The province is celebrating the one-year anniversary of reasonable fares on the UPX.
Transportation Minister Stephen Del Duca was asked how much money the UPX is losing. He said—unbelievably—that he didn’t know.
9000 riders take the train daily, and growth is slowing. At an average fare of $9 (less for short trips, more for those without a Presto card), that raises $81,000 a day. The train, however, costs about $160,000 a day to run, leaving a shortfall of about $80,000 daily.
Annually, that’s about $29 million.
While I’m very grateful for the UPX, it’s worth remembering that Metrolinx was told by their private partner—which withdrew—and the Auditor General that this would happen. They insisted on building a boutique train in the face of all evidence.