Commuters using their PRESTO cards and transferring between GO Transit or the UP Express and the TTC will be getting their TTC fares slashed in half.
The discount was speculated earlier this week, but was made official by Premier Kathleen Wynne and Mayor John Tory on Friday morning.
Wynne announced that all adult, senior, and youth/student TTC riders will pay a TTC fare of $1.50 when they use a PRESTO card to transfer to or from GO Transit or the UP Express.
The discount starts in January 2018, just after the Toronto-York Spadina Subway Extension begins service to six new stations in December.
According to the province, regular commuters will save about $720 per year.
— John Tory (@JohnTory) October 6, 2017
“We’re building transit across Ontario to help people get where they need to be. But the cost of commuting can add up quickly,” said Wynne in a statement. “Making it more affordable to hop on the TTC is going to save people money and make the journey that much easier.”
Currently, more than 50,000 daily trips are taken on the transit system, which include transfers between the TTC and GO Transit or UP Express. As well, more than 3 million people have PRESTO cards, which can be used on 10 transit systems in the Greater Toronto and Hamilton Area (GTHA), along with OC Transpo in Ottawa.
“Transit will now be more affordable for Toronto residents who ride a mix of the TTC, UP Express and GO Transit to get around the city,” said Tory. “This agreement also moves us a step closer to make sure that SmartTrack will cost Toronto residents the same as the TTC. We need to make sure that the transit we are building and maintaining remains affordable.”