Calgary Transit has announced a surplus of $32 million, which will be used for COVID-19 recovery efforts. The surplus is a result of reduced operational costs during the pandemic, as well as increased funding from the federal and provincial governments. This funding will be instrumental in helping Calgary Transit recover from the financial impact of the pandemic.
Calgary Transit Announces Surplus of $32 Million
Calgary Transit’s surplus of $32 million is a positive sign for the organization and the city as a whole. The surplus was achieved through cost-saving measures implemented during the pandemic, such as reduced service levels and decreased fuel consumption. Additionally, the federal and provincial governments provided funding to support public transit during the pandemic, which contributed to the surplus.
Calgary Transit’s CEO, Doug Morgan, expressed his gratitude for the surplus and the support from the government. He emphasized that the surplus will be used to improve services and facilities for transit users. This will include upgrades to buses and trains, improved accessibility, and increased safety measures. The surplus will also help to support Calgary Transit’s ongoing efforts to reduce greenhouse gas emissions.
Funds to be Used for COVID-19 Recovery Efforts
The surplus of $32 million will be used to support Calgary Transit’s COVID-19 recovery efforts. This will include investments in new technology and infrastructure to improve the safety and reliability of transit services. The funds will also be used to support Calgary Transit’s efforts to rebuild ridership levels as the pandemic continues to subside.
Calgary Transit’s COVID-19 recovery plan includes a focus on safety and cleanliness, as well as a renewed emphasis on customer service. The funds from the surplus will help to support these efforts and ensure that transit services are safe and reliable for all residents of Calgary. The surplus will also help to support the local economy by creating jobs and supporting local businesses.
Calgary Transit’s surplus of $32 million is a positive development for the organization and the city as a whole. The surplus will be used to support COVID-19 recovery efforts, improve services and facilities for transit users, and reduce greenhouse gas emissions. Calgary Transit’s CEO, Doug Morgan, expressed his gratitude for the surplus and the support from the government. The surplus will help to ensure that transit services in Calgary are safe and reliable, and will support the local economy by creating jobs and supporting local businesses.
