CALGARY – As the number of cabs on city streets increases, so will the price patrons pay for a ride.
City council approved 383 new taxi licenses on Monday, 14 of which will be for accessible cabs.
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Councillors decided to release 126 licenses by December.
They will evaluate how those new licenses are working, before scheduling the release of the rest in March.
Council also approved a hike to taxi rates by 8.1%, which will take effect immediately.
There are currently just over 1,500 cabs on Calgary streets.
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