Ensuring Long-Term Predictable Public Transit Funding for TransLink with More Than $663 Million Through the Canada Public Transit Fund
January 27, 2025
The Government of Canada and the Province of British Columbia today announced more than $663 million in new funding for TransLink through the Canada Public Transit Fund (CPTF). This investment will provide long-term, predictable funding for TransLink’s operations and maintenance costs, ensuring reliable and affordable public transit services for the people of Metro Vancouver.
“Public transit is essential for our communities and our economy,” said the Honourable Dominic LeBlanc, Minister of Intergovernmental Affairs, Infrastructure and Communities. “This investment will help ensure that TransLink can continue to provide safe, reliable, and affordable transit services for the people of Metro Vancouver for years to come.”
“This funding is a significant step forward in ensuring that TransLink has the resources it needs to deliver on its ambitious plans for the future,” said the Honourable Rob Fleming, Minister of Transportation and Infrastructure. “It will help us to build a more sustainable and connected transportation system for the benefit of all British Columbians.”
The CPTF is a $4 billion federal investment over five years to support public transit projects across Canada. The funding is being used to support a wide range of projects, including new buses and trains, transit infrastructure improvements, and fare subsidies.
The funding for TransLink will be used to support the following projects:
- $300 million for operating and maintenance costs
- $200 million for capital projects, including bus replacements and infrastructure upgrades
- $163 million for fare subsidies
“This funding is a game-changer for TransLink,” said Kevin Desmond, CEO of TransLink. “It will allow us to provide more frequent and reliable service, make our system more accessible, and invest in new infrastructure to meet the needs of our growing region.”
The CPTF is part of the Government of Canada’s Investing in Canada Plan, a $180 billion investment in public infrastructure over 12 years. The plan is designed to create jobs, boost the economy, and improve the quality of life for Canadians.
Contact:
Transport Canada Media Relations 613-991-0737 media@tc.gc.ca
Ensuring long-term predictable public transit funding for TransLink with more than $663 million through the Canada Public Transit Fund
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