, SkyTrain, West Coast Express and SeaBus are essential services, and revenues have dropped by half since mid-March. “We’ve done the best we can to keep essential services operating for those workers who need it, to get to their workplaces, but … on our current trajectory, we will face cashflow issues within weeks,” TransLink CEO Kevin Desmond said. [ Sign up