British Columbia's premier has announced $500 million in new funding for BC Ferries to keep fares low for passengers.
David Eby says a recent submission to the BC Ferries commissioner showed global inflation over the past 18 months means travellers could see a fare increase of more than 10 per cent a year between 2024 and 2028.
The province says the increase in costs like fuel and inflation are driving up overall fees for the service, and the funding will also go toward lowering greenhouse gas emissions through electrification of vessels.
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Province injects $500 million into B.C. Ferries in effort to keep annual fare jumps below 3%Report had forecast possible annual fare increases above 10%.
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