Translink is considering a plan called ‘road pricing’ to get people out of their cars and on to transit.
As outlined in the Regional Transportation Strategy for 2040, “funding sources should be broadened to include both transportation related sources and general sources – they may include measures such as agency investments, public private partnerships, tolling, tax exempt bonds, and make full use of TransLink’s assets for revenue generation.”
‘Road pricing’ could mean anything from road tolls to congestion charges, to charging money for travelling longer distances.
Get daily National news
The goal of the plan is to reduce traffic congestion at peak times. Translink set a goal in 2008 to reduce car trips to 50 per cent from 73 per cent by 2040.
The company is also looking at fare pricing that will vary based on when people travel. The pricing strategies will go through public consultation.
“Current funding streams will not provide sufficient resources to achieve our 30-year strategy-or even basic operations, and urgently needed improvements and expansion. New and stable revenue sources must be developed that reflect the value created for residents, businesses, and transportation system users,” Translink states in their plan.
Comments
Want to discuss? Please read our Commenting Policy first.