CTran eyes its piggy bank for BRT

first_imgC-Tran expects to burn two-thirds of its uncommitted capital reserves to build a bus rapid transit system in Vancouver, according to documents recently submitted to the Federal Transit Administration.The agency must come up with about $6 million out of its own pocket to pay for the $53 million project. With the finance plan submitted to FTA, C-Tran leaders have answered how they plan to do that.They haven’t, however, gotten the approval of the C-Tran Board of Directors — a required step before the planned system can receive federal money.The C-Tran board endorsed the overall bus rapid transit concept in the form of a locally preferred alternative in 2012. The board has continued to advance the project this year, even as some board members have expressed reluctance or outright opposition amid lingering questions.C-Tran project manager Chuck Green said the board will likely be asked to authorize the use of reserve funds for bus rapid transit next year. By then, the project will be farther along in design and will offer a clearer picture of what’s required to carry it forward, he said.last_img

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