Just as the Toronto Transit Commission increased its fares by 10 cents, GO Transit proposed a fare hike by between 30 and 40 cents starting in the middle of February. This increase will generate an estimated $19.5 million.
Remember the outrage by Toronto transit riders when the Toronto Transit Commission raised the fares by 25 cents and then two months later GO Transit also increased its fares? Well, it could happen again.
During a meeting with the Metrolinx Board, GO Transit will be proposing to increase the cost of an adult single fare starting Feb. 18, 2012. GO officials, though, will be using a “fare by distance” model whereby the more distance you travel the more you pay.
In the report, the increases will look like this: 30-cent increase to current fares between $4.20 and $5.50; a 35-cent raise to current fares between $5.51 and $7.00 and a 40-cent hike to current fares that are more than $7.00.
The provincial transportation agency said the PRESTO card would not be changed, but officials are considering lessening the discount rate on paper monthly passes for adults and students in order for them to switch to the PRESTO card.
“Metrolinx has experienced unprecedented ridership growth, but ridership growth alone will not be sufficient to manage cost escalations and the costs of new initiatives,” said chief financial officer, Robert Sidall, in the report. “Given the provincial fiscal context, Metrolinx must provide a balanced operating plan to ensure the reliability of operation.”
If approved, the hike would generate $19.5 million per year, which GO says will be used towards building new parking spaces, enhance customer service, maintain facilities, increase capacity on its GO transportation units and preserve its equipment.
For more information, you can view the board meeting live at 3:00 p.m. where you can receive live reaction.