The agreement between the Ontario government and Toronto’s local transportation authority, which will be formally announced on Friday, means GO riders transferring to the TTC will get $1.50 off their TTC fare.
Going the other way, TTC riders transferring to GO or UP Express will get $1.50 off their fare.
A spokesman for Toronto Mayor John Tory said the Ontario government has agreed to subsidize co-fares in an effort to make public transit more affordable.
“We have never had an agreement on fares before. This is a good step in the right direction towards SmartTrack. This is the first step in fare integration, not the only step and not the end of the story, but a great beginning,” spokesman Don Peat said in a statement to Global News.
“The TTC’s budget is protected and will not be negatively impacted. Ultimately, this agreement will mean if you ride a mix of the TTC, UP Express and GO to get around Toronto, transit will now be less expensive.”
The current adult fare for the TTC with a Presto card is $3 and the cost to travel on GO Transit varies depending on distance travelled.
Metrolinx, the provincial agency which operates GO Transit, currently has co-fare agreements in place with 12 transit agencies across Ontario.
“I can say co-fares encourage people to take transit and are very popular with commuters,” Metrolinx spokesperson Anne Marie Aikins said.
“We recommended the strategy for TTC to be used for GO & UP last month in our fare integration report to the board.”
Aikins said a quarter of the 300,000 people who use the UP Express every month are commuters traveling between Weston Station and Union Station.
The co-fare discount is expected to take effect by the end of the year.