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Metrolink's Government funding is running out...We asked the boss if fare rises and service cuts lie ahead
20.01.2022 - 22:29 / manchestereveningnews.co.uk
Metrolink bosses can't rule out fare hikes and service cuts if the Government fails to continue emergency Covid funding when the pot runs out in March.
Due to plummeting passengers during the pandemic, the network has largely relied on Government funding, with £120.2m allocated for the period of March 2020 to April 2022.
Transport bosses are currently locked in negotiations with the Department for Transport in a bid to secure funding beyond this point.
READ MORE: Out of 99 Metrolink stations this one is rated worst - we found what makes it Greater Manchester's most hated stop
However, Metrolink boss Danny Vaughan has tonight told the Manchester Evening News that if support is not forthcoming, service cuts and an increase in fares - which have been frozen for the last two years - could be on the way.
The Head of Metrolink said that rocketing electricity prices alone will lead to a £6m increase in operating costs next year, with wholesale losses of up to £40m predicted when other costs and passenger decline are factored in.
It means Government support is vital.
Mr Vaughan told the Manchester Evening News : "The issue we are facing is that even if we do nothing our costs go up substantially.
"It all depends on what happens to passenger numbers and revenue but we are anticipating that even with strong revenue growth there will be a shortfall of up to £40m."
As is the case for so many businesses, it's a sad fall from success for an organisation widely regarded as an industry leader, and which in pre-Covid times made enough of a surplus to pay for all operating costs and invest in the network.
Mr Vaughan added: “Our budgets are wiped out because of Covid.
“We’ve always been proud masters of our own destiny so having a
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