TransLink has announced a 10-per-cent fare increase for passengers in Metro Vancouver starting Jan. 1, 2013.
The rate hike will see adult fares rise to $2.75, $4 and $5.50 for one-, two- and three-zone trips, respectively, up from $2.50, $3.75 and $5.
Discount fares after 6:30 p.m. and on weekends and holidays will increase to $2.75 from $2.50. A DayPass will increase to $9.75 from $9.
TransLink is saving the most drastic hike for monthly FareCards and West Coast Express fares, which will rise 12.5 per cent. Starting in 2013, FareCards will increase to $91, $124 and $170 for one-, two- and three-zone trips, up from $81, $110 and $151. A West Coast Express adult one-zone monthly pass, for example, will rise to $151.75 from $134.75. A five-zone pass goes to $335.75 from $298.50.
The transit authority says the fare hikes reflect a retroactive increase of two per cent per year since 2008 — the last time cash fares were raised — to keep up with inflation.
“Cash fares have not increased since 2008 and the increase will reflect the past five years of inflationary costs. DayPass, monthly FareCard and HandyDART fares have also been adjusted. The price of FareSaver tickets does not change,” TransLink stated in a release Tuesday.
Fares make up 33 per cent of TransLink’s revenue, according to the release.