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Originally Posted by whatnext
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This money is to fund infrastructure - either new or replacement facilities for example. The Feds help fund infrastructure, not operations. TransLink's projected $600m annual operating shortfall is a separate issue for the province and mayors council to sort out
"TransLink CEO Kevin Quinn said at the announcement at North Vancouver's SeaBus terminal that the infrastructure funding would help keep the current system in "good condition," but other funding woes remain.
"While the capital funding announced today is crucial and needed, I also want to make it clear that it supports already committed projects and it does not solve our operating funding shortfall," Quinn said.
He said the regional transit operator is still facing an annual operational shortfall of $600 million starting next year, and an agreement to address it is still in the works. TransLink said last July that without the funding gap being addressed, all transit services would face "significant cuts."
"I remain hopeful that we can find a way forward to create a sustainable funding solution," Quinn said Monday."
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