A report from Metrolinx’s Chief Financial Officer is proposing a September fare hike for GO Transit.
The proposal from Robert Siddall will be discussed at this week’s Metrolinx board meeting, which takes place on Wednesday. In the report, staff are recommending a 3% fare increase for single-ticket adult fares greater than $5.65 effective September 2.
“This fare increase is necessary to meet the needs of our growing customer base, expand services and ensure the financial sustainability of the corporation,” states the report. Under the proposal, fares for short-distance strips and PRESTO card fares would remain unchanged.
According to Siddal, the increase will result in $8.5 million of additional revenue, “necessary to support current and planned services.”
Between 2013 and 2016, fares increased by approximately 5% per annum in February of each year, but there was no increase implemented this year.
The change would mean an UP Express trip from Union to Pearson International Airport would cost $12.35, up 35 cents from its current $12 cost.
“Metrolinx transit has three major sources of operating revenue – customer fares, provincial subsidy, and various non-fare revenue initiatives and fees,” concludes the report. “The increase in fares is not expected to have a material impact on ridership and would generate an estimated $8.5 million in additional revenue in 2017-18.”