BC Ferry commissioner proposes up to 9.2 per cent fare hike, final number on Sept. 30
The British Columbia Ferry Commission has announced its preliminary decision on ferry fare increases that if finalized would be up to a maximum of 9.2 per cent for each of the next four years.
The commission says that a final decision that would take into account recently announced additional provincial funding of $500 million will be confirmed on Sept. 30.
Commissioner Eva Hage says in a statement that her preliminary decision considers BC Ferries' labour difficulties, high inflation including rising fuel prices, and an aging fleet of vessels.
Transportation Minister Rob Fleming says in a response to the statement that he wants to assure those who use the coastal ferry service that the goal is to hold the annual fare increase to three per cent.
Ferries president Nicolas Jimenez also assured customers, employees and partners in a statement, saying a final rate increase will factor in the $500-million government investment and the average annual increase will be in the three per cent range.
Hage says the higher price cap in her preliminary decision is contingent on BC Ferries identifying $10 million in operating cost savings over the four-year term.
“The corporation must demonstrate good fiscal management and find a solid footing in which expenses align with revenues. To that end, we are requiring BC Ferries to provide us with a plan that sets out the steps it will take, in consultation with the province, to ensure a financially sustainable, safe, reliable and affordable ferry system over the long term.”
Jimenez says BC Ferries has an ambitious capital plan to invest billions in new ships, terminal upgrades, improvement in technologies and service enhancements.
“Those who travel with us deserve a service that keeps pace with growing demand and aging assets. The 12-year plan is in its early stages of development, and it's entirely natural that a program of this size and complexity will evolve and adjust over time.”
This report by The Canadian Press was first published March 31, 2023.
CTVNews.ca Top Stories
There's actually no such thing as vegetables. Here's why you should eat them anyway
The rumours are true: Vegetables aren't real — that is, in botany, anyway. While the term fruit is recognized botanically as anything that contains a seed or seeds, vegetable is actually a broad umbrella term.
BREAKING Israeli forces seize Rafah border crossing in Gaza, putting ceasefire talks on knife's edge
Israeli tanks seized control of Gaza’s vital Rafah border crossing on Tuesday as Israel brushed off urgent warnings from close allies and moved into the southern city even as ceasefire negotiations with Hamas remained on a knife’s edge.
The Met Gala was in full bloom with Zendaya, Jennifer Lopez, Mindy Kaling among the standout stars
The Met Gala and its fashionista A-listers on Monday included Jennifer Lopez, Zendaya and a parade of others in a swirl of flora and fauna looks on a green-tinged carpet lined by live foliage.
'It looked so legit': Ontario man books $7,700 luxury villa on Booking.com, but the listing was fake
An Ontario man says he was charged more than $7,700 to book a luxury villa on a popular travel website -- but the listing was fake.
Noelia Voigt resigns as Miss USA, citing her mental health
Noelia Voigt, who was crowned Miss USA in November 2023, has announced she is resigning from her role, saying the decision is in the best interest of her mental health.
Putin begins his fifth term as president, more in control of Russia than ever
Vladimir Putin began his fifth term Tuesday as Russian leader at a glittering Kremlin inauguration, setting out on another six years in office after destroying his political opponents, launching a devastating war in Ukraine and concentrating all power in his hands.
Winnipeg man admits to killing four women, argues he's not criminally responsible
Defence lawyers of Jeremy Skibicki have admitted in court the accused killed four Indigenous women, but argues he is not criminally responsible for the deaths by way of mental disorder – this latest development has triggered a judge-alone trial rather than a jury trial.
Mediterranean staple may lower your risk of death from dementia, study finds
A daily spoonful of olive oil could lower your risk of dying from dementia, according to a new study by Harvard scientists.
An El Nino-less summer is coming. Here's what that could mean for Canada
As Canadians brace themselves for summer temperatures, forecasters say a weakening El Nino cycle doesn’t mean relief from the heat.