CANADA…..ONTARIO LIBERALS PROMISE TO CUT TRANSIT FARES TO $1 UNTIL 2024

BY Chandrayee Roy Choudhury, Canada:

The Ontario Liberals say that if they form government after the June 2 election they would make all public transit fares $1 until 2024.

 Liberals say the proposal would cost about $710 million in 2022/2023 and roughly $1.1 billion in 2023/2024, and that the government would replace all lost revenue to transit services.
 The party is also proposing capping the cost of a monthly transit pass at $40 and making all public transit free for veterans.

 With the average transit fare in Ontario around $3.30, dropping it to $1 would be a 70 per cent reduction in the average fare price, which could mean a 20 per cent overall increase in ridership, the Liberals say.