In response to the recent comptroller general's report on TransLink and BC Ferries, the Province is introducing measures to ensure both transportation services are delivering maximum value for British Columbians, Transportation and Infrastructure Minister Shirley Bond announced today.
"The board and management at TransLink should be commended for already taking action on key recommendations of the comptroller general," said Bond. "In recent months the company has taken significant steps to find efficiencies to help meet its financial goals."
"I have had productive dialogue with the Mayor's Council chair around the challenges faced when planning and funding transit improvements in Metro Vancouver," said Bond. "The measures we are introducing today will allow TransLink to develop and implement these transit expansion plans in a more effective way."
Legislative amendments involving TransLink include:
* Allowing service improvement plans to proceed at any time, rather than on the restrictive annual process currently in place.
* Amending the requirement for a fully funded plan from 10 years to three years.
* Requiring an outlook plan from years 4 to 10 that focuses on future services.
"I will be further discussing the remaining recommendations of the comptroller general with the Mayor's Council in the coming months," said Bond.
"With respect to BC Ferries, the comptroller general said the company is well managed overall," said Bond. "The legislative changes we're introducing will strengthen BC Ferries' governance, improve transparency and address executive compensation, all of which are recommendations from the comptroller general."
Legislative amendments involving BC Ferries include:
* Improving transparency by subjecting BC Ferries and the BC Ferry Authority to the Freedom of Information and Protection of Privacy Act.
* Ensuring compensation for future BC Ferries executive and board is comparable to public-sector organizations.
* Strengthening governance by separating the BC Ferry Services board of directors from the BC Ferry Authority.
* Including reservation fees in the price cap regulated by the BC Ferry Commission, and having the commission regulate services where it has determined that BC Ferries enjoys an unfair competitive advantage.
The comptroller general's report is available HERE