01/09/2012 05:54 EST | Updated 03/10/2012 05:12 EST

GO Transit prices to go up in February

The price of riding GO Transit is about to go up.

Provincial operator Metrolinx has approved a series of fare hikes that will come into effect on Feb. 18.

Under the new pricing structure, GO Transit passengers will pay an extra $0.30 to $0.40 per trip, depending on how far they are travelling.

Metrolinx expects the adjusted prices will bring in an extra $20 million each year.

The organization says the money will help pay for maintenance and more reliable service.