Provincial investment keeps ferry fare increases down, adding penalties for cancelled sailings
NANAIMO — The B.C. government wants to make sure ferry tickets remain relatively affordable, even as prices will shoot up in the coming years.
The province recently signed a four-year service contract with BC Ferries, effective April 1, 2024, until March 31, 2028, while $500 million in provincial funding was announced in February to help contain fare prices and other initiatives.
BC Ferries confirmed fares will increase an average of 3.2 per cent per year over for the next four years. Without the provincial investment, the increases would be close to 9.2 per cent per year over the next four years, according to news release from the province.
Minister of transportation and infrastructure Rob Fleming said they are also working on a plan to include penalties for “core-service sailings” missed due to crew shortages, which will be added in the spring.