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TransLink losing $75 million a month, seeks emergency funding

BY , Apr 14, 2020 4:37 PM - REPORT AN ERROR

The agency that handles transit for the Metro Vancouver area is warning of ``unprecedented cuts to service'' if it does not receive emergency funding relief from the federal and provincial governments.

TransLink CEO Kevin Desmond says the company is losing $75 million every month because of the COVID-19 pandemic.

Desmond says TransLink has done its best to keep essential services operating, but has seen revenue cut in half since mid-March, and he warns of ``cashflow issues within weeks.''

TransLink operates bus, SkyTrain, Sea Bus and West Coast Express commuter train services across Metro Vancouver but Desmond says entire routes could be cancelled if emergency funding does not arrive.

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