Connect with us

Business

15,000 Workers Gain from Employer-Paid Transit Subsidy in Vancouver

Editorial

Published

on

Approximately 15,000 workers in Metro Vancouver are now benefiting from a new initiative that provides subsidized transit passes, introduced by TransLink. During a board meeting on Wednesday, TransLink’s CEO Kevin Quinn announced that the program is the first of its kind in Canada, with participation from 50 certified “Transit Friendly Employers.”

Employers involved in the initiative cover half the cost of a monthly or Stored Value Compass Pass, allowing their employees a more efficient, environmentally friendly, and cost-effective commute. Quinn emphasized that the program not only supports employee transportation needs but also promotes sustainability in the region.

Companies participating in the program can showcase an “exclusive Transit-Friendly Employer” stamp on their websites and job postings. This helps them attract talent while signaling their commitment to a greener environment. To qualify, large employers, defined as those with 200 or more staff members, must have at least 10 percent employee participation. Smaller employers, with fewer than 200 employees, are required to achieve a 25 percent participation rate.

Among the 54 participating businesses, there are 21 large employers and 33 small employers. Notable companies include YVR Vancouver Airport Authority, Lush Handmade Cosmetics, Vancouver Coastal Health, Fairmont Vancouver Airport, Rivian Automotive, Herschel Supply Co. Canada, Melanie Auld Jewelry, and Grouse Mountain. A comprehensive list of participating employers can be found at translink.ca/transitfriendlyemployer.

In addition to the transit subsidy program, TransLink’s board also discussed advancements in its rail services. Quinn highlighted that four five-car Mark V Skytrains are now operational. By 2027, all 47 trains of this model will be in service along the Expo and Millennium lines. These new trains offer 25 percent more passenger capacity compared to previous models, enhancing the travel experience by providing a more spacious and comfortable ride.

Riders will also benefit from the ability to walk the full length of the five-car trains, a feature that adds convenience during busy travel times. Quinn noted that the Mark V fleet plays a crucial role in the future expansions of the SkyTrain network, including the upcoming Surrey-Langley SkyTrain extension.

This initiative reflects a significant step towards improving public transit accessibility and environmental sustainability in Metro Vancouver, benefiting both employees and the wider community.

Trending

Copyright © All rights reserved. This website offers general news and educational content for informational purposes only. While we strive for accuracy, we do not guarantee the completeness or reliability of the information provided. The content should not be considered professional advice of any kind. Readers are encouraged to verify facts and consult relevant experts when necessary. We are not responsible for any loss or inconvenience resulting from the use of the information on this site.