Mayor Mark Sutcliffe acknowledged he is \u0022frustrated and, at times, embarrassed\u0022 by OC Transpo.
The shortfall, if it were sustained each year, would translate to a staggering $3.7 billion in lost revenue over the course of the next 25 years of OC Transpo’s long-range financial plan. Add in inflation, unpredicted operating and maintenance costs, and planned transit capital projects, and OC Transpo will be $6.6 billion worse off than it was expecting by 2048.
“Ottawa is justified in asking for help from the federal government and the provincial government, as the nation’s capital, and the fact that federal government decisions have had an impact on ridership in Ottawa and, frankly, the future of downtown,” Sutcliffe told reporters. Of course, it’s not just the pandemic and work-from-home that can be blamed for all of those missing riders. The Confederation Line, which celebrated its fourth birthday last week without fanfare, has been plagued by breakdowns and derailments that have frustrated and driven away passengers.
Meanwhile, the financial update showed the cost of running the system is higher than forecast with maintenance costs, operator costs, fuel and energy costs all pricier than predicted in 2019.Article content
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