ON: TTC Wants Report on Fares Lost Because of Malfunctioning Presto Readers
Feb. 22, 2017
The TTC board has asked for a clear accounting of how much money the transit agency is losing as a result of malfunctioning Presto devices.
Source TheStar.com
The TTC board has asked for a clear accounting of how much money the transit agency is losing as a result of malfunctioning Presto devices.
At a meeting of the board on Tuesday, commissioners voted to have agency staff produce a report later this year on the “failure rate and loss revenue cost” of the Presto fare card system.
Board member and Councillor Joe Mihevc, who moved the motion for the report, said it was important to get a “methodologically rigorous” report of how much the TTC is losing. Under a deal reached in 2012, Metrolinx, the provincial agency that owns Presto, is contractually obligated to compensate the TTC for forgone revenue due to Presto problems.
