Local transit systems are getting a boost.
On Wednesday (Apr.13), Alberta’s government committed $79.5-million to support municipalities’ transit systems. This funding falls under a new program called Alberta Relief for Shortfalls for Transit Operators (RESTOR), which will provide a top-up to assist municipalities feeling the financial pinch from low ridership over the last two years.
The federal government is matching the funding for a total of $159-million.
“Transit systems took a financial beating during the pandemic with a significant loss in ridership as people worked from home and businesses cut back on staff or completely shut down,” said Premier Jason Kenney.
“This funding will keep buses and trains moving to meet increased demand as we recover from the pandemic.”
Fort Saskatchewan received $76,910 for its transit system, and Strathcona County received $1,335,318.
Funding of $9.7 million is also set aside for smaller communities facing transit revenue shortfalls. Amounts were based on 2019 ridership statistics.